Mobile Home Investing Podcast

In today’s Mobile Home Investing Lessons podcast #60 we are talking to active Mobile Home Formula investor, Chris. Chris has been mobile home investing in the great state of Tennessee since beginning working with John in 2023. Chris has now transitioned into a full-time mobile home investor.

Ray started his mobile home flipping journey with only $15,000 and investing part-time was able to flip 10 mobile homes in 10 months with the help of his hard work and the Mobile Home Formula's training. Ray’s journey into mobile home investing may look fast from the outside, but it’s built on years of entrepreneurial thinking, disciplined learning, and a willingness to work for every deal. In just over 10 months of working alongside his mentor, John, Ray has bought and sold 10 mobile homes, one per month, while helping local mobile home parks, buyers, and sellers along the way.

Welcome back,In today’s Mobile Home Investing Lessons podcast #58 we are talking to active Mobile Home Formula investor, Carl. In a couple short years, Carl has been able to cash-flow individual mobile homes to quit his full-time pharmacy job.Selling a mobile home on payments = Down Payment + Monthly payments for over 60 months.In this short time working together Darryl has become more confident investing in mobile homes, helping others, investing on his own, and growing a profitable investing business.Carl has now transitioned away from his pharmacy career into a full-time mobile home investor and mobile home park investor. His wife is the next one to quit her career.A special thank you to all the guest of this podcast. They will help more people than they know.0:00 Carl’s Mobile Home Journey BeginsJohn opens the interview with a question every investor can relate to: “How did this all start for you?”Carl smiles and admits that just a few years ago, he didn’t even know what a mobile home title looked like. He had been looking for a side hustle that could eventually replace his 9-to-5, and when he stumbled across John’s videos on YouTube, something clicked.“I didn’t have a ton of money or a fancy background,” Carl says. “But I knew I wanted something that gave me control of my time. Mobile homes felt like a way in.”Carl took John’s course, learned how to analyze deals, talk to park managers, and build relationships with sellers. Within a few months, he was knocking on doors, visiting parks, and taking small but steady action.3:40 – The Emotional Rollercoaster of the First Few DealsWhen John asks what those early days were like emotionally, Carl laughs. “I almost quit after my first deal,” he admits.That first transaction was a whirlwind of excitement and stress. The seller backed out twice, the buyer’s financing fell through, and Carl spent nights wondering if he had made a huge mistake.But when the deal finally closed—and he walked away with a large profit—something shifted. “It wasn’t just about the money,” he explains. “It was about proving to myself that I could actually do it.”John nods knowingly. “Every investor remembers that moment when it stops being theory and becomes real.”Use the time markers below to fast forward the podcast above.✔️0:00 Carl’s mobile home journey✔️3:40 Emotional first few deals✔️4:50 Student loans to fund business✔️7:50 Second round of funding✔️13:00 Bigger and bigger deals✔️16:30 Smaller deals VS Bigger deals✔️22:40 4 deals per month✔️30:30 Progress not perfection✔️33:50 Owning self-storage✔️39:30 Top 3 headaches✔️44:45 Evictions are last resort4:50 – Using Student Loans to Fund His BusinessOne of the most surprising parts of the conversation comes when Carl shares how he initially funded his business. “I actually used my student loans,” he says. “I had some leftover funds from college, and instead of spending them on something temporary, I decided to invest them in something that could grow.”John chuckles but also commends Carl for his resourcefulness. “That’s what separates successful investors,” he says. “They find ways to get started, even if it’s unconventional.”Carl emphasizes that it wasn’t about taking reckless risks—it was about believing in himself and betting on his education.7:50 The Second Round of FundingAfter closing a few early deals and reinvesting the profits, Carl hit a wall: he needed more capital to scale. Rather than stopping, he got creative again.“I built a small track record—three successful deals,” he explains. “Then I reached out to friends and family who trusted me and showed them the numbers.”That “second round” of funding allowed him to buy multiple homes at once and renovate them simultaneously. “That’s when I realized this could be more than just a side hustle,” Carl says.John highlights this as a key teaching moment: “You didn’t wait until you were rich to start—you started, and that’s what made you rich.”13:00 Bigger and Bigger DealsWith experience came confidence—and bigger opportunities.Carl started buying double-wides, land-home packages, and homes inside 55+ communities. “The profits were bigger, but so were the challenges,” he notes. “It forced me to think more like a business owner instead of just a hustler.”John points out that this is a natural evolution many investors face: “As you grow, the size of your problems grows, too—but so does your capacity to solve them.”16:30 – Smaller Deals vs. Bigger DealsThe discussion turns to strategy. Should investors chase big deals or stack smaller ones? Carl’s answer is balanced.“I still love the smaller deals,” he says. “They’re quick, simple, and low-risk. But the bigger ones let you scale faster and build credibility.”John agrees, reminding listeners that both have their place. “The small wins pay your bills. The big wins change your future.”22:40 – Four Deals Per MonthAt this point, Carl reveals he’s now consistently doing about four deals a month—a mix of flips and notes.“It didn’t happen ove

In today’s Mobile Home Investing Lessons podcast #57 we are talking to active Mobile Home Formula investor, Darryl. Darrly has been mobile home investing in the great states of Delaware and Maryland since beginning working with John in 2022. In this short time working together Darryl has become more confident investing in mobile homes, helping others, investing on his own, and growing a profitable investing business. Darryl has now transitioned into a full-time mobile home investor.

Welcome back,In today’s Mobile Home Investing Lessened podcast #56 we are talking to active Mobile Home Formula investors, Michael and Brian. Brian and Mike live and work full-time jobs in Manhattan, and commute to their mobile home investments out-of-state.These 2 guys have been mobile home investing in New Jersey, Pennsylvania, and Maryland since beginning working with John in 2024. In this short time working together these two investors have closed 7+ mobile home flips for 5-figure paydays.In addition to making money Michael and Brian are learning every step of the way. All this while actually helping local mobile home buyers, mobile home sellers, and mobile home park managers. These two investors are even working directly with and helping local mobile home park owners to fix and fill the park's unwanted vacant mobile homes.Use the time markers below to fast forward the podcast.0:00 Intro0:30 Before mobile homes4:10 Easy or Hard5:00 Deals complete6:10 Problems to overcome8:00 Park manager pro tip9:45 Pushing past the no10:30 How has your marketing changed?12:10 Investing out of state15:10 Hours per week?15:50 First deal stress19:40 Have you ever wanted to quit?21:50 Win-Win deals24:00 2nd deal story31:10 Working with a partner32:40 Corporate VS mom and pop35:45 Advice for your former selvesPushing past the few negative park managers to talk directly with park ownersBrian and Michael do not give up easy. When a door is closed in front of them, they look for a way in through the window. This is no more evident than when a local park manager told them that they were not able to purchase a used mobile home from a seller in the park that was being evicted.These two investors use the LinkedIn, the white pages, and skip tracing tools to track down the mobile home parks regional manager to talk directly with the person in charge. The regional manager welcomed these two investors with open arms.When you know you have a very good deal in front of you, definitely push hard to make it happen. Where there is a will, there usually is a way.Sacrificing the time neededThe time definitely has to come from somewhere. Even if you plan to invest remotely out of state or only focus on wholesaling mobile homes to start, aim to have at least 15 hours set aside per week. Five of the hours can be at night, but the rest need to be during the daytime any day of the week or weekend.Building a safe and thriving business does not happen by accident. It does not happen without focus and weekly commitment. Again, 15 hours a week at minimum. If you have more hours or many more hours than that, then they will definitely be used while you are building your business for the first six months or more. After that more things can be outsourced and delegated out.Getting paid to learnMichael and Brian mentioned this in today’s podcast. They are making money while they are learning to invest in real estate and mobile homes. Brian and Michael are buying mobile homes through tax deed sales, mobile home park managers, online advertising, offline advertising, and more.Besides the monetary gains these guys are making, they are also learning a great deal about people’s skills and dealing with buyers, sellers, managers of communities, handyman, contractors, and more people that we run into on a day-to-day business. If you have not invested in real estate before, be prepared to improve and grow as a person.Mobile home deals rarely fall into our lap without regular work and effort. Expect to work harder for yourself than you do for someone else.Mobile home investing should not be exciting, but rather a predictable, safe, rewarding and profitable business. Moving forward when you have any mobile home related questions please never hesitate to comment or reach out to the email below.Love what you do daily,John [email protected] to Brian, Mike & John's Mobile Home Podcast here...

Our worst mobile home park manager situation yet!

Welcome back,In today’s Mobile Home Investing Lessons podcast #54 we are talking to active Mobile Home Formula investor, Lyndell. Lyndell has been mobile home investing in the great state of Luisiana since beginning working with John in 2023. In this short time working together Lyndell has become more confident investing in mobile homes, helping others, investing on his own, and growing a profitable investing business.Lyndell has now transitioned into a full-time mobile home investor.Being a newbie stinks! Lyndell has had to overcome mental fears and roadblocks, desires to quit, imposter-syndrome, being laughed at by friends and more, ALL before becoming success flipping mobile homes. Pro Tip: Once you commit to investing in mobile homes and helping others, don’t quit. Keep going.Use the time markers to fast forward today's podcast.✔️0:00 Overview of Lyndell’s MH story✔️7:00 Overcoming shame✔️12:00 First mobile home flip in a park.✔️16:40 Would you invest in this park again?✔️22:00 Moment that changed your investing.✔️25:00 Lyndell’s biggest mobile home deal?✔️26:00 Don’t over fix a mobile home.✔️28:45 Being embarrassed with a mobile home.✔️29:30 Cockroaches in 2nd deal✔️30:00 Working with a “friend”✔️32:00 Awkward mobile home stories.✔️36:40 Partnership pros and cons.✔️39:00 What’s your next steps?✔️41:00 Stolen property✔️42:40 Neighbor’s WIFI to protect your home✔️45:10 3rd mobile home doublewide✔️48:00 Stress due to mover laziness.✔️54:30 Avoid this error to save yourself stress.✔️100:00 Unexpected about mobile home investing?✔️102:30 Advice for mobile home investors.Overcoming doubts. Gaining more confidence.In today’s podcast video Lyndell plays it very cool and is quite confident as we talk together. This is far from how he acted towards mobile homes 1 year ago. When Lyndell began his mobile home investing career in 2023, he was just as new, unsure, and nervous as everyone else. None of us are born mobile home investors, we all have to learn one way or another.Pro Tip: Serious determination, a very good plan, a phone, a vehicle, the willingness to ask questions, and $3,000-$15,000 of investing capital are the only 6 things needed to get started investing safely.Becoming better is only natural. Becoming more confident and learning more about mobile home than over 98% of other people in your local market is a natural byproduct of being an obsessed mobile home investor. When you are actively saturating yourself with mobile home park managers, sellers, buyers, and other investors daily and weekly you are forced to learn and grow.This is a good thing. Very quickly you will be the local mobile home authority in your market.Start making money, then tell your friends you’re investing.It may be human tendency to get excited about future plans and want to share them with friends. This excitement and the rush of dopamine we get dreaming about the future and preemptively patting-ourselves-on-the-back can be addictive. It is easy to get the rush of happiness explaining to your friends everything you will one day accomplish in the future. In these situations, you are getting all of the praise without any of the work.If you're newer it may be beneficial to begin your investing career without telling your friends or family. The one single employee of your company is you. You are the golden goose, and we need to protect your mental and physical energy. Negativity is a real time and motivation killer. Negativity doesn’t want to see you succeed. Negativity wants to see you fail. Don't let this negative force win.Pro Tip: The person that is going to push you the hardest is reading these words right now. You need to be your #1 cheerleader. Your opinion is the only one that matters.Helping others and helping yourselfEvery single mobile home investor is in this business to make a profit. You make profits by solving mobile home park problems and mobile home seller problems.However, we can only make a profit when we continue to run an ethical business that helps others. The more people you help, the more profits you create so, you can advertise and help more people.Until you are better known locally, mobile home deals will rarely fall into our lap without regular work and effort. Expect to work harder for yourself than you do for someone else.Mobile home investing should not be exciting, but rather a predictable, safe, rewarding and profitable. Moving forward when you have any mobile home related questions please never hesitate to comment and/or email below.Love what you do daily,John [email protected]

Mobile home investing leads David to an early retirement from his engineering career. He learned to flip and wholesale mobile homes fast.

Learn from Natalia’s stories so you can make more money faster and help more sellers and buyers this year.

In today’s video we are super proud to welcome Shaun and Pamm to the Mobile Home Investing Lessons Podcast. It is hard to believe we are already on mobile home podcast episode #51. Today we have an exciting episode ranging from starting challenges, shady sellers, working full-time, handyman advice, being married, and how to build great relationships with mobile home park managers.A huge Thank You to Pamm and Shaun for joining me on today’s Mobile Home Investing podcast. In the podcast episode below this married investing power couple provided a huge amount of mobile home investing value simply to help other mobile home investors. This giving nature definitely shows in their mobile home investing as well.Shaun and Pamm’s motto, “Under promise and over deliver.”Pamm and Shaun go from beginner to success with mobile homes. (How they did it?)0:00 Welcome Shaun and Pamm4:00 What are your day jobs?8:45 When did your business change?14:30 Selling for cash VS. monthly payments?16:00 Handyman special VS. Bigger repair project homes?18:20 Any bad deals?20:00 Working with mobile home handymen?24:00 Dealing with confrontation?28:20 Why do parks work with investors?31:15 Handyman Dos and Don’ts?36:30 What is your 5-year plan?40:00 What’s been your highest profit deal?44:00 Why mobile homes?52:00 Sourcing discount flooring?53:00 Overcoming troubles?59:00 What ways have you improved yourselves?1:04:40 Advice for other mobile home investors?Quality In & Quality OutShaun and Pamm talk about the pursuit of their first deal before they were official mobile home investors. They describe occasions where they are able to invest in used mobile homes without making any repairs at all. Some homes can quickly be flipped for a healthy profit with no rehab needed. However, some homes absolutely do need repairs completed, cosmetic and more structural.Shaun and Pamm have always fixed homes a bit more than the average mobile home investor. Shaun and Pamm standout and shine in their local market compared to other mobile home investors.✔️ Where other mobile home investors fail to communicate with the local park management, Shaun and Pamm keep in great communication with park managers.✔️ Where other mobile home investors do not follow up regularly, Shaun and Pamm continuously follow up with mobile home sellers.✔️ Where most mobile home investors fail to fix mobile homes before they resell them, Shaun and Pamm seem to always fix what is broken. This way they many deliver a high-quality product to a well-paying cash buyer.Tip: Like it was mentioned in today’s podcast, humbly brag to the manager when you do make repairs to the inside of the mobile home. Show off what you did.Compromise & VisionPamm and Shaun really open up about difficulties they had while first investing in mobile homes and growing their flipping business. Both of these investors love each other very much, yet growing a successful business like this together is brand new for them. This married couple now has been figuring out how to work together peacefully and productively on the fly.Towards the end of this podcast Shaun and Pamm talk about the secrets that have helped them grow closer in marriage while building a successful mobile home investing business together.In conclusion, mobile home deals rarely fall into our lap as newer mobile home investors without hard work and daily effort. After you’ve built up a noticeable reputation for yourself and made hundreds of purchase offers, opportunities have a way of finding you more and more. In the beginning of your mobile home investing career the majority of your time and effort should go towards building your reputation, networking, and specific daily and weekly advertising.Mobile home investing should not be thrilling, but rather a predictable and safe business. If you are taking action regularly then you should absolutely have questions about mobile home investing almost daily.Moving forward when you have any mobile home related questions never hesitate to comment or reach out to the email below.Love what you do daily,John [email protected]

Mobile Home Formula investor is Helping Mobile Home Sellers and Making Money in DC Area

In today’s podcast video we are talking with active Mobile Home Formula investor Megan. Megan has been busting her butt for the past year making a name for herself in the mobile home investing space. Megan is now successfully investing around her state and is well known by other mobile home brokers and park managers statewide. This success did not come by accident, but rather from a specific plan and daily action from Megan.Like almost everyone, when Megan got started investing in mobile homes she had countless questions. Megan and John talked almost daily while building her mobile home investing business.Megan has overcome struggle after struggle in order to achieve her success. She knows she still has a lot more to achieve.A special thank you to Megan for hopping on today’s video to share her business details with others and help other mobile home investors she will likely never meet.Mobile Homes Investing VS. Single Family House InvestingNo one is born a mobile home investor. No one is born a single-family house investor. There are many ways to discover the real estate investing field, however typically investors find themselves gravitating towards 1 niche or another.Like many folks, when Megan heard about mobile home investing through her family, she was skeptical. Actually, Megan admits to rolling her eyes and laughing at the idea of investing in mobile homes. This attitude is extremely common, who wakes up and thinks to themselves “I want to invest in mobile homes today?”After doing more research Megan did the math to realize that mobile homes were just as profitable as single-family homes when it comes to monthly cash flow. Additionally…There are way less mobile home investors compared to single family home investors.There is way less capital needed when investing in mobile homes compare to traditional houses.The risk is much lower in mobile home investing, but serious risk does still exist.Mobile home sellers can be in a real time-crunch to get their mobile homes sold quickly.This year is a great time to sell mobile homes for all cash or monthly payments.When selling mobile homes on monthly payments the cash flow can be very similar to that of site-built houses.Sacrificing Today’s Resources for Her Family’s FutureDo not believe anyone that tells you mobile home investing will make you rich quick.Mobile home investing regularly in deals every month can take 20 to 30 hours each week dedicated to your mobile home investing business. Think you have what it takes?Megan tells of a story about her driving over two hours away from her home to invest in a killer mobile home deal. Megan stayed an additional few hours at the mobile home while the seller packed up and moved out. Megan then had to drive all the way back home late at night. This was done with her kids and newborn baby in the car with her.Megan has put in the time to learn this business, to overcome her fears in order to gain the skills to helped so many local mobile home buyers and sellers in her market.Appreciating What You’ve Accomplished, While Still Always Aiming for Bigger Goals.Outsourcing is what Megan is currently working on growing. Megan’s mobile home business is growing, and she will need to outsource and automate her mobile home investing daily workload in order to scale and continue investing in mobile homes while investing less of her own personal time.Megan is becoming the definition of, working smarter and not harder.In today’s podcast you can watch Megan as she discusses her attitude about her recent successes. As we become more and more successful, the goalpost keeps moving further and further back. This is normal and a very healthy sign your business is growing. As we accomplish one goal another pops up! Megan is also appreciating where she has come from and the success she currently has.Megan admits to doing bigger and bigger deals that she never dreamed were possible. Achieving her goals is a direct reflection of the time and commitment Megan has put in to learning this business, partnering with the right mentors, and taking daily action even though she is scared at times.Megan has no intention of slowing down anytime soon!In conclusion, mobile home investing takes hard work and typically daily effort to make a consistent name for yourself and help multiple buyers and sellers monthly. You will never learn everything you need to know about real estate investing from reading books or watching videos. While there are many ways to make money in real estate, there are countless ways to lose profits as well. Have fun and take daily action to reach your financial goals sooner rather than later. If you have questions, please ask them. There are plenty of active investors around to give you help and guidance if you simply ask for it.

In today’s mobile home investing lessons podcast you are in for a treat. I’m so proud of these two investors. They are such great examples of running a successful mobile home investing business with a spouse. Tonya and Anthony have been happily married for decades. They’re now busy full-time mobile home investors that started investing just a few years ago.In a short period of time Anthony and Tonya have proven themselves as trustworthy and life-changing investors/brokers for the mobile home buyers and sellers they work with.Mobile home investing requires determination. Success requires determination. Determination is not something that can be taught. You either have it or you don’t. These two investors are a great example of dedicated and determined investors.Special thanks to Anthony & Tonya!In today’s mobile home investing podcast #47, we discussed…0:00 Mobile home investing1:30 Prejudice towards mobile homes.3:00 Background before mobile homes.5:45 Deals you both won’t ever do.8:10 Giving advice for free.9:40 Benefits to people liking you.11:10 Most shady people16:15 Buyer beware.19:20 Brokering mobile homes.21:30 Park being shady stealing deals.23:20 Salvaged mobile home title process.32:40 Underground market for homes with no VIN or Title33:30 Working with JohnHelping Others FirstZig Ziglar roughly says, “The more people you help, the more value you will create.” As investors and entrepreneur, we do not get paid weekly to start. Before the riches comes education and helping many people for free.Becoming a Mobile Home Licensed Broker or DealerAlmost every state requires an individual to become “licensed” when more than a certain number of mobile homes purchased and resold within a year. Or if an individual is acting as a personal property realtor between mobile home buyer and mobile home seller for a profit. Both these scenarios may fall under a mobile home dealers/retailers license or a mobile home broker’s license.Not every unlicensed investor is ethical, unethical, knowledgeable, or unknowledgeable. Same goes for licensed investors who are not always ethical into are not always knowledgeable. It is important for each one of us to become educated and make sure we set our buyers and sellers up for success.Winning Requires DeterminationAs you listen to today’s podcast it is easy to hear how Tonya and Anthony could have quit at any moment in the past. These two investors support one another and love one another whether any deals fail or succeed.Today’s podcast shows example after example of Anthony and Tonya remaining persistent and focused towards achieving their goals. Success does not care if you are excited, feeling positive, or feeling negative. Success only requires that you do the work.

In today’s 33-minute Mobile Home Investing Lessons podcast episode #46 we sit down with active Mobile Home Formula members Ian and Daniel. The two best friends have helped dozens and dozens of mobile home sellers and buyers in their short time investing.Over 70+ mobile homes bought and sold, or wholesaled, in just over three years. This averages out to 2 mobile homes purchased and resold each month, for 36 months straight.These investors are not geniuses, but they are hard-working, ambitious, dedicated, and ethical friends that do not have to work a 9-to-5 job anymore. Listen to what these two investors have to say.A special thank you and shout out to Ian and Daniel for hopping on today’s call. Hopefully their sacrifices will now go on to help you grow your mobile home flipping business.In today’s mobile home investing podcast #46, John, Ian, and Dan gossip about…0:00 Introduction0:45 What are you willing to sacrifice?1:30 How much cash did you have to start?3:15 Cash or Cash-flow for you?5:15 Tips partnering with a best friend.8:40 Work life balance tips.12:05 Deals out in the middle-of-nowhere.15:00 What does an average deal look like? 16:20 Do you need a sales lot?18:10 Do you think your age matters?18:50 Do you have a boss?21:50 Discrimination24:30 Providing value over price to seller.27:00 Setting correct expectations.28:40 Taking 6 months to close?29:00 Hours you put into your deals.31:20 What’s been one of your simplest deals?#1 SacrificingHelping others and growing a business requires you to make regular sacrifices. We all intuitively know this and understand that growing anything substantial will take time, effort, and some capital. However, until you have traveled the journey yourself, either by yourself or with the help of a partner, it will only be something you have heard about secondhand.Ways to help your business:Vision boards: Cheesy or not, they help when you see them multiple times per day.Hang around other like-minded investors. Join one or multiple real estate investor clubs nearby. Perhaps start your own.If you’re willing to sacrifice for the next five years will be able to do amazing things. Keep in mind that you should be achieving profitable deals right out of the gate.As you watch and listen to Ian and Daniel’s podcast you will hear the sacrifices, they make to be accountable to themselves, each other, and their business.SACRIFICE your TIME hanging out with friends IN ORDER to meet with park managers and other mobile home sellers to build your successful business.SACRIFICE your EGO IN ORDER to be a beginner and begin to master something new.SACRIFICE your ENERGY and personal time IN ORDER to guerrilla market your business and service to build your successful business.SACRIFICE your FAMILY time IN ORDER to close with buyers or sellers and build your successful business.SACRIFICE some PROFIT IN ORDER to keep the deal moving forward and make the seller happy.Everyone that you see who is successfully investing in multiple mobile home properties is making constant sacrifices. Keep in mind that the sacrifices are definitely a good thing… No pity is deserved here. If you are reading these words and are not yet a active mobile home investor, then you have more sacrificing to do. We all do.#2 Multiple purchase strategies to help most mobile home sellers.Having multiple strategies to help each mobile home seller is something we talk about on this website often. Mobile home sellers often times have various and/or complicated issues going on. Depending on the different moving pieces, your purchase offer and/or exit strategy will likely vary.Purchase strategies when…the mobile home has a title problem, then…the mobile home needs to be removed ASAP, then…the mobile home’s lien must be paid off prior to closing, then…you are starting with limited capital, but you still want to close big deals, then…the mobile home park manager does not like you, then…the mobile home needs way more repairs than you are comfortable with, then…the mobile home seller is out-of-state, then…the entire mobile home is in another state, then…the mobile home also includes land and an underlying mortgage, then…it’s the winter months but there seems to be a very good opportunity, then…the mobile home is in a park location you are not familiar with, then…the mobile home neighbors are terrible neighbors, then…the mobile home seller does not need all their money up front may consider payments, then…you temporarily don’t have the knowledge or resources to know what to do, then…Depending on the scenario, have a way to help each seller and never spend any more money than needed.It can absolutely be scary out there for a newer mobile home investor. Aim to educate yourself with websites like this one, and other free blogs, vlogs, and podcasts talking about investing in real estate or flipping mobile homes. Ideally every mobile home question you have should get an answer. Make sure you have people to ask your investing questions too.

Once upon a time, there was a lady named Lameka who wanted to do something really special. She wanted to make money, but she also wanted to help people. She had a big dream of owning mobile homes and turning them into nice places to live while making some money. In today’s Mobile Home Investing Lessons podcast #45 we’re talking with active mobile home investor Lameka.Facing Her Scary FeelingsAt first, Lameka felt scared because she didn’t know much about mobile homes. But she didn’t let fear stop her. She decided to learn all she could about mobile homes. She read books, went to meetings, talked to people who knew a lot about them, and found a partner to learn from. Learning made her feel less scared.Lameka says, “with passion, belief, action, and accountability, we can achieve anything!”Helping Others and Making MoneyLameka didn’t just want to make money; she wanted to help families find good homes they could afford. She knew mobile homes could be great for that. So, she bought some old mobile homes and fixed them up to make them nice and cozy. This way, she could help people and make a profit too.Finding People Who Really Wanted to SellTo make her dream come true, Lameka needed to find people who really wanted to sell their mobile homes. She got good at this by talking to lots of folks and building trust. When mobile homeowners needed to sell fast, they thought of Lameka because she was local, friendly, and fair.Selling Fast to Happy BuyersOnce Lameka had nice mobile homes ready to go, she wanted to sell them quickly. She made sure to tell people about her homes and show them how great they were. Buyers were happy because Lameka was honest, and they got good deals. She sold mobile homes for all cash and others for monthly payments.You Can Do It TooLameka’s story shows us that even if we feel scared, we can still go after our dreams. If you’re interested in mobile home investing like Lameka, start by learning more about it. Talk to people who know about it and continue learning. Don’t let fear stop you. Use it as a way to make yourself better.Lameka says, “Whatever your goal, stay focused and take action to make it happen.”Lameka’s adventure is proof that we can do amazing things when we try. You can follow in her footsteps. You might even discover that you can help people and make money at the same time. So, don’t be afraid, start your own adventure in mobile home investing!In today’s Mobile Home Investing Lessons Podcast #45, we uncover:0:00 Welcome Lameka1:10 Mobile home investing VS Youtuber2:00 Multi-passionate Entrepreneur2:30 Real estate investing crash.7:00 Learning a new business.9:00 Invest without ever seeing the mobile home.11:00 Keep the home and rent the land.16:45 Park manager relationship.18:40 Investing safely.24:10 Buying or Brokering?28:00 Working with banks.31:00 Deal breakers when selling.

In today’s mobile home investing lesson podcast #48 you’ll hear from a new father and son investing duo. These newer mobile home investors have been having recent success wholesaling and flipping mobile homes to happy cash buyers. These investors even have cash-flowing mobile home properties located in safe and populated areas.None of their success came by accident. Wayne Sr. and Wayne Jr. dedicated themselves to learning this mobile home investing business. They are successfully making a name for themselves locally.Special thanks to Wayne Sr. and Wayne Jr. for hopping on today’s podcast to help other mobile home investor’s they’ll likely never meet.Wayne Jr. and Wayne Sr. got started with little real estate knowledge and zero manufactured home investing experience. What they lacked in experience and knowledge, they more than made up for in desire, motivation, and persistence to learn everything they could about the mobile home flipping business and how to safely help others.Wayne Jr. & Sr. wanted the best mobile home education they could get as a mobile home investor.Watch and listen to today’s podcast for a clearer picture of what your mobile home investing business can look like in 2024.Whether you are investing in mobile homes full-time or part-time, the goal is to help others while creating a substantial profit for yourself. The more people you help the better your reputation becomes, the more your knowledge grows, and the more people we can continue helping.Some say mobile home investing is the most affordable way to break into a real estate investing career. Decide for yourself if mobile home investing is right for you. Sign up for a FREE membership to learn more about mobile home investing here.In conclusion, mobile home investing takes hard work and typically daily effort to make a consistent name for yourself and help multiple buyers and sellers monthly. You will never learn everything you need to know about real estate investing from reading books or watching videos. While there are many ways to make money in real estate, there are countless ways to lose profits as well. Have fun and take daily action to reach your financial goals sooner rather than later. If you have questions, please ask them. There are plenty of active investors around to give you help and guidance if you simply ask for it.

In today’s Mobile Home Investing Lessons podcast #44 we’re talking with active mobile home investor Doug. Doug has been an active mobile home investor in the state of Texas for over two years. Doug can now add to his title, Mobile Home Dealership Owner and operator.It’s been incredible to watch Doug bust-his-butt and grow his mobile home investing knowledge, returns, reputation, and now his own used mobile home dealership.Watch today’s podcast and discover…How to start your own used mobile home dealership?How to end things the right way with the wrong business partner?How to build an ethical and successful mobile home investing Empire?Disclaimer: Most investors can be wildly successful without ever building a mobile home dealership.Now it’s a family business!Doug was able to retire his wife from her full-time career. Now she works in the family business at the mobile home dealership lot when needed. It certainly does not hurt that Doug’s wife is bilingual and just as hard of a worker as Doug.Doug’s team members included:Mobile home moving companies: Doug outsources this task to different third-party mobile home moving companies he likes and trusts.Rehab crew: Paid for and maintained by Doug.Office manager: This role is filled with Doug’s wife. Overseeing day-to-day management of the dealership and more.Sales agent: A young go-getter handling office duties, showing properties, closing paperwork, due diligence, and more. This agent is licensed and working underneath Doug as a mobile home sales agent.Since this is now a family business, Doug lets his payment-buyers know that they will be dealing with him moving forward. Doug lets his payment-buyers know he is careful with his money, checks backgrounds carefully, and wants to make sure payment-buyers have the ability to repay for the home. If the payment-buyers do not pay, then he will be taking action and quickly repossessing the property.Pro Tip: Doug gives a ton of great tips throughout the video. However, it may be wise for you to not follow this specific advice about disclosing that you are the business owner. It can be very helpful for you to appear to work with a company. This way you don’t have to be the top dog ultimate decision-maker. This way you can be the “good cop” while the projected company remains the “bad cop”.Doug’s Business ModelsDoug does part of his mobile home investing business inside other people’s local pre-existing mobile home parks. Doug also does many mobile homes transactions when the home must-be-removed from current land. Doug pays for the mobile home and the transportation costs back to his dealership.In today’s video Doug talks about his three strategies once the mobile homes get to the dealer’s lot:Doug pays his full-time rehab crew to rehab the mobile home to rent-ready type of standards.Doug resells the mobile homes As-Is without putting any money into the property.The as-is mobile homes are shown to buyers. Some of these future payment-buyers agree to prepay for all the repairs to be completed by Doug. In this way Doug will not have to pay out-of-pocket to have his rehab crew do the work.Pro Tip: You can resell quickly if you resell for below-retail prices. Doug was taught to buy mobile homes at really good prices. Doug resells at competitive prices and therefore has multiple qualified buyers to choose from.Doug says, “Homeruns are awesome, but you make your money in doubles and singles.”Doug is reselling more than 50% of his used mobile homes on monthly payments that are moved to the buyer’s own land. That is right!… Doug is reselling the mobile home and having the buyer pay for the transportation and set up costs to the buyer’s very own land. Land with electric, water, sewer or septic and ready for a manufactured home.Typically, Doug aims to receive all his invested money back Day #1. Remember payment-buyers pay a nonrefundable fee to Move-In that may equal $5000-$10,000 or more depending on the manufactured home and location. Doug then creates a note for another 7 to 10 years of cash flowing payments with interest.Once a mobile home is sold for cash or payments, Doug gives the new buyer 30 days to remove the mobile home at the buyer’s own expense.Doug’s interesting transportation twist: Doug knows that when a mobile home travels down a bumpy road the inside of the home may shift or break. Cosmetic cracks and blemishes develop in the walls, ceiling, and tiles along the mobile home’s journey into its new location.Doug tells every mobile home buyer on his sales lot that these cosmetic cracks and blemishes may develop. If the buyer decides to use a third-party mobile home mover, then the buyer alone will be responsible for any cracks and blemishes. However, if the buyer decides to purchase the moving costs through Doug, he will make sure the mobile home looks the same as it is on the sales lot.How can Doug guarantee he will fix the repairs? Because Doug charges the buyer extra money on top of the moving cost. Example: It may

In today’s 34-minute Mobile Home Investing Podcast episode #43 we sit down with a very active mobile home investor involved in multiple deals in any one given time. Best part is that Caleb usually has little to no money invested into many of his deals. Sometimes Caleb purchases the mobile homes, however many times the end-buyer brings the cash money to pay the mobile home seller.I’m very honored and so proud to introduce this North Carolina based active Mobile Home Formula investor, Caleb to the co-hosting microphone. This guy is one of the most easy-going people I’ve met. Listen to Caleb’s story below and tell me if you agree.Caleb is a mobile home investor that stays persistent, puts in some work most days of the week, ask questions regularly, and overcomes most obstacles in his way. Plus, he does this all while raising a son, operating his own mattress store, traveling some, and struggling with all of the normal fears that the rest of us have on a regular basis.We talk about this and so much more on today’s podcast below.Any mobile home related questions please comment below or email me directly at the email provided below.Special thanks to Caleb for coming on today’s podcast! Thanks for giving so much back already and being willing to help investors he’ll likely never meet.Persistence, Ability to follow directions, and Ethics | Mobile Home InvestingIf I had to choose 3 ideal traits that Caleb possesses that makes him a successful mobile home investor, the 3 mobile home investor traits are persistence, the ability to take action when directed, and high ethics to not chase the dollar bills when it comes to burning bridges.Persistence: Caleb could have given up 1,000’s of times. Building a sizable business, from nothing, takes a tremendous amount of persistence overcoming all of the no’s and hurdles.Follow directions: Try not to reinvent the wheel in the beginning, especially if you already have a working wheel. On this website learn how to inspect mobile homes and which mobile home repairs are deal breakers.Ethics: A big mistake many newer manufactured home investors make is not thinking long term. Many investors take shortcuts and burn bridges with sellers, park owners, managers, and more. Whether accidently or on purpose. This is a small investing-world and bad news travels quickly.Caleb’s subniche in mobile home investing, is flipping and wholesaling mobile homes that “must be moved.Caleb’s trick, he never moves them himself.The landowner’s problem: An unwanted mobile home on the landowner’s property. Perhaps this landowner wants to upgrade their current mobile home to a newer model. Perhaps the land was recently purchased or inherited, and the mobile home is simply an unwanted eyesore. Perhaps the mobile home was being rented out by the landowner which also lives in a separate house on the property. Perhaps the landowner is a mobile home park that is looking to remove all of the mobile homes from the 1980s from their community. In all of these situations there is an unwanted mobile home that needs to go.Underground world of mobile home buyers with land: There are a lot of landowners looking to save money on a good-looking used manufactured home. When landowners are looking to buy a mobile home for their land, they may want a two-bedroom or three-bedroom that is safe and looks good. Instead of paying $100,000+ for a new manufactured home, many landowners would prefer to pay you $20,000, $30,000, or $50,000 for a nice used unit. Even $4,500 if the mobile home needs total rehab. All of this is concerning mobile homes that must be removed from these landowners’ land.The problem solver: You. You are the one that can purchase the mobile home and remove the mobile home. Or, like Caleb does, resell the home to a cash buyer that will move the manufactured home to their own land. This way Caleb never moves the home. In over 20+ mobile home flips and mobile home wholesales Caleb has never moved a mobile home himself.This need for sellers to get rid of their unwanted mobile homes that must-be-removed from their land happens across the United States. Every state there are sellers and buyers.It is not a question if these must be removed mobile home sellers exist, it is a question if they will know who you are and how you can help them. Make it easy for mobile home sellers to connect with you.In today’s mobile home investing podcast #43, we cover:0:00 Caleb getting started.2:20 Other real estate experience?3:40 Wholesales only baby!5:00 Who are your buyers?11:20 6 mobiles under contract at once12:10 Money into the deals?16:10 Least and most profitable deals25:40 Hours per week?28:35 Motivation for other mobile home investors30:05 Do the thang!30:33 Working together with John

Today’s podcast #42 has been over two years in the making. Dominic and I started talking about recording a mobile home investing case study podcast together after he got started mobile home investing back in 2020.Dominic got started investing in individual mobile homes at age 16 and a half with his family’s permission. Dominic is now 18 years old as of this article. By the time he could vote, Dominic had already closed a half dozen mobile home deals averaging over $5,000 profit per home.Dominic is killing it at his young age! This kid man is incredible! He’s got a long real estate career ahead of him.Dominic has genuinely helped way more people and made way more money by the age of 18, than most of us could have only dream about. Dominic makes all of us look old, and I’m so proud of him.While watching to today’s podcast, remember…There will always be another safe opportunity to invest.While watching this video enjoy in Dominic’s success and happiness. Also, take notes and learn from his journey from failure to success in mobile homes.Use this video as fuel for your motivational fire. If Dominic can achieve these results, then there is no reason why you cannot as well. No more excuses.Mobile home investing is not easy, but it can be predictable when consistent.In today’s mobile home podcast episode below, we cover:0:00 Side hustles early on?3:00 6 deals under age 184:10 Fears looking younger.7:20 Making $35k in 6 deals.9:00 Selling for cash or payments.10:00 What percentage of your homes must be moved?11:00 Take the cash while you can.13:30 Be a sponge, to be the best.14:40 Working with John17:05 Deal #321:25 Finishing the deal for a 10k profit.22:45 Surprises?27:30 Free mobile home!30:00 Buying without looking34:00 Advice for new investors?Thank you so much to Dominic for coming on today’s podcast. Dominic is truly a great guy that puts people first and has a high code of ethics. He wants to have a great business with a great reputation, and that is exactly what he is developing.Today’s article is short to encourage you to watch or listen to today’s podcast. Watching this podcast in full should only help your mobile home investing business growth.

In today’s 34-minute Mobile Home Investing Podcast episode #40 I’m honored and so proud to introduce you to Illinois based active Mobile Home Formula investors, Desiree and Harold to the co-hosting microphone. These guys have so much love for each other and growing a highly ethical mobile home investing business.Harold and Desiree are mobile home investors that stay persistent, work together, and overcome any obstacles in their way. Everyday there are more questions, and all these questions means action is happening. Your questions need answers quickly.Any mobile home related questions please comment below or email me directly at the email provided below.The StruggleAnyone that tells you mobile home investing is easy, either hasn’t been investing for very long or has a very well-oiled mobile home investing machine or is lying.Creating any business from scratch is challenging, and on a budget of only few thousand dollars leaves little room for mistakes.Desiree and Harold have successfully flipped over 15 mobile home deals while keeping a high profit margin and genuinely helping others. These investors have ethics and the parks they work within love how they do business. These investors stay busy and only a small handful of mobile home parks. In the beginning Harold and Desiree spent over 40 hours educating themselves, looking through mobile homes, driving mobile home parks, inspecting mobile homes that had to be moved, and more before they closed on their first mobile home investment property inside a local park.Before Desiree and Harold knew about mobile home investing, they knew they were ready to put in the hard work and effort that was needed to grow a successful business. When they learned about mobile home investing, they took the right steps to invest safely and quickly to grow profitable business.Almost everything is teachable, except ambition. Ambition and dedication required!In the mobile home podcast episode below, we all cover:0:00 Getting started together.2:00 why mobile homes?3:45 Confidence to get started.4:45 Negativity6:25 Cash or Cash-flow8:20 5-year goals9:40 Beautiful home quick flip12:00 Hours per week14:00 Building relationships16:15 Outshining the competition.19:00 Switching business roles20:30 The struggle21:40 What made you successful?22:50 All free homes are not good deals.24:45 Working as a couple.27:15 Morning routines for success29:00 Using a calendar29:30 Has investing changed you30:40 Working with JohnFixing & Flipping Mobile Homes… Sometimes just flipping them.In today’s podcast episode Desiree and Harold admit that they almost exclusively are 1.) purchasing the mobile homes, 2.) fixing them up slightly or extensively, and 3.) reselling the mobile homes to all cash buyers for handsome profits.Buying Right + Cost Effective mobile home repairs (Based on your Exit-Strategy) = Profit when you resell.There are at least a dozen different methods or strategies to purchase and resell mobile homes. However, some mobile home investors only use one or two buy/sell methods to build their initial mobile home investing businesses and profit. Harold and Desiree are no different. Win-Win Deals Only: As mobile home investors we have to make money to stay in business and keep helping others. However, we should always aim to leave our sellers happy, and leave our buyers happy as well. We want good reviews and good word-of-mouth reputations.The three other most popular methods to create profit with mobile homes are:Some version of wholesaling: Depending on your paperwork the exact process will definitely change. However, this basic strategy revolves around the investor tying the property up under contract for a certain price, and then only making a profit once a buyer is found to pay a higher purchase price. The investor may get paid at closing or before closing depending on the deal.Purchasing and reselling for long-term monthly payments: This method allows you to sell for the most amount of profit possible. Collect a down payment and monthly payments for 5-30 years of monthly payments. The buyer owns the home once the mobile home is paid in full.Buying and adding to land for a profit: This strategy can happen multiple different ways. Things will vary if you mobile home is added to land, where the mobile home and land are purchased together in one package. Things also very depending on who owns the land, and if you are renting the land out, or selling everything, or only selling the mobile home. Mobile homes with land can have very big paydays if the property is sold to a bank financed buyer or all-cash type of buyer.Desiree and Harold’s career is only just beginning. They’re wonderful investors that are so supportive and loving of one another. It would be great to see more investor couples like this.Six FiguresGrowing your business to six figures starts with your very first deal. In the beginning most investors are focused on building a small base of cash. Once $40,000 or $50,000 is reached

We’re joined today by active mobile home investors Dan and Katie. These part-time mobile home investors are flipping mobile homes, raising a baby, new puppy, organizing charity drives, and working full-time jobs. These investors tell all about their journey from startup to successful profitable mobile home investing business in today’s Mobile Home Investing Lesson Podcast #41.It’s not all about the money with these two investors. Mobile home investing allows us the opportunity to meet and work with folks in various situations. Sometimes the people we meet are in vulnerable situations. What may seem like a small gesture, amount of time, or little money to you, may make a big difference to sellers you’ll work with locally.Today’s 60-minute podcast is full of heart. Listen and take some notes. Special thanks to Katie and Dan for today’s podcast. Listen to Dan and Katie’s journey below.In today’s mobile home podcast episode below, we cover:0:00 Kimura!1:48 Starting out.4:19 Surprise at the door.5:18 Love and hate8:10 Time management9:50 Give yourself grace.12:45 Giving back to the community.22:20 Handymen and contractors.28:38 Deal breakers for handymen.32:21 Dealing with partners.37:33 Give up?39:59 Cash VS. Payments?45:40 Problem?55:15 Dream BIGStories to entertain your friends.As an active mobile home investor, you’ll be the hit of any dinner party with difficult-to-believe and jaw-dropping stories. Adventures with mobile homes, sellers, buyers, handymen and various situations you’ll find yourself overcoming to succeed.You may likely have nicknames for some of your mobile home investments. “Prison home”, “Naked lady home” and “Jungle home” are a few homes in the recent past that quickly come to mind. These nicknames may have something to do with where the home is located, the sellers, or a particular characteristic of the mobile home.In today’s podcast Katie and Dan discuss about their “naked lady home” that they will forever remember. Listen to today’s podcast to hear this story.Making a real difference, one person at a time.You can’t help everyone. However, you can help some. To help guarantee your long-term business treat people right and aim to keep a great word-of-mouth reputation. Mobile home investing is much easier if you actually like people, if you actually want to solve problems for others.In today’s podcast: Organizing some folks in the community to give back and help others. Dan and Katie talk about a time they went over-and-beyond for a kind-hearted grandmother. This business allows us to give back to those in need.The more problems you solve for others, the more value you may create.Give yourself grace!You will make mistakes.Your success/goal is not a sprint.You will be successful if you stay persistence and make consistent good decisions.You will inevitably make some investing mistakes, some errors larger or dumber than others. Aim to make your wins far bigger than your losses.Allow yourself the same grace and forgiveness you’d give to a loved one.Love yourself too.Mistakes are normal but remember planning and smart decisions can significantly reduce much of the risk involved with getting started investing in mobile homes.Be prudent and invest wisely.

In today’s 23-minute Mobile Home Investing Podcast episode #38 I’m honored and so proud to introduce you to Virginia-based active Mobile Home Formula investors, Verline and Samuel to the co-hosting microphone. Samuel and Verline are mobile home investors that stay persistent, work together, and overcome any obstacles in their way. After some hard work this couple profited over $30,000 on deal #1 together with John.Sam and Verline (a married couple) have been busting their butts, working smart and diligently together to build their mobile home investing business. In today’s 23-minute-long podcast we talk about what is working for Sam and Verline to overcome doubt, fear, and become a success helping local mobile home buyers and sellers.Learn from Sam and Verline’s successes and roadblocks on today’s video podcast.Disclaimer: In this article the purchase price and profit numbers are rounded. The terms mobile home and manufactured home are used interchangeably.Special thanks to Samuel and Verline for taking out time to provide us with helpful stories, lessons, and struggles and valuable tips.In this mobile home podcast episode below, John, Sam, and Verline cover:0:00 Why mobile homes?1:30 First deal without any help.5:00 3/2 hoarder house9:45 Roadblocks with the park.11:30 Helping your buyer get park approved.13:00 What repairs did you decide to do?13:50 Any surprise repair issues?16:00 Did anyone ask for an inspector?18:00 $30,000 profit!18:30 Married and investing together.20:00 Words of wisdomDoublewide mobile home 3/2A three-bedroom to bathroom double wide manufactured home inside of a park. These 3/2 types of mobile homes are very desirable in most areas around the country. In Sam and Verline’s area of Virginia this is no exception.Work required: Much of Sam and Verline’s work went into the deal before they ever closed. Learning this business, finding and attracting the seller, offers and negotiations, due diligence and more.From the pictures below you can see the mobile home already looked pretty good when it was purchased. However, the mobile home did need some repairs; junk removal, cleaning, soft spots fixed, and a bit more. The total all in cost was roughly $20,000.Various handymen removed junk and fixed the floors.After thoroughly advertising the mobile home for sale, Sam and Verline were able to attract a happy buyer able to pay $50,000 in cash for the manufactured home. That’s just over a $30,000 profit.Cash buyers around the country: Around the country many mobile home buyers have more cash now than they did 5 years ago. Buyers with $20,000 to $60,000 cash are more common than you may think, and these buyers are looking for a very good deal for their money.Working together with difficult park managersOn this website you’ll watch videos and read articles discussing situations working/dealing with difficult mobile home park managers. Difficult mobile home park managers exist because human beings are emotional, sometimes greedy, sometimes selfish, and other negative traits at certain points in our lives.Mobile home park managers can be “difficult” for various reasons:Park manager doesn’t communicate with you.Park manager is much too strict.Prejudiced in some way.Playing favorites in some way.Moving the goalpost and changing the rules.Charging ridiculous fines for made-up violations.Become argumentative or childish for no reason.Sabotaging you in various ways.Lie to potential buyers about your mobile home.Steal your potential buyers that come into the mobile home park office.Deny your potential mobile home buyers for various made-up reasons.Most mobile home park managers are normal and thoughtful individuals that just want their mobile home community to succeed.The mobile home in the pictures above and below is located inside of a spacious mobile home community located in a country setting. The residents are very friendly and there are kids playing in at playground. Everything is wonderful except the mobile home park manager is a jerk.Sam and Verline faced this difficult mobile home park manager and won.Sam, Verline, and John all worked together to get this cash-buyer approved.Hear exactly what happened and how this problem was solved on today’s podcast.Getting your mobile home investing questions solved in real-time.Mobile home investing happens 7 days per week.Although we may plan for time-off and vacations, various real estate needs may pop up unexpectedly. If you have not already done so, join a local real estate investors association, group, or club.Some real estate investing clubs are definitely more educational and have a more advanced network of investors than others. Some groups are strictly through Facebook and online, while other real estate investor groups meet in person weekly or monthly.In a shell? Come on out and network with other real estate investors like you. It’s not weird. Real estate investing is not a lone-wolf activity. At these group meetings find another investor or group of

Mobile home investing is this father’s side hustle. Dustan is married, has kids, and has a full-time job, and Dustan still finds time to make money investing in mobile homes. Watch today’s video to learn how Dustan invests in mobile homes monthly on a part-time schedule.Dustan has a mobile home investing plan that he sticks to regularly in order to attract sellers, make offers, negotiate, close, fix and resell trailer, to help others and help himself. The more mobile home sellers and buyers Dustan helps, the more his company profits.Like all of us, Dustan is still going through life and learning things regularly. As an active and successful mobile home investor Dustan is regularly going outside his comfort zone growing his business. If mobile home investing were easy, everyone would be doing it.Success takes time and commitment.Special thanks to Dustin for hopping on today’s call!Use times below to fast-forward to different parts of this mobile home investor training interview.0:00 How many deals under Dustan’s belt?1:00 Putting pressure on yourself.2:50 Investing without a partner problem.3:30 Why mobile homes?5:00 Rundown of all 5 deals so far.7:00 Becoming a landlord.8:05 100% ROI fastWhen selling a mobile home investment for ALL cash aim to resell and double your invested capital quickly. If you are looking at a mobile home investment where you will not likely double your invested capital upon resale, consider focusing more attention to your advertising and marketing to pursue more profitable future mobile home opportunities.New mobile home sellers are always needing help around you.When selling via monthly payments aim to recoup all of your invested capital back within six months, or at maximum 12 months typically. After this break-even point everything is profit. You should be collecting payments for five years minimum and around $350 minimum net mobile home cash flow monthly.Pro Tip: Mobile home investing is a lot easier if you genuinely care about people. As investors we do aim to profit, however it is only after we have genuinely helped mobile home sellers and buyers. We help others first, then we are rewarded.9:10 How bad do you want it?12:00 Beware the clowns.12:30 Very 1st deal16:00 Free mobile homesYes! You will find, attract, and come across free mobile homes. In some scenarios these free mobile homes are not even worth zero dollars. Sometimes the seller would need to pay you money to remove the junky mobile home. Don’t aim to close every deal.Many times, on our mobile home investor videos you will hear that we invest in free mobile homes. Many times, these free prices are negotiated down from a few thousand dollars or more. However occasionally the seller simply does not want the trailer and is happy to give it away for free.Assuming that the buyer can actually remove the mobile home off of the property quickly.You will only receive phone calls from sellers when people know that you exist. They must know who you are and how you can help them. You will only find and attract free mobile homes when you’re properly advertising, marketing, and better known.Pro Tip: Begin advertising and marketing with inexpensive and guerrilla-type methods. Once you start making more profit from flip or wholesale deals, immediately reinvest everything back into more advertising and mobile homes.19:30 Selling the trailers AS-IS.20:15 Removing the bad smells.22:30 Doubting your investment.25:12 Approving buyersWhen selling mobile homes for ALL cash, or wholesaling them, we are not as concerned about a cash buyers’ criminal status or job status. When selling for all cash, we’re looking for someone that actually has the cash in hand. However, if the mobile home you are selling is inside of a pre-existing mobile home park, the Park manager will almost 100% require the buyer and/or new resident to pass the parks background checks. If the mobile home “must be moved” after this purchase, then any cash buyer that has a mover lined up and land for the mobile home may purchase this mobile home from you.When selling a mobile home for monthly payments, your eyeballs should be 100% open and eagle-eyes focusing on any potential payment-buyers looking at your rent-to-own mobile home.We do NOT chase buyers. When selling on payments, aim to have multiple tenant-buyer applicants interested in the property due to the advertising and attractive terms. Let the mobile home and the attractive price or terms sell the mobile home.25:30 Manager kickbackIn conclusion, mobile home deals rarely fall into our lap as newer mobile home investors without hard work and daily effort. After you’ve built up a noticeable reputation for yourself and made hundreds of purchase offers, opportunities have a way of finding you more and more. In the beginning of your mobile home investing career the majority of your time and effort should go towards building your reputation, networking, and specific advertising and marketing daily and weekly.Mobile home inves

In today’s 60-minute Mobile Home Investing Podcast episode #37 I’m honored and so proud to introduce you to active Mobile Home Formula investor, Matt to the co-hosting microphone. In a short period of time Matt has already been able to added 20+ cash-flowing mobile homes to his long-term portfolio.Matt has been busting his butt, but also working smarter too. In today’s hour-long podcast we talk about what is working for Matt to scale his mobile home investing business so fast.Learn from Matt’s mistakes and successes on today’s video podcast below.Special Thanks to Matt for giving value to other mobile home investors he’ll likely never meet.Over Improving based on exit-strategyLike most times in life, it is good to have a plan A and Plan B. This is why we plan our “exit strategies” before we ever make any of our purchase offers to sellers. Your desired exit strategy will (or should) determine the repairs you make to your mobile home investment.Over improving the property? In these situations, the buyer is happy. This will likely take you longer to repair. You will need to make all this invested money back before you start seeing any profit. It is easy to over improve as your end-buyers may not care about the specific repairs/improvements you make. This over-improving is a direct hit to your profit margin.Under improving the property? Buyers negotiate you down on price due to repairs needed. Potential buyers turn away or may not even want to walk inside of the home. Fewer buyers will show up to view the property. Positive: You will be able to gain valuable feedback of what repairs people would like to see.Improving the property adequately for the target sales price, neighborhood & condition of home: In these situations, the buyer is happy. This strategy comes with experience and knowing what most end-buyers are looking for when purchasing a used mobile home for sale either cash or payments.Pro Tip: When reselling an investment mobile home, always disclose any repairs and issues needed on the very first advertisements when you are selling a mobile home. You do not need to waste anyone’s time, including your own, by making the home sound prettier than it really is on the online advertisement.Moral of the story: If you are selling for top dollar then there should be comparable sales to support your resale price estimation. When selling for top dollar cash then certainly do fix up the home accordingly to neighborhood standards. If reselling in an average neighborhood for cash or for rent-to-own only fix what is broken; aim not upgrade unless it is needed. Pass this savings on to your rent-to-own buyer with a lower Move-In fee required for the right buyer. While wholesaling no repairs are typically made.In the podcast episode below, John and Matt cover:0:00 Intro3:00 Sales to Bootcamp at 31.4:00 Real estate experience5:30 Who is mobile home investing for?6:10 Working for yourself.8:00 Networking with investor-friends12:20 Investing full-time now.14:00 Selling multiple deals at once.16:30 Partnering with park owners.18:40 Partnering with your brother.20:00 Why join the military at 31?22:30 Giving back.25:40 Talk about your deals26:30 Juggling 25+ mobile home deals31:00 Do this in other states?35:30 Handyman mistakes & lessons43:00 Wholesaling for cash in 5 days.54:00 Staying positive to keep grinding55:00 Wrapping it upWholesaling, Retailing, & Cash-flowQuick reminder of wholesaling, retailing, and cash flowing.Wholesaling: This method of investing in mobile homes allows you to secure a mobile home under contract. This gives you time to find a cash buyer for the mobile home. The investor typically makes money without investing any capital.Retailing: Selling mobile homes retail is exactly what it sounds like, selling for top dollar to a retail buyer that will likely be living in the home. Ideally these buyers pay cash, however sometimes bank loans may happen.Cash-flow: Any mobile home that is sold for monthly payments is typically worth much more than its “all-cash” value. Simply put, the value is higher since the seller will take payments. Selling via monthly payments allows you to collect an upfront Move-In fee from a tenant-buyer and monthly payments for 5+ years.Effort is required. Some education is very helpful. Also, knowledge about the local markets is needed to make any of these selling strategies successful.Partnering with parks to scale quickly.While helping mobile home investors around the country grow their business, we’ve seen mobile home investors partner with parks in major ways and minor ways. All of the ways listed below are still very impressive and allow you to scale faster than working on your own.✔ Partnering with a park and splitting equity in the community: This is major! This is less common. This is what Matt is doing in today’s podcast. Matt found this park owner and they both realized they could help one another out. Matt and his brother’s role are to fix up the existing mobile

Running a long-term successful mobile home investing business is almost only possible by 1.) helping countless others, 2.) having a great reputation, and 3.) regularly investing in multiple properties at one time. That last one is debatable however investing in multiple properties at once is definitely something that will happen and should happen sooner rather than later.In today’s Mobile Home Investing Podcast episode #36 we talk with active Mobile Home Formula investor Jarod from Illinois. Jarod had a rocky start after getting injured at work and only beginning to invest in mobile homes with a few thousand dollars… but with persistence Jarod is making it work.Jarod’s strategy from the beginning was a combination of wholesaling and flipping mobile homes, as well as reinvesting profits back into long-term Rent-To-Own cash flowing mobile homes. Up until now Jarod has only been investing in individual mobile homes located inside pre-existing mobile home parks locally.Jarod has now amassed enough Rent-To-Own mobile homes in his portfolio to pay for his own house’s monthly mortgage payment.Special thanks to Jarod for hopping on the microphone today and opening up his business and being vulnerable.You must not be afraid to talk to strangers, be slightly uncomfortable daily, and be willing to stay persistent daily.Mobile home investing can be tough.Mobile home investing can be uncomfortable.Mobile home investing can be scary.Mobile home investing lets you help others, while helping yourself.Mobile home investing forces you to grow and develop new skills.Mobile home investing forces you to talk to strangers regularly.Jarod has had the opportunity to give up thousands of times. Who knows what would happen if Jarod would have given up? He likely would’ve been disappointed with himself. He would certainly not have as many cash-flowing mobile homes.Instead of being comfortable and relaxed, Jarod decided to push himself to help others, help himself, and grow his mobile home investing business asap.Pro Tip: Make multiple purchase offers for each mobile home you visit. These different purchase offers may each help the mobile home seller in different ways.Now that Jarod has built up a reputation with local mobile home park managers it is easier for him to find/attract mobile home deals inside parks and around his local area. This is common and expected.Pro Tip: After a 24-month period most investors are only investing within 10 to 15 mobile home communities. However, this many parks can absolutely keep you very busy and successful as an individual mobile home flipper.Towards the end of this video above, and podcast below, Jarod mentions it is important to remember that we are in this business to help others.Jarod wrestled with the thought he was giving sellers too little money for their good-looking mobile homes. While it is certainly true that investors should purchase mobile homes at below-market-prices, each one of us should aim to work with sellers to understand their situation and best tailor multiple offers to each mobile home seller to purchase the home or help sell a seller’s unwanted mobile home.What Jarod discovered is that seller’s will typically do what’s in their best interest. This is why it is so important to ask many questions to sellers, park managers, tax offices, and buyers in order to understand the seller/home’s complete situations. Only with full knowledge and clarity are we able to make the most logical, not emotional, business decisions.Pro Tip: Aim to have 1-2 valid mobile home appointments each week with mobile homes and sellers that fit your criteria. 1-2 valid mobile home appointments will help lead to 1+ mobile home wholesale or fix/flip per month.Do not invest in skinny deals! Do not invest in mobile homes, parks, or locations that will make it difficult for you to resell each mobile home. Make sure you have a clear exit strategy: Plan A, Plan B, and Plan C for each mobile home in which you plan to wholesale or buy/sell.

In today’s 40-minute Mobile Home Investing Podcast Lesson episode #35 I’m honored and so proud to introduce you to active Mobile Home Formula investor, Isabel to the co-hosting microphone. Isabel is a military veteran, ex-police officer, loving dad, and all-around great guy.He has also been a very active part-time mobile home investor for the past 6 months.With Isabel’s police & military background, he is not one to mince words.Isabel has a great mindset, attitude and command of language when working with mobile home buyers and sellers. Isabel’s experience as a bouncer, veteran, police officer and a field training officer may be a key piece to that puzzle.Mobile home investing is a people business.You will typically have much better success if you can be likable, social, and highly motivated.As an introvert myself, you can absolutely fake it until you make it.Listen in on today’s podcast and hear how “real” Isabel is from the very beginning. Isabel’s attitude and ability to laugh at himself is incredibly disarming. You will hear what I mean after 5 minutes of listening to Isabel on today’s podcast.Mobile home investing is a people business; however, you must know today’s repair costs, realistic exit strategies, pitfalls, paperwork, procedures, next steps, screening processes, handymen, who to trust, and more. Any specific questions you have about mobile home investing never hesitate to reach out to the email address below.Special thanks to Isabel for giving so much value on today’s podcast.Keeping it REAL with mobile home sellers and buyers.One trait Isabel has possessed from the very beginning of our time working together 6 months ago, is the ability to make me believe what he is saying. Not once have I thought Isabel is a lair or exaggerator. Isabel is cool and cautious.Isabel is not a politician. His sincerity, clarity, fairness, confidence, and willingness-to-walk-away over the phone all puts sellers and buyers at more ease. With practice Isabel has become very relaxed speaking with buyers and sellers; and it shows.Tips while dealing with sellers and buyers:Understand your complete selling game plan before you call sellers.Know your buying strategies, criteria, and limits before speaking with any buyers.Seller’s respect honesty and directness. If a seller is your age or younger, speak to seller as you would a cousin. If the seller is older, be polite and treat as you would an older family-friend you’ve known since childhood.Know your boundaries with sellers and buyers.Know when you will and will not set appointments with sellers and buyers.Be confident in your ability to solve problems and get questions answered.Know your next steps before they arrive. The more clarity you can give the seller or buyer the better.In the podcast episode below John and Isabel cover:0:00 Let’s get started!2:05 Background about Isabel4:40 Purchasing Subject-to the mortgage and selling owner financing.8:35 Isabel’s Owner financing mindset.10:00 Giving the seller multiple purchase offers.12:30 Being a “no-professional”.15:05 The attitude of most active professional investors.18:20 Conditioning sellers over the phone.20:00 Chasing the slow dimes VS. the fast nickels.21:40 Dealing with sophisticated sellers.25:50 Differences between mobile home sellers VS. traditional home sellers.26:55 Wholesales & Must-Be-Moved mobile homes.27:30 Free mobile homes!29:50 Selling for cash VS. payments30:30 What scares you with mobile homes?33:25 Things you will change moving forward in your mobile home business.34:30 Dealing with sketchy mobile home sellers.37:10 Private money for your mobile home deals.38:10 Verbal clues a potential payment-buyer or renter may be trouble.Mobile home investing happens in the real-world, not so much behind a computer screen. Expect to meet 100s of new people in the next few years investing.Continue to learn, take daily action and implement new strategies to replace what is not working.Pro Tip: Aim to join a local real estate investors association club to network with other investors. Check out Meetup.com and NationalREIA.com for more details and active clubs near you.Aim to implement some of the tips and suggestions mentioned in today’s podcast into your own mobile home investing business.

In today’s 58-minute Mobile Home Investing Podcast episode #34 I’m honored and so proud to introduce you to active Mobile Home Formula investor, Beau to the co-hosting microphone. In a short period of time Beau has already massed quite a profit from his 15+ quick mobile home flips. Additionally, Beau is helping local sellers in need of immediate help and buyers that are eager to pay cash for his mobile homes.Over the last 12 months Beau, his wife, and his son have been working to build their names, portfolio, and reputations in their local mobile home investing market. In today’s podcast we talk about what is working and not working today. Learn from our mistakes on today’s video and Podcast below.Special Thanks to Beau for giving value to other mobile home investors he’ll likely never meet.Ask Yourself, “How Can You Make This Situation, Deal, Or Opportunity Work?”While looking at every mobile home that fits your criteria it is important to think about the best-case scenario, the worst-case scenario, and your top three realistic exit-strategies based on each particular mobile home opportunity. Keep in mind the repairs you make may vary depending on each exit strategy.Before passing on any mobile home investing opportunity consider asking the question, how can I make this deal realistic, win-win, and very profitable?Before passing on implementing something new in your business consider asking the question, how can I make this situation work with the smallest risk possible?Before passing on an overpriced or ugly mobile home consider asking the question, how can I make this opportunity very profitable for my budget and time?If you are now beginning to invest in mobile homes learn multiple methods of helping sellers solve title problems. Even if you currently lack much starting capital, aim to learn multiple purchasing techniques to help each mobile home seller, park manager, and park owner. Investing in senior mobile homes, mobile homes with private land, mobile homes that must-be-moved, deals where you may partner with a seller, wholesaling opportunities, rental, co-op style parks, RVs, homes at auctions and more can all be profitable when purchased correctly.At first aim to take a wide approach and speak with as many mobile home sellers that fit your criteria as possible. Ask questions and listen. Craft 2-3 purchase offers that solve your seller’s problems and allows you to invest safely.What will end up happening? While it is very important to learn various investing and problem-solving strategies within mobile home investing, eventually two or three may stand out as the easiest and most predictable at the present time in your local market.Author’s note: The newer mobile home investors I work with that have the quickest success are the most curious about mobiles, do not mind asking many questions, and do not mind being proactive daily. Asking questions allows us to learn more, allows others to see our intentions, and ideally builds rapport so you may keep reminding folks who you are and that you purchase/sell used mobile homes.Pro Tip: The more mobile home issues, seller problems, and/or title challenges you are willing to solve the less competition you will find while investing.“It’s Good Luck to Keep Trying”This saying has become Beau’s investing mantra. In today’s podcast we talk about how this mantra came to be. Beau makes a great comment during the podcast that failing is a natural part of the process. It is only when someone gives-up for the last time do they truly fail. This is something we all likely know deep-down in our hearts; however it deserves to be said again. Keep going.Author’s note: The mobile home investors I am fortunate enough to work with are, for the most part, not enormously special individuals. However, what we lack in “specialness” we each make up for in daily persistence, nervous-courage, and consistent determination to succeed.In the podcast episode below John and Beau cover:0:00 Welcome1:40 Getting started with mobile homes.3:20 When is your free time to invest?5:20 Mobile home deals completed?5:50 RV investing7:20 How has military affected you MH business?10:50 Important relationships11:20 1st time moving a mobile home.12:50 Selling everything for cash.17:10 Working with other local investors.19:20 Profiting $2,000 in 15 minutes24:40 Moving mobile homes problems27:40 Selling to investors VS. end-users31:40 Buying/Selling 12 mobiles at once38:50 Almost quitting investing40:10 Mobile Home Formula training44:00 Overview of Beau’s MHI biz44:50 Are you expanding?46:00 Finally investing Full-time!47:15 Not dealing with park managers47:45 Imposter syndrome50:00 Your suffering is not real.1:25 You have to fail.54:50 How can I make this work?In conclusion you will never learn everything you need to know about real estate investing from reading books or watching videos. While there are many ways to make money in real estate, there are countless ways to lose profits as well. Have fun and

In today’s 42-minute Mobile Home Investing Podcast episode #33 I’m honored and so proud to introduce you to active Mobile Home Formula investor, Patricia to the co-hosting microphone. In a short period of time Patricia has already gained an incredible amount of market knowledge, thicker skin, 20+ individual mobile homes cash-flowing in her portfolio, and 10+ mobile home wholesales.Over the last 2 years Patricia, her husband, and John have been working to build her name, portfolio, and reputation in her local mobile home investing market. In today’s podcast we talk about what is working and not working today. Learn from our mistakes on today’s video and Podcast below.Special Thanks to Patricia for giving value to other mobile home investors she’ll likely never meet.Becoming a 1-Stop-ShopIf you are not helping local mobile home parks, mobile home sellers, and buyers than someone else is solving their needs. As active investors we try to go the extra mile to help solve mobile home problems of local buyers and sellers, so they may move on with their lives. The more people we help, the more value we create, the more profit we earn.When dealing with sellers: It is our job as active mobile home investors to truly understand a seller’s situation, wants, and needs moving forward. In addition to making offers to purchase mobile homes you may also have to help a seller find a new home to live, hire movers, resolve title or deed issues, revolve hidden liens or tax issues, and many other unique or not-so-unique situations. This is part of the reason sellers choose to work with you.When dealing with buyers: It is our job as active mobile home investors to deal with quality buyers that are serious and have the ability to close. When dealing with buyers it may be in your best interest to insist the buyers be proactive to provide all paperwork and references you ask for in a timely manner prior to closing or leasing.When dealing with parks: It is our job as active mobile home investors to increase local park revenues, make park managers’ lives easier, and work in as many win-win ways as possible. As an active mobile home investor you may wish to add mobile homes to local communities, remove unwanted homes from the park, sell properties to these communities, repair and resell homes within the park, and/or more. The more ways in which you may help, the more valuable you may become.Genuinely caring about the well-being of buyers, sellers, park-owners, etc. may naturally help encourage you to go the extra mile when trying to solve problems and overcome challenges when helping others. Often times the folks we help have few other options or may be naïve/unsure about their situations.Pro Tip: Be willing to solve the problems/challenges that other investors are not willing to solve.Inside a 55+ age-restricted park (senior park)If a mobile home park does not allow buyers or residents under the age of 40, 45, 50, 55, 60, 65, or any other age it is obviously eliminating a certain segment of your potential buyer pool. In some areas of the country this matters, and in other areas it does not. In certain areas around the country there is a fairly steady demand from senior buyers to be in certain/specific desirable parks/communities/locations. Additionally, in certain areas/states around Fall/Spring will see large influxes of seniors moving from northern states to southern states, and vice a versa to avoid unpleasant temperatures.Author’s Note: In my older videos I have expressed a public dislike for mobile homes inside senior communities. This feeling has absolutely changed. I’ve since come to understand that some mobile homes inside senior parks can absolutely be desirable by certain buyers for the right prices/terms. However if you are just starting your mobile home investing career I would encourage you to invest within all-ages parks for your first 3-5 deals, then start weighing your options with regards to senior park homes more closely. With that said there are various safeguards you will want to try to implement to reduce headaches, holding costs, and time while reselling. These safeguards include…Truly understanding your local market and your potential buyers.Purchasing the correct mobile homes in desirable communities at the right time.Negotiating free/discounted lot rent if purchasing a mobile home directly from a park.Disclaimer: If you are under the age required to be approved to live in the community, this may or may not be a deal breaker. Based on experience, roughly 50% of senior mobile home communities around the country will work with an investor they know is underage when properly approached and befriended. This means that roughly 50% of senior mobile home parks will be willing to have you purchase and resell a mobile home within their community as long as they understand you will not be living in the home but will have a park-approved buyer purchasing the home in the very near future. With that said there is still the

In today’s 68-minute Mobile Home Investing Podcast episode #32 I’m very proud to introduce you to active California mobile home investor, Stacey. In a very short period of time Stacey has already gained an incredible amount of market knowledge, thicker skin, mobile home park contacts, and a growing network of buyers and sellers.Stacey invests in Southern California. Over the last few months Stacey has been getting a crash course in real-world mobile home investing in the southern California market. In today’s podcast we talk all about this crash course experience.Special Thanks to Stacey for coming on today’s podcast in order to give value to other mobile home investors she’ll likely never meet.Ambition & Motivation RequiredListening to Stacey it is easy to hear her high level of ambition and motivation to succeed in business and help others. I so respect that Stacey does not seem to ever make excuses for her mistakes.When Stacey and I met she had already purchased her 1st individual mobile home inside of a family style pre-existing park. When meeting Stacey she was into her first mobile home investing deal over $40,000, working 60+ hours each week in her career, and unsure of the next correct move.Stacey was learning with the familiar “Trial and Error” method.This Trial and Error Method is how so many of us mobile home investors slowly learn and begin building our investing businesses. It is a normal, costly, stressful, confusing, and lengthy way to learn most new hobbies, skills, or businesses.We each do the best we can with the limited knowledge and experience we have at the time. We all don’t know, what we don’t know.In today’s podcast episode Stacey teaches us how she lost time and over $20,000 on her first unassisted mobile home investment. Stacey candidly discusses many of these initial mistakes made on her first deal so we all can learn and grow. Hear how Stacey overcame many of these obstacles and what she will/won’t ever do again in her mobile home investing business.A Few BIG Steps Moving Forward Each DayMobile home investing is not magic. Whether you want to wholesale, fix & flip, sell on payments, or rent mobile homes for profit, there are only a certain number of steps to complete. Along your journey there are many distractions to watch out for.Everyday each of us has a limited amount of time we may grow our businesses, network with others, outsource activities, and take specific actions towards our mobile home goals. Depending on your free time and goals you may want to absolutely be committing to 20 hours, 30 hours or more per week dedicated to your mobile home investing business.In every podcast episode and case study video on this website there is a theme. Hard work and daily action. Specific hard work and specific daily action taken again and again to grow your mobile home investing business.Deals 2, 3, 4…Stacey has busted-her-butt to make a reputation and name for herself within local communities in the Southern California market already. Stacey is pushing past her first mobile home deal full-of-mistakes, to succeed in her second, third, and fourth mobile homes moving forward.Keep up the great work Stacey! There are so many more homes to see and people to help.California Investing VS. Other StatesYes! There are motivated sellers and profitable mobile homes to invest within in the great state of California. There are very PROFITABLE mobile homes to purchase, resell, broker, or wholesale.Yes! When you don’t know what you are doing it is very possible to LOSE money with mobile homes in ANY state. Today’s podcast is mainly about Stacey’s first mobile home deal that she admittedly should never have purchased as an investor. Learn from Stacey and don’t repeat these same mistakes.True: Many areas of California (and other metro areas across the country) there are cash buyers waiting for a mobile home to purchase all cash. Prices for many mobile homes are rising when you buy and resell.True: In many areas of California (and other areas across the country) there are reasons and mobile homes you should NOT purchase as an investment even at a $100 price.True: Mobile home parks across the country will vary in the park’s wants, owners, greed, rules, restrictions, application process, fees, future potential, cleanliness, demand, supply, etc.True: Many attractive mobile home opportunities will sell to the first or second mobile home buyers that come along. You’ll likely never know about these opportunities when you’re only looking online and/or have little reputation.True: As an active mobile home investor, you’ll likely need to move fast (contract to close within days of meeting) when you see/create a win-win opportunity with a seller.False: There are no good deals in California.False: All mobile home park managers won’t work with investors.As Stacey points out in today’s Podcast, every investor should know his/her market prior to making any purchase offers to any mobile home seller. Always use

In today’s mobile home investing podcast episode #31 I’m super excited to share another active mobile home investor named Drew. Drew’s in the Midwest and in a short period of time has already flipped multiple mobile homes for profit. Drew is helping one park and one family at a time.So far Drew has invested solely in mobile homes inside of pre-existing mobile home parks. Drew has goals to purchase more mobile homes with land this year.In today’s 45-minute podcast we discuss Drew’s scariest deal while mobile home investing, and a deal that made him extra-happy while flipping mobile homes.We encourage you to learn from our mistakes. Today’s podcast is packed with Pro Tips and actionable steps to implement into your business sooner rather than later.A Very Special Thanks to Drew for being so candid on today’s podcast episode. Listen below to just hear how Drew’s confidence has changed so much since the beginning of the mobile home investing journey. Keep it up, Drew!In this mobile home investing podcast episode below, John and Drew cover:1:25 Did you have any real estate experience before getting started with mobile homes?1:38 What is 1 thing you were fearful about when first getting started?2:38 Have all your mobile home deals been profitable?2:45 Sold for cash or payments?3:20 Is it easier to sell 3 bedrooms or 2 bedrooms for cash?3:40 Are you mainly buying from mobile home parks or owner occupants?4:00 Do you have good relationships with park managers?5:50 Do any park managers want to see the insides of your homes after you repair them?6:50 What was one of your scariest deals?18:15 Did you have backup handymen in case one failed?21:15 Was that scary mobile home deal very profitable?29:20 What is a happy mobile home deal you’ve had?39:20 Are all your payment-buyers on-time and happy with their purchases?41:40 Any advice for other mobile home investors?

In today’s Mobile Home Investing Lesson Podcast episode #30, I’m proud to welcome part-time mobile home investor and part-time single-family home investor, Garrett.Garrett grew up around single-family home investing however is relatively new to the mobile home investing world. However, in a relatively short period of time Garrett is already building a local reputation for himself with park managers, owners, buyers, and sellers nearby.In today’s quick 36-minute podcast listen in to a nightmare mobile home investing story from active mobile home investor, Garrett. Hear as Garrett speaks candidly about this particularly interesting mobile home deal, the awful park manager getting in the way of reselling, and what we did to overcome the situation successfully.A special Thank you to Garrett for opening up his business on today’s Podcast.In the podcast episode below John and Garrett cover: (Times to fast-forward if needed, however maybe listen to the whole thing.)0:51 Was this mobile home your very first deal?2:40 What has been your past real estate investing history and career?3:45 Let’s talk about finding your first mobile home deal.6:40 Purchasing a clean 2/1 mobile home in a family park for $3,000.8:20 What repairs where needed?8:45 Marketing and trying to resell the mobile home at first.9:30 The trouble begins.15:00 Were there any clues ignored when you initially met the park manager?16:20 A blessing in disguise.17:10 The potential tenant-buyers were all hearing lies.18:40 Did the park manager offer any help to us at all?24:30 Moving the mobile home to a different friendly mobile home park.25:30 Did this new mobile home park owner offer any move-in incentives to help you pay for moving costs?27:25 Who ended up purchasing your investment mobile home via monthly payments?29:00 Do you plan to continue to invest within the new mobile home park?30:30 Are you moving more mobile homes currently?31:00 How long after you move-in a mobile home to this park will it usually be connected to utilities, repaired, and on the market for resale?33:45 Are you planning on renting or reselling this newer mobile home for monthly payments? Why?33:50 Any last advice for mobile home investors dealing with an awful mobile home park manager?Spectrum of park managersMobile home park managers are human beings. Most mobile home park managers will fall somewhere on the “normal side” of most social personality traits. However, a very small handful of mobile home park managers will have extreme-tendencies and extreme personality traits that may make it very difficult to work with as an active mobile home investor.In the podcast episode #30 below, we hear about a mobile home park manager that consistently manipulate situations, cries victim, and lies directly to Garrett’s face and over the phone. This park manager has no problem lying to Garrett, Garrett’s potential buyers, other sellers in the community, and seemingly anyone else for personal gain.Building relationships with many, many, many additional park owners & managersIn the podcast #30 below we discuss that Garrett had an exit strategy if the mobile home could not remain in the current location. This exit strategy takes the form of transporting Garrett’s mobile home into a competitor’s investor-friendly mobile home park.In the podcast episode below Garrett discusses that this new mobile home park owner helped pay $1,500 towards Garrett’s transportation costs.Pro Tip: Aim to learn which mobile home parks have different move-in incentives and age/exterior/size criteria before you potentially have a mobile home you may need to move into a community.How to help weed-out malicious and sneaky mobile home park managers?In the audio podcast #30 below, Garrett does a great job meeting with the park manager many times before he figures out, she is deliberately and consistently lying directly to him and his potential buyers. The park manager is likely doing this to sabotage Garrett’s chances of selling his mobile home and hoping Garrett would simply abandon the mobile home and give it directly to the park or manager.Use the ways below to help learn about each mobile home park & the park managers better…Meet each park manager multiple times to help confirm similar attitude and demeanor each time you meet. Consistency is good.Check Google reviews and Yelp for reviews.Ask multiple sellers and/or residents about park safety, how rules are enforcement, park flooding problems, and [the main question] about park manager issues or troubles.

In today’s Mobile Home Investing Lesson Podcast episode #29, I’m proud to welcome back to the show a mobile home investor and brand-new restaurant owner, Robin. In today’s 43-minute podcast episode we discuss how, where, and why Robin was able to sell 13+ of her mobile home notes to fund a dream restaurant.Robin is gracious enough to share what she has learned assigning her mobile home notes and growing her business moving forward. Learn from our mistakes and successes when it comes to helping sellers, buyers, and creating value with local mobile homes.In this mobile home investing podcast episode below, we cover:1:06 Why are you on today’s podcast?2:20 How much capital did you need to raise to make your dream restaurant a reality?4:40 How did you find your note buyer?8:03 Finding more homes for this note buyer moving forward.8:50 Personally guaranteeing for the first 6 months.11:04 Thinking outside the box.12:50 Are you worried about this note buyer purchasing future mobile homes in parks you’re already inside of?17:00 What due diligence did the note buyer perform on you and the homes prior to purchasing the notes?20:14 How did the note buyer actually take control of these notes and payments?20:40 Did you get any push-back from your existing tenant-buyers?20:38 Did you guarantee the note payments to the note buyer?25:30 Did your mobile home note buyer have to get approved in the mobile home parks your homes were inside of?30:40 How much did you discount each note to the note buyer?35:05 Know your worst-case scenarios.A special Thank You to Robin for sharing her story and journey with us.Throughout today’s podcast we are really not discussing Robin’s acquisition techniques, profit figures, repair costs, management concerns, etc. We are mainly discussing selling the mobile home notes you worked hard to obtain. Below are some bullet points from the podcast episode below.NegotiatingIn today’s podcast episode Robin admits it took multiple phone calls with the note buyer before arriving at a win-win purchase contract. This is not uncommon when dealing with logical and rational note buyers that wants to do their due diligence and understand just what they are buying.Although Robin very much wanted this note buyer to purchase her mobile home notes, there were a few times she was quick to negotiate for the best deal. These times include what price to sell each note, guarantees made after the sale, closing dates, and more.Guaranteed mobile home payments and default.There are no cookie-cutter type situations when it comes to most real estate investments. This author has been apart of deals where the note buyers purchased only partial note payments, or the first 20 note payments only, or a specific dollar amount of the note (at which point the note payments revert back to the original investor or someone else). Likewise, there are no cookie-cutter guarantees unless we make them this way.In the podcast below, once Robin’s note buyer took possession of these notes, Robin agreed to:✔ 3 months guarantee that all the payments would arrive on-time to the note buyer for the first three months. If these payments were not made by the tenant-buyers, Robin would make these payments to the note buyer herself.✔ 6 months guarantee that Robin would also assist the note buyer with filling any vacant mobile home, should they become vacant again or were currently vacant.Since 2 of the mobile homes were empty at the time of sale, this guarantee helps make the note buyer feel more comfortable and protected while the homes are filled and notes are seasoning with low-risk payment buyers.Selling future mobile homes to your note buyer.In today’s podcast Robin negotiates purchasing future mobile homes for this note buyer for a fee. These negotiations should end with a win-win arrangement both parties are happy with, however you should especially be happy as the investor doing most of the legwork/action. Robin’s example is a great reminder to continually be asking, how we may help the buyers, sellers, other investors, Realtors, park managers, etc that we come across daily.Due diligence from the note buyer.Robin discusses that the note buyer wanted to view her state ID, license, previous closing paperwork and more. The note buyer also wanted to inspect the properties once a purchase contract was drawn up and earnest money deposit. The note buyer would not have been interested to perform his due diligence unless his projected ROI wasn’t substantial.Pro Tip: Whether you are the note buyer or note seller, if unsure of your next actions, obtain the help of a real estate attorney in your area when selling/buying notes.Due diligence from the mobile home investor.Robin was eager to get this deal closed. With that said she did not want to waste any time with someone that was not serious. Once a price was agreed upon Robin requested a Purchase and Sale Contract be signed and earnest money of $10,000 be deposited quickly. Once this was done Robin felt mu

In today’s Mobile Home Investing Lesson Podcast episode #28, I’m proud to welcome active mobile home investor Mohammad to the co-hosting microphone. In today’s 50-minute podcast episode we dive deep into examples both real and hypothetical when it comes dealing with liens and loans on mobile home titles. Learn from our mistakes and successes when it comes to helping sellers and profiting with mobile homes that have current or outstanding liens.I am super proud of everything Mo has accomplished in such a short period of time. Mo has already been able to help multiple mobile home sellers, buyers, park managers and owners in his local area. Mo has no plans of slowing down.A Special Thanks to Mo for opening up his business and being so candid on today’s podcast to help other investors he’ll never meet.Disclaimer: You may have to rewind this podcast a few times to understand everything. During today’s podcast we jump into some real and hypothetical examples seen in the real world. Some of us are visual learners so the fact that we are not able to see anything on the podcast may make it a bit confusing for you to absorb 100% of everything the first time you listen. Don’t hesitate to rewind and make sure you understand things clearly. If you have any follow-up questions never hesitate to comment below or email me directly.In the podcast episode below, John and Mo cover:3:05 Hidden liens with a mobile home on private land story8:13 Mo’s 3 take-away lessons from the Hidden lien story10:00 Mo’s mobile home lien story and how he overcame hurdles to close successfully.17:47 Removing a lien from a closed bank on a Texas Title (SOL)24:52 Liens remaining on Titles without the owner’s knowledge.27:01 Caring for your seller more than the deal.28:42 Discussing a hypothetical situation if the mobile home’s lien was not truly satisfied and moving forward.30:12 Discussing paying off different mobile home lien scenarios.43:30 Discussing a hypothetical situation where getting clear title was not possible.48:48 Discussing some selling strategies and prices for Mo’s properties.How to deal with liens in real life while investing in mobile homes?Let’s face it, if you are investing in mobile homes then you will eventually run into a mobile home where the seller still owes money on the mobile home. This may happen to you sooner than later.✔ A. Understand who holds the loan: Sometimes the seller may be owner financing the home from the previous owner, or directly from the mobile home park, or from a local financing company, or nationwide financing company, or bank, or even a family member or friend. Some of these lenders are more friendly, flexible, organized, and/or forgiving than others.✔ B. Understand the realistic resale potential: It is important to first know your local market and what buyers are paying for mobile homes both cash and with a down payment and monthly payments. You want to know your realistic exit strategies because it is important to give every seller educated and realistic solutions that help them moving forward. Does the seller owe more money than the home is worth? Are you able to make a purchase offer or offers on this home? Can you give the seller additional information they may be able to use to sell the home themselves if you are not interested?✔ C. Things you also want to verify, but we are not talking about on this lesson: Repairs, age, ownership, local supply, time vacant, foundation, time of the year, park policies, condition, application criteria, demand, etc.✔ D. Understand how much the seller has left to pay off: Do the sellers owe over $30,000 on their mobile home? Under $30,000? Under $20,000? Under $10,000?Do you have the cash to pay off this seller’s loan?Yes. I have the cash to pay off the seller’s loan.In these situations, it is important to…✔ Call the seller’s lender on a three-way phone conversation or using an Authorization to Release Mortgage Information form to allow you to ask questions about the protocol after you are able to pay off the seller’s lien. Will there be a new title printed and mailed? With the seller’s permission can this title(s) be mailed to your business address? Will there be an electronic notice sent to the state there by allowing the seller to have a new title printed immediately? What will be the turnaround time after the loan payoff be? Additionally, you also want to find out the payoff total and any fees associated with this process. Ask if there is any way to expedite this process.✔ Now that you understand the seller’s payoff numbers, you also know how much money you will be paying to the seller on top of this loan payoff total, if any. Perhaps you are not paying the seller any extra capital, or perhaps you are paying a few thousand dollars.✔ It is important to mention that by this time you should be park approved if this home is located inside of a pre-existing mobile home community, and you should also know very clearly what you are buying with regards to the condi

In today’s Mobile Home Investing Podcast episode #27, I’m very proud to welcome active mobile home investor George to the co-hosting microphone. In today’s 34-minute podcast episode we dive into a few of George’s mobile home deals, helpful tips, and what to do when dealing with a park that forbids you to resell for monthly payments.I am super proud of everything George has accomplished in such a short period of time. In only 18 months George has already been able to help multiple families purchase safe manufactured homes that they otherwise would not have been able to own so quickly. These buyers pay George every month to one-day own their manufactured homes free-and-clear in the future.Special thank you to George for being so candid in today’s Podcast in order to help other investors he’ll likely never know.What would you do? Scenario #1 (Podcast topic)Main Objection: The mobile home park manager is happy to have you in the community investing/rehabbing individual mobile homes. However the manager requests you sell any mobile home to an all-cash or bank financed buyer. No seller financing allowed in this park.The possible deal: 1999 single-wide manufactured home inside of a preexisting park. Negotiated price $3,000. Rehab costs under $5,000. Lot rent less than $600/mo. Resale value via all-cash $30,000+. Resale value via monthly payments $50,000+.What would you do?✔ A. Pass on the opportunity. This is absolutely your safest option. However if experienced, this may not be the best path forward if there is significant value to be created by helping the seller and a buyer. Do pass if this deal is your first mobile home investment.✔ B. Sell to an all-cash or bank financed buyer. This may be wise. In George’s audio Podcast below, he mentions that this particularly by-the-book mobile home park manager kept denying his all-cash buyers. This prompted George to then agree to sell to a payment-buyer as described below.✔ C. Sell to a low-risk monthly-payment buyer under the park’s radar. This may be wise if experienced and selling for cash is not a profitable option. There are certainly do’s and don’ts if you plan to not completely adhere to the park’s rules. Listen to the audio Podcast #27 below for a detailed explanation of what this may look like in your business. The Risk? If the park manager were to find out that you are selling via payments, he/she may: 1.) ask you to remove the lien from the Title (likely), 2.) change his/her mind and allow you to sell via payments (less likely), or 3.) begin the process to evict you and the home. Eviction is less likely as the tenant-buyers are paying lot rent on-time and the manager may not want to disrupt that regular payment. Additionally, eviction is not very likely in this situation unless the park specifically wants this mobile home for themselves or feels vindictive and is punishing you.In the audio Podcast episode below John and George cover: 2:13 How long have you been investing in mobile homes?2:49 Tell us about your least profitable mobile home investment to date?4:24 How long did this deal take to sell to low-risk end-users? Why?5:49 How long have your other mobile homes taken to sell to low-risk end-users?6:25 Tell us about your most profitable mobile home investment to date?7:15 Why would a seller sell to you for $3,000 versus selling to someone else for $45,000?11:24 How’s your experience been selling via payments inside parks that don’t want you to sell via payments?17:04 What size down payments did you collect on both of these mobile homes?17:51 Who pays the park each month for the lot rent?19:15 Did the park manager need to see proof the home has been sold? What proof?23:01 Have all your monthly payment tenant-buyers been paying on-time to date?23:16 What is your protocol if you take one of these mobile homes back in this strict park?24:42 Sometimes bad things happen to good people.28:16 How many parks will not allow seller held financing or liens within their walls?29:14 George discusses his mindset when helping families own homes, they would not otherwise be able to afford.32:25 What advice would you give to other investors looking to build cash-flow?What would you do? Scenario #2 (video topic)Main Objection: The mobile home park manager does not want any investors in the mobile home community, period.The possible deal: 1999 single-wide manufactured home inside a preexisting park. Negotiated price $3,000. Rehab costs under $5,000. Lot rent under $600/mo. Resale value via all-cash $30,000+. Resale value via monthly payments $50,000+.What would you do?✔ A. Pass on the opportunity. This may be wise if new or experienced.✔ B. Wholesale or broker the mobile home for a $2,000-$10,000 profit. This may be wise if experienced. Possibly wholesale or bird-dog this opportunity to another investor or end-user. Only arrange a brokering-type-situation with a seller if you are a licensed broker within the state. Ideally you know local mobile home prices and what cash-buye

In today’s Mobile Home Investing Podcast episode #26, I’m very happy to welcome active mobile home investor Ryan to the co-hosting microphone. In today’s 54-minute podcast episode we dive into example after example when it comes to rushing into mobile home investing opportunities and deals too quickly. Learn from our mistakes rushing into working with shady mobile home sellers, handymen, high-risk tenant-buyers, purchase offers, closings, and unseen repairs.I am super proud of everything Ryan has accomplished in such a short period of time. Ryan has already been able to help multiple mobile home buyers, park owners, and mobile home sellers. This is only the beginning. Special thank you to Ryan for opening up his business for this podcast to help other investors he’ll likely never meet.Rushing into mobile home deals, purchase offers, and closings.At first thought this may be what most investors think of when rushing into deals. In reality it may not be until days or weeks after you purchase an investment property that you realize the mistakes, oversights, or errors that were made. Perhaps there is an unseen ownership/titling issue, overpaid purchase price or terms, unseen repairs/damages, park location or management issue, state issue, etc. Rushing into a real estate deal and closing too quickly may develop from an investor…Investing mainly with emotions instead of logic.Not truly understanding your local numbers and/or local supply and demand.Having an exit strategy not based in reality.Having uncertainty with regards to your purchase and sales process/paperwork.Not completing a checklist or due diligence process that ensures you know what you are buying, making proper repairs, understanding the park criteria or land, location, and your very realistic exit strategy.Pro Tip: It may be helpful to seek out the experience and help from other more experienced investors. Look for local or nationwide experienced investors to ask questions and get real-time advice from. Remember trial and error may be an expensive teacher.In the mobile home investing podcast episode below John and Ryan cover: 1:05 Ryan’s quick mobile home investing bio.1:50 Which mobile homes did Ryan buy too quickly and why?3:20 Different due diligence checklists depending on which type of mobile homes and/or if land is included.4:23 Analysis of paralysis.5:39 Purchasing a mobile home on private land creatively with a hidden lien.8:30 The penalty for being cheap.11:29 Investing with too many emotions.12:40 Buying a $4,000 3/2 mobile home inside a park and overpaying. (Deal #1)15:30 Making repairs and becoming stressed.16:33 Selling to high-risk buyers in a hurry.18:30 Reselling to a low-risk buyer for long-term cash flow.20:28 What would Ryan say to the past version of himself to slow down?24:12 What reasons did the first buyers fail?26:30 Who’s responsible for defaulted tenants or tenant-buyers?27:40 100% default rates for first 4 years.28:10 What traits help make a low-risk qualified tenant-buyer?31:39 Taking time to screen tenants and tenant-buyers.35:07 Rushing into paying sellers for their mobile homes. (Deal #3 and #5)39:00 What steps Ryan will do differently moving forward?42:51 A crash course in human nature.44:05 The best ways to learn and avoid mistakes moving forward?46:33 When sellers mislead and lie, we investors typically lose money.49:47 Each day brings new things and opportunities when you stay very active.51:32 Following checklists and policies help keep emotions out of your investing business decisions.53:02 What are Ryan’s mobile home investing goals for the next few months?Rushing into selling to unqualified tenants and/or tenant-buyers.In today’s podcast Ryan mentions this type of rushing (selling to unqualified tenant-buyers) may be the most painful and longest lasting common mistake. One or two unforeseen repairs may be corrected and typically overcome quickly; however a problem resident or tenant-buyer may be a consistent headache for months or years to come.There are so many things to consider while aim to avoid unqualified tenants that this article and podcast will not discuss when it comes to rushing into selling and dealing with potential high-risk applicants. We mention these topics and questions below to help make sure you have clarity in these areas moving forward. If you are unsure, ask question. When selling and/or renting mobile homes consider…Thoroughly vetting and screening all adult applicants for your investment property. (This should be the first three bullet points it is this important.)Selling for the appropriately profitable win-win price and terms.Eventually outsourcing repetitive tasks while buying and selling.Proper legal paperwork while selling.What paperwork is needed from/to the mobile home park if applicable?The ability to explain things clearly to all parties.Choosing a closing location.Additional instructions for the tenants moving forward.Collecting payments and managementRushing into working wit

In today’s Mobile Home Investing Podcast episode #25, I’m happy to welcome active mobile home investor Luis to the co-hosting microphone. This young investor already has a decent portfolio of mobile home properties under his belt and monthly cash-flow from happy payment-buyers. These successes and lessons have only come from Luis’s daily effort, asking questions regularly, and hard work. He has now become a local go-to mobile home authority in his local market. In the podcast below you’ll hear how he’s focusing on creating cash-flow with his mobile home investments rather than selling for all-cash.In the 48-minute podcast and video below we discuss past deals, learning-lessons, tips and pitfalls Luis has experienced along his journey from newbie to semi-experienced investor building his mobile home cash-flow portfolio.In this mobile home podcast episode below (at the bottom & above) John and Luis cover: 1:50 What type of real estate investing do you find more stressful?3:31 How long to get in/out of your 1st mobile home deal?5:26 Let’s discuss a recent deal.5:50 Knowing your transaction numbers and statistic inside and out.7:25 Paying $2,450 for a 2/1 mobile home.11:33 Paying local mobile home park managers a finder's fee.12:40 Do local park managers like or dislike working with you?13:22 Are you seeing local competition at local parks or with mobile home sellers?15:39 How many different mobile home parks are you involved within?16:01 How many hours do you invest per day?18:19 How and why do you collect monthly payments the way you do?21:48 Do you buy for cash or payments?24:17 Do you hold insurance on your mobile home properties?27:41 How much do you fix up each mobile home prior to reselling for cash or payments?28:50 Do you give your buyers any home-warranty when selling?29:29 What is your average Move-In fee from payment buyers?32:12 Can you explain what it’s like working with your buyers?37:50 Lesson #142:39 Lesson #243:03 Lesson #3Bonus mobile home video with Luis In the video below Luis walks us through a recent acquisition and quick flip. This smaller 1/1 built in the 1970s sold in less than 48 hours as it was being repaired. Luis was able to instantly add value by improving the property and sell via monthly payments to a happy and qualified end-user. In this video we briefly cover some of the numbers in this 1/1 mobile home investment.Something that has always impressed me about Luis is that he is dependable and does what he says. If he is not able to complete something on schedule, he communicates that as well. This is a great quality to improve while actively dealing with mobile home buyers, sellers, other investors, other professionals, owners, parks and more.In conclusion every mobile home is a unique property. Every mobile home seller and buyer is typically in a unique situation. There are typically no cookie-cutter approaches or purchase offers to make with mobile home sellers. It is best to fully understand exactly what you are making an offer on, buying, who you are working with, and the correct steps needed to safely move forward in any win-win transactions.

In today’s Mobile Home Investing Podcast episode #24, I’m proud to welcome active mobile home investor Frank to the co-hosting microphone. Frank is a young investor with a bright future in real estate. Frank has been investing in mobiles for only a few months and already secured his first few investments mobile homes. He is focusing on creating cash-flow with his mobile homes rather than selling for all-cash at a discount.In Frank’s local area he went from virtually being an unknown investor to now helping a small handful of community managers. Without Frank’s daily effort and action to push outside of his comfort-zone in order to help others and grow his local portfolio of properties he would still be virtually unknown when it comes to his local mobile home market. For this reason, the credit for Frank’s success goes to Frank, and to every other investor that makes a success for themselves. Keep up the daily effort.In the 41-minute podcast and separate 15-minute video below we discuss some of the attractive points and gross details of Frank’s 1st mobile home transaction inside a park. We also discuss a great hidden source of quality and trustworthy mobile home handy people.In the audio mobile home investing podcast episode below (at the bottom) John and Frank cover: 1:51 What do you do outside of mobile home investing?2:52 Why mobile homes?5:30 Becoming a licensed Realtor and advice.7:48 $11,000 real estate training?10:09 Can you discuss how you found your 1st deal inside a park?11:38 What price did you pay for the home?15:23 What repairs were made to this first mobile home?18:23 Listening to advice from handyman/contractor without mobile home experience?18:53 Did this first handyman turn out well?19:13 What specific lessons did you learn with this handyman?22:31 Repair costs? Over-repair costs?25:28 Sold price/terms?20:46 What happened soon after closing?26:27 How did these first buyers react to this situation?29:32 Selling to buyers #229:51 Adding value to people’s lives for a win-win business.31:21 Leaky roof – who repaired this?33:49 Speaking with your buyers/renters about extra work they could use if they are mobile some handy.34:48 Tips while working with your buyers as handymen & handywomen.36:24 Protecting yourself37:38 What advice would you give your younger self?Something that has always impressed me about Frank is that he rarely makes excuses. This is an amazing quality to have. It allows for almost immediate corrected action towards a future goal.Mobile home investing is a crash-course in people skills. Be willing to change and grow.In the video above Frank is awesome enough to allow us to point out a vulnerability many of us have as human beings and mobile home investors. As real estate investors most of us do not want to appear foolish to others more experienced than ourselves. As a newer real estate investor or mobile home investor you will naturally have an almost unending number of questions, clarifications, and concerns. This is a good thing and to be expected if taking daily action and looking at mobile homes/seller regularly.DO care about losing money and losing time.DO care about how you treat and follow-up with others.DO care about how much action you are taking every day.DO care about always having clarity.Do NOT care about asking too many questions.Do NOT care about looking silly for asking too many questions.Do NOT care about writing questions/confusions down now and asking what these questions/confusions mean later.Do NOT care about spending the time needed to gain clarity to your questions and any opportunities in front of you.Paying your current buyers to repair/clean your future mobile homes.Selling via structured payments or renting? If you choose to sell a mobile home via monthly payments, then you will be establishing a long-term relationship with buyers for many months or years to come. For this reason, it is critically important to thoroughly vet and screen any potential adult applicant wishing to move into one of your mobile home properties. This background check should ideally include information such as credit history, eviction background, criminal searches, job verification, landlord checks, proof of income, and much more. Also, a prudent mobile home investor will aim to understand if your payment-buyers or renters have any handy abilities when it comes to mobile homes.If so, what are they able to fix around a mobile home?Do these buyers/renters have experience? Plumbing? Electrical?Are these buyers or renters able to paint?Remove junk and clean?Are these buyers or renters looking to make extra money?Could this be a win-win relationship?Pro Tip: Aim to keep separate money-trails between investor and handyman/payment-buyer. It can be very tempting to simply credit or discount future monthly home payments to your handyman/payment buyer(s) VS paying them directly for labor preformed. Example: Aim to pay your handyman/payment-buyer with one check for repairs. Then allo

In today’s Mobile Home Investing Podcast episode #23 we’re talking to active mobile home investor Chris about his positive and negative roofing experience. From the very beginning Chris has asked questions and taken action daily to help others and make a name for himself in his local market. In less than 2 years Chris has helped over 18 sellers move-on with their lives, and 18 buyers find homes to own. Some of these 18 mobile home roofs were weak, older, and not as safe as Chris would like before reselling his properties. In today’s 33-minute podcast we’ll talk about some of these common repairs and tips for your own mobile home investing business.Some reasons Chris will tackle roof problems and pay for a new roof to be placed over the existing one:Lower purchase price of subject mobile home.Low competition if mobile home roof is moderately or severely damaged.Access to more leads.Chris knows his buyers will be paying him for 5+ years of cash-flow. Chris wants his tenant-buyers to be safe and happy while paying full-price for his mobile home over time.More interested buyer and higher sales price.In this mobile home investor episode John and Chris cover:1:50 Quick background and Chris’s opinion on dealing with roof issues.4:01 At what point of repairs do you completely redo the roof?7:00 What condition do you find some mobile homes at with roof issues?8:34 Tips for roof inspection.10:43 Types of mobile home roofs.11:24 Podcast intermission13:10 Some roofing repairs14:45 Chris’s experience with roof repair materials17:50 Chris describes his process to add a metal roof over an existing roof.19:05 Selling a home and dealing with roofing repairs.22:35 Chris’s creative fix to solve a tenant-buyer’s roof trouble.23:40 Have you ever fallen through any roofs?25:40 Do you used licensed and/or insured roofers in town?28:06 Considering your exit strategy while investing.29:03 Purchasing homes at a discount.30:45 Chris’s experience dealing with mobile home shingle roofs.32:34 Advice for other mobile home investors.Step 1: Identify your situation (for investors)A. You already own the mobile home and it’s filled with a buyer/renter: If you are currently the mobile home homeowner then it is wise to use your insurance to help fix any serious roof and ceiling issues. If insurance is not available, then a decision must be made to:Use your own money to fix the roof issue (if insurance proceeds are not available).Borrow money to fix the roof issue.Depending on your paperwork it may be the buyer’s responsibility to fix any roof issues. If so, aim to check-in regularly on your buyers if they are planning to fix the roof issues themselves or are using a local contractor.Consider a win-win approach to working with your tenant-buyers already living in the mobile home and paying you monthly. As described in today’s podcast episode Chris offered his tenant-buyers to make him monthly payments for the cost of the new mobile home roof he installed. Over time Chris makes a profit on his energy and the roof repair.If your buyer owns the home and is paying you monthly, consider checking with your local state’s government for housing repair assistance programs for lower income individuals in which your tenant-buyers may apply.Leave the issue alone and live with the problem. In this scenario the problem likely only gets worse for you and the resident.If the home is vacant and you do not want to make repairs, you may try to resell the mobile home in “As-Is” condition. Aim to disclose all needed repairs to your new buyers.B. You’re under contract the purchase the home: If you have already agreed to a price/term with your mobile home seller before the roof repairs were discovered then a decision must be made to:Back out of the mobile home deal with the seller.Ask for a lowered price due to the new repairs just discovered. This method is ideal.Ask the seller to pay for the problem fixed by a licensed roofer. This is not as likely due to the seller needing to sell in the first place, therefore the seller’s money for repairs may be limited/gone. Additionally, as active mobile home investors we aim to be one-stop-shops for sellers with problems.Proceed forward with the sale as agreed and purchase the mobile home in As-Is condition.C. (Most likely) Looking at home before making a purchase offer: As an active mobile home investor this is the most common scenario you will witness/evaluate ceiling concerns and structural roof problems. Remember to…Inside the mobile home lift up ceiling panels (if possible) to feel for wetness. Bring a flashlight to look for mold, wood rot, and mildew.While inspecting the investment mobile home aim to always look for ceiling leaks in every area of the home. Bring a flashlight to look in closet corners and dark rooms.It can be wise to visit a mobile home you are considering buying after a local rainstorm.Make sure to push walls from the inside of the home to check for wobbliness where vertical wall studs fail to join the

In today’s Mobile Home Investing Podcast episode #22, we’re talking with active mobile home investors Robin and Mike about mistakes and successes experienced while investing in 6 mobile homes in less than 10 months. These investors are making a name for themselves with local parks, owners, movers and sellers in their area. It should be mentioned that these particular few mobile home investments were not the easiest deals to begin with; for example, Robin and Mike transported 2 mobile homes, purchased a complete rehab, and invested in 2 one-bedroom mobile homes. These investors packed an average 6 months of deals and lessons into under 10 weeks. They share their experiences with you today.Today’s episode is packed with stores and examples of what to do and never do again. While listening, aim to imagine yourself in Robin/David’s shoes. Feel how these situations applies to you and your local investing business. Special thanks to Mike and Robin for coming on the microphone and opening up their hearts, emotions, and cash-flow business on this content packed 61-minute podcast.Disclaimer: Mike and Robin’s ambition and determination is not super-rare, but it is fairly uncommon. This business takes determination, dedication and ambition in ample amounts. Successful real estate investors are the long-term investors that have always lifted themselves up past every failure to get to where they are. It is too easy to give up, keep pushing forward.In this mobile home investing episode, we cover:1:54 How long have you been investing in mobile homes?3:02 Supporting each other and being team players.4:14 Tip #16:56 You may want 2 or 1 bedrooms.10:35 What are the differences between the two 1-bedrooms you purchased and sold?13:10 Tip #214:04 Contractor nightmare #114:56 Contractor nightmare #218:37 John's Tips when working with contractors and handymen.20:50 Mike's Tips when working with contractors and handymen.33:01 Tip #336:19 Were all these mobile home deals profitable and valuable?40:55 Crash course in mobile home rehabbing.42:30 Focusing on "the Why".43:30 Are your buyers and park managers all happy?44:00 Have you transported mobile homes into parks yet?48:08 Transporting a mobile home on your first deal?52:20 Tip #453:26 Tip #555:00 Educating your buyers.57:53 Good cop, Bad cop58:30 Should you text message your tenant-buyers?Empowering Mobile Home BuyersAs mobile home investors you change lives. We can empower our buyers and sellers, or we can negatively impact their lives. We purchase manufactured homes from sellers in exchange for money, time, knowledge, piece of mind, opportunity, convenience, and more. We also clean, repair, transport, and sell homes to hardworking and (ideally) high-quality renters and/or buyers. In short, we provide value, however not all investors are created equal; some investors are focused on win-win results and other are much more selfish/greedy.In today’s podcast Mike and Robin express their efforts to exceed their buyer’s expectations when it comes to service, the product they are selling, deadlines, and the purchaser/purchasee relationship. With that said, it is important to make sure your buyers, tenant-buyers, and/or renters are crystal clear in your relationship and what is expected/unacceptable from both parties. Making sure your tenant-buyers understand what is expected of them is a must-do. Robin gives some great examples of making things clear for buyers if there is a misunderstanding.Pro Tip: Aim to become business-acquaintances with your tenant-buyers or renters, however it may be prudent to avoid becomes friends. Avoid phases such as buddy, friend, brother, sister, bro, etc. You ideally would like to hear, “Yes, sir” or “Yes, ma’am” from your prospective tenant-buyers or renters.Transporting Mobile Home Tips1. Get referrals.Many mobile home transportation companies may disappoint you. Over the years working with multiple mobile home movers and mobile home transportation companies, I have heard lies, I’ve been the victim of thefts, and I’ve been taken advantage of multiple times. When having a company completely pick-up, move, and set up an entire investment property, make sure you’re dealing with reputable, honest, and qualified people.Pro Tip: Reach out to local mobile home parks and local mobile home dealers to find out who they use on a regular basis to move mobile homes. Let these mobile home parks and dealers tell you who they would recommend and refer you to when it comes to moving and setting up manufactured homes.2. Pull mobile home permits.In most areas throughout the country, permits to move a mobile home and set the home up in a new location are oftentimes required before transporting a mobile home. Many movers may handle this process for you, some do not. In addition to “moving permits,” you may also be required to obtain electrical, plumbing, and gas connection permits. The local mobile home park or city you are moving to should be able to point you in the directi

Who is on your investing TEAM? While actively mobile home investing which individuals do you work with on a daily/weekly/monthly basis? Does your TEAM change depending on your specific mobile home sub-niche (Example: mobiles inside parks VS. mobiles on private land)? In today’s quick 32-minute podcast we discuss all this and much more.In episode #21 of the Mobile Home Investing Podcast, I’m super honored and proud to welcome Tommy to the Podcasting microphone. Tommy has only been mobile home investing for 6 months and has already amassed a total of 13 cash-flowing properties at the times of this recording. This monthly cash-flow has helped allow Tommy to start investing in mobile homes full-time. While this is a sizable income, Tommy admits he loves being able to have helped 20+ families sell unwanted properties or buy a mobile home of their very own.Notable quotes from Tommy: “If you don’t work, it’s not going to work.” (Tommy says this just before ending the podcast and rushing out for another closing.)Author’s note: I consider myself outstandingly fortunate to work alongside so many great real estate investors and mobile home investors. What makes these investors “great” is not always their vast wealth of real estate knowledge or experience, but instead it is the rare ability to take action, ask questions, and never quit until success has been reached. Special thanks to Tommy for helping investors he will never meet.In this mobile home investing show John and Tommy cover:1:20 How many deals are you closing per month?3:00 What is your average repair cost per mobile home?4:23 Can you discuss down payments and monthly payments?6:30 Do you invest full-time or part-time?6:55 Can you discuss your financial partner?7:45 The advantages to holding a few vacant homes.8:50 How many mobile home parks are you actually within?9:20 Has been dealing with the mobile home park managers a positive or negative experience?10:15 Can you talk about a negative park manager experience?11:35 Are you investing in mobile homes on private land yet?12:16 Are you investing in complete mobile home parks yet?13:10 Who else has been valueable on your team?15:50 Where have you found your handymen?17:40 Do you pay handymen anything before they start a job?20:11 Any other valuable tips when working with handymen or contractors?23:14 Ways to find a mobile home real estate attorney.24:37 Your TEAM may change depending on your sub-niche.26:40 Can you talk about your most recent deal?28:33 What is something you were not expecting while mobile home investing.30:25 Advice for go-getters wanting multiple deals per month?The picture above is the mobile home Tommy talks about starting around minute 27:00. There are some damages that will cost approximately $930 in labor and $800 in material. Tommy paid just $3,000 for this beautiful 2003 manufactured home 3/2 in a family park. This home will sell with payments over $30,000+ once repairs are complete. Tommy literally had to run out of the door to close with these eager sellers. Keep up the great daily effort to help others locally.

In today’s Mobile Home Investing Podcast episode #20 I’m extremely happy to welcome Michael and Steve to the co-hosting microphones. In this nearly hour-long video podcast, we discuss some of Michael and Steve’s 5 mobile home cash-flow deals, transporting homes, partnerships, and the challenges of working with park managers and local handymen. This mobile home investing team lives and invests in the great state of Maine. Like almost all the investors in this podcast series, Michael and Steve are go-getters that ask questions regularly and take action daily. Learn more about what they are doing to grow their business in the video/audio podcast below.A special “Thank You” to Michael and Steve for opening up their business and sharing vulnerable mistakes that will help us all be more profitable and helpful investors.In this mobile home formula investor show John and the guy's cover: (Times are provided to fast-forward video if needed.)0:30 Where are you guys located and investing?0:50 How long have you been investing?1:35 How does your partnership work for you both?2:15 When are your busiest hours?3:40 Free Prescreening Tool4:20 How many mobile homes have you moved?4:55 Let’s talk about the mobile home deal you moved?10:55 What other lessons were learned while investing in this particular home?14:15 What are your best handyman tips for newbies?15:40 To what extent do you repair your mobile homes?20:40 Why would you buy such an unattractive mobile home?24:40 Speaking with a mobile home park seller?27:17 Selling homes that need cosmetic repairs30:10 What did you learn when you moved this first manufactured home?33:40 Let’s talk about the numbers on this deal?37:05 What is the average lot rent in your area?37:20 How many parks are you involved within?38:10 What are your thoughts with regards to senior communities?40:50 Does the size of the park matter?41:10 How do you advise approaching the park managers?45:00 How many mobile homes have you sold for cash?45:12 Are you looking forward to tax time?46:50 What’s a great tip when speaking to sellers?52:28 How are your tenant-buyers paying?New to mobile home investing?If you are not currently investing in mobile homes locally it can be important to have clarity before starting any new business venture. Real estate investing businesses requires time, sweat, available capital, and daily action to build a safe portfolio of properties and local word-of-mouth business. Before you begin it may be crucial to not only understand what will be required of you on a day-to-day basis to succeed (the definition of success varies by person), but also understand your local market environment and game plan moving forward with regards to mobile homes. Before starting a mobile home investing business locally this website encourages you to obtain clarity concerning:Your location (supply/demand/exit-strategy)?Your free time to invest?Your capital to get started?Your local realistic goals?Caring about people?The above suggestion for you to obtain “clarity” may raise more questions than answers. We are a community of mobile home investors and happy to help if we can whether you are experienced, new, or a non-investor. With that said if you have any follow-up questions or specific concerns moving forward never hesitate to reach out directly or comment below.Side Mobile Home Investor LessonWhen investing in states with snowfall, a common sight you will see is a “mobile home roof-over”. The mobile home above has a second roof or roof-over attached to the top of the home. Roof-overs aims to add strength and completely fix any roof/ceiling leaks in older mobile homes with flat roofs or metal roofs around the country.This roof-over may have been installed one of a few ways:Certain companies around the United States produce and deliver mobile home roof-overs in one giant section that is placed directly on top of the existing mobile home’s roof.Local companies or local handymen will spend a few days building a second roof over the existing mobile home. Permits may likely need to be purchased (at local permit/building department) if applicable.Pro Tip: As investors, some mobile home roof-overs you come across may not be up to local codes. These roof-overs may only add more stress and weight to the existing frame of the older mobile home. With that said if there does not appear to be any interior ceiling damage inside the home and the roof-over has been in place for many years already there may be little to worry about with regards to current defects and effectiveness. If unsure, an inspector may always be called for a professional’s opinion.In conclusion, we hope that this video podcast has been helpful to you in some way. We certainly discuss a number of topics in today’s post compared to our normal one-specific topic per podcast. Remember there will never be a single video or lesson you will learn that will create complete clarity in your mind with any new business or investing niche. Instead, it i

In today’s Mobile Home Investing Podcast episode #19, I’m very proud to welcome Roscoe to the co-hosting microphone. Roscoe will be discussing his first Mobile Home Formula – mobile home deal, his selling funnel, and his experiences missing other profitable opportunities along the way. Roscoe is a self-starter and go-getter right out of college. Discover what Roscoe is doing to juggle single-family flips and mobile home cash-flow side by side.Learn more about Roscoe’s mobile home investing business in the short Podcast and video below. A special “Thank You” to Roscoe for opening up his business and sharing vulnerable mistakes that will help us all be more profitable investors.In this mobile home investor show John and Roscoe cover: (Times are provided to fast-forward video if needed.)0:51 What is your real estate experience currently?1:56 Any words of wisdom for traditional SFR investors?2:30 Working with local handyman and contractors.3:15 Let’s talk about your 1st deal.4:10 What price and terms did you sell this home for?4:19 What repairs did you make?5:05 How long did this home take to sell?5:23 Why did this woman turn you on to this deal versus keeping it for herself?6:40 Will this be a good lead source for you moving forward?7:10 How did you find this park so far away?9:25 How many potential tenant-buyers had to walk through the home before selling?11:28 Let’s discuss your selling funnel.13:24 Using video in your selling funnel.15:23 Let’s talk about some missed opportunities.19:35 Are Park managers helpful or hurtful?20:38 What are your goals for the rest of the year?22:02 Why do you love mobile homes on land?23:41 What advice would you give to others investing in mobile homes?Finding lower priced mobile homes in your areaWithin every state the price, supply, and demand of used mobile homes may vary wildly from city to city. I mention this because on this podcast we mention that Roscoe is finding good quality mobile homes for $20,000 and below. These mobile home properties are not typically listed online or for-sale yet to the general public. This is possible in most areas of the country if you are: Well, known by local mobile homeowners, sellers, park managers, etc.Marketing and advertising regularly so sellers and mobile homeowners know who you are and how you can help.Additionally, you should be making offers regularly on all homes under $25,000 if aiming to resell via payments. Disclaimer: This $25,000 figure will vary depending on your exit strategy.

In today’s Mobile Home Investing Podcast episode #18, we’re talking about brokering and wholesaling mobile homes and how this applies to you and your local business. Each mobile home “purchasing-technique” you possess is a valuable tool that can be used to provide options to help sellers and create value. The more “purchase techniques” you clearly understand with regards to mobile home investing the quicker your business may grow.I’m very excited to bring Dan to the podcast co-hosting microphone. Dan has been investing in the Colorado mobile home market for the last 2 years and is loving it. He is now a full-time mobile home investor and broker. Dan is not a Harvard graduate, he’s not a genius, he doesn’t have more hours in the day than anyone else. However, Dan consistently closes deals, helps sellers, and dedicates specific daily effort to propel his business further each day. Since meeting Dan, he has been dedicated and self-driven to achieve more and continue to help others nearby. A special thanks to Dan for coming on the microphone and opening up his cash-flow business and strategies on this content packed 46-minute podcast.Disclaimer: The Colorado real estate market is exploding right now. Dan has found a need/demand and is filling it. Brokering and wholesaling, in addition to investing, works well for Dan due to the hot Colorado market, ample supply of cash-rich buyers, advertising/marketing skills, and Dan’s love for the business and helping others.Definitions: Brokering homes is the act of being a dealer or broker and helping to facilitate a sale between seller and buyer. In short, you are acting as a “personal property real estate agent”. Wholesaling mobile homes is the legal strategy to make profit from a mobile home Purchase and Sale Contract. Both methods require skill and a thorough knowledge of your paperwork. Brokering mobile homes may require a dealer or broker license in many states. If you have any questions, please comment below.Wholesaling mobile homes in parks is not something I fully appreciated until years into my career. There is a time and a place for wholesaling and/or brokering deals. A quick test to know if you may be able to wholesale a home quickly within a specific park is to ask the park manager, “How many comparable homes have sold for cash in this same park in the last 6 months?” If the answer is more than 3 then you may have a decent candidate for a quick cash sale, or perhaps bank financed sale if the home is new enough and with a proper foundation.Have you ever wholesaled a mobile home in a park? Have you ever wholesaled a mobile home on private land? Obvious things to consider prior to signing any Purchase and Sale Agreement are the realistic buyer-demands locally, time of the year, is the home bank financeable, repairs needed, year of home, seller’s motivation, foundation, lot rent, cash buyers in the market, etc. Please don’t hesitate to ask questions or comment below.Mobile Home Brokering & WholesalingPRO: Little to $0 money invested. PRO: Quick cash profit ($500+)PRO: Marketing skills required.PRO: Small time investment.PRO: Create a value instead of passing on the lead.PRO: Able to help a local seller.PRO: Good word-of-mouth advertising and branding.CON: Difficult in slow markets or non “hot spot” type markets.CON: Cash buyers are few-and-far-between in many markets.CON: Don’t keep the home for tax depreciation purposes.CON: License needed to broker mobile homes in most states.CON: In some states a “Net” listing is not legal even as a broker or RealtorIn this Mobile Home Formula episode John and Dan cover:1:10 Please tell us about yourself and about your investing business.2:20 What does the Colorado marketplace look like? What are mobile homes selling for there?4:00 What are the prices of some of your listed homes and sold homes?5:45 How are you attracting leads when investing?6:05 What are your typical buying prices for mobile homes inside parks?8:20 When do you know to broker a home VS invest in the home?10:21 Does one deal lead to another? How has this affected business?11:44 How do you get paid from each brokering deal? Do you negotiate this?14:23 Can you describe a deal you are currently working?17:58 Do sellers ever get mad at the profit you make?20:30 Getting video testimonials for your business.21:44 Do you ever make repairs in any of the homes you are brokering?24:28 How did you find out the brokering requirements in your state?27:24 Brokering requirements vary from state to state.30:24 Is brokering realistic in all areas?32:12 Describe the deal where you only made $500.35:16 Any time that backfired on you?

In today’s Mobile Home Investing Podcast episode #17, I’m very proud to welcome to the co-hosting microphone Mobile Home Formula member Ryan to discuss his 1st mobile home deal. Ryan is a newer mobile home investor that got started investing in mobile homes in 2015. What Ryan lacks in experience, he more than makes up for in ambition, dedication, and hard work.Before joining the Mobile Home Formula, Ryan pulled the trigger and purchased his first investment mobile home in south Florida. This gorgeous 2/2 is located in a Senior community in a very nice part of town. From the very beginning Ryan is making a few innocent errors…Ryan is not a Senior citizen.This mobile home is located 2 hours away from Ryan's home.Ryan did not to inform the park manager of what he was doing, nor did he get approved at the park.Although these first few mistakes were made the deal worked out great. Listen to the Podcast episode below to hear the wins and losses of Ryan’s 1st mobile home deal. All parties were happy, and this deal was truly win-win-win-win for the seller, buyer, the park, and the investor. Working only a few hours Ryan made over $6,900 in less than 8 months.Mobile Home Investing can be Forgiving.One thing we love about investing in mobile homes for cash-flow is that mobile homes and manufactured housing are fairly forgiving when you purchase these homes correctly. What I mean by, “purchasing these homes correctly” is that as long as you understand…The home and/or land you are buying and/or all included liens, debts, encumbrances, repairs, etc. plus.The park rules, processes, fees, and protocol or property's flooding, taxes, insurance, safety concerns, etc. plusAre aware of all other comparable homes for sale nearby plus.Your resale price and current market demand is completely understood and taken into account when making purchase offers plus.You are able to resell for payments and recoup all of your invested capital within 10 months or less of reselling or if reselling for all-cash are able 3x your money plus.Your ability to profit a minimum $300 per month net cash-flow if renting or reselling via monthly payments...…And you also do not:Overpay for the mobile home.Over improve the mobile home.Sell to a high-risk tenant-buyer.Leave thousands of dollars on the closing table when you resell.The above bullets are what I partially mean when I say, “Mobile homes can be forgiving when purchased correctly”. When you make sure to understand how to properly screen, negotiate, purchase and resell each manufactured home you are able to make occasional mistakes and still remain very profitable. With that said, each mobile home may only be sold for a finite amount to the correct buyers; so aim to make as few mistakes as possible. If you have any specific questions or concerns with any deals you are working, or questions you have never hesitate to reach out to [email protected]. Mistakes do NOT equal failure. Giving up equal failure.In this mobile home investor show John and Ryan cover:Ryan’s 1st mobile home transactionNot getting “officially approved” by the park manager before you buy a mobile home in a park.Working within a “Senior Only” park and dealing with the management when you’re not a Senior (55+)Breaking-even in less than 3 monthsLessons/Mistakes Ryan learned from his first deal that he will not be making again.Working with your tenant-buyers to create Win-Win deals.Working with the right tenant-buyers and how to make these tenant-buyers motivated to pay their homes off early.When to take action.Investing close to home or hours awayPurchase Price: $3,000Having your tenant-buyers move in before getting approved by the park.Sold Price: $9,900, Payable as $2,000 Down and $350/mo for 22.5 months ($6,900+ Profit in 8 months)and much more!

While you’re investing in real estate do you tell buyers and sellers you work by yourself, with partners, for a boss or a company? What are the advantages and disadvantages of portraying yourself as an individual investor versus a company? Is this ethical? What are some actionable steps you can take moving forward? We will cover all these and more on today’s podcast.In today’s Mobile Home Investing Podcast episode #16, I’m super proud to welcome to the co-hosting microphone Damarice to discuss how she portrays her mobile home investing business and how this has affected her company’s growth. In this 24-minute podcast Damarice opens up her business and teaches-by-example some advantages and disadvantages when portraying your company to buyers, sellers, and park managers.Why you should listen: Over the 1-year timeframe that Damarice has been investing she has continued to be a go-getter and self-starter. Damarice’s daily effort and passion to help others comes across loud-and-clear through in her investing, cash-flow, and the consistent deals she and her husband manage.A special Thank You to Damarice for sharing her time and personal stories in order to help investor she’ll likely never meet.In this Mobile Home Investing Lessons show we cover:Whom do you work for?What to say when you don’t know the answer to any question?Little things to say that portray a sizable company.Damarice case study #1: Late tenants taking advantage.Mindset to remember when speaking with sellers and buyers.Damarice case study #2: Overpaying for a mobile home and Why?Some mobile home investing lessons learned.When being emotional hurts business?What value mobile home investors bring to the closing-table besides money?Becoming too friendly with buyers and sellers.Damarice’s personal advice for YOU to avoid her mistakes.and much more!

If you are already a real estate investor, then you know the importance of having a strong presence and influence in your local market. Let’s face it, most of us investors should be striving to be well-known by every other real estate professional (and all buyers and sellers) in our markets. Typically, the larger our circle of influence the more we are able to network and collaborate with others to grow our businesses. The old adage a rising tide raises all ships comes to mind.In episode #15 of the Mobile Home Investing Podcast, I am proudly joined by my co-host, Steven. Steven is an active Mobile Home Formula member investing in mobile homes in western Minnesota and eastern North Dakota.In Steven’s area there was little selection of where to network with other like-minded real estate investors and professionals. Steven decided to start his own real estate educations-social-networking club.Author’s note: I consider myself outstandingly fortunate to work alongside some many great real estate investors and mobile home investors. What makes these investors “great” is not always their vast wealth of real estate knowledge or experience, but instead it is the rare ability to take action, ask questions, and never quit until success has been reached. Great work to Steven, and everyone else who takes action to further their reputation locally. Listen to the full podcast below to hear various ways to network without having to start your own club.In the podcast below we jump right into the topic of starting your own real estate investment (REI) club group.In this show John and Steven cover:1:20 Some different types of real estate investment (REI) club platforms to choose from.1:40 Possibly your most viable option to start a club now.1:55 Steven’s REI club history? & where he saw demand?2:30 How to test demand in your market?2:40 Have attendees grown or shrank since starting Steven’s club?3:00 What type of investor and folks have been attending?4:00 Where does your group meet monthly?4:35 Who are your speakers usually?5:30 Has this group generated you more deals and/or leads?6:25 What was the most surprising thing you’ve learned since starting your own REI group?6:50 Do you compensate your speakers?7:10 Is this a paid club? Or free for all guests?7:50 How John came to lead a group of over 300 real estate investors with little effort? & How you can too?9:00 Some to-do’s to seriously consider while attending your next local REI group meeting.9:35 Choose a unique REI group sub-niche.11:00 How to think of new and interesting topics each month?

In today’s Mobile Home Investing Podcast episode #14 we’re talking about mistakes, making them, avoiding them, and allowing them to empower you.If you’ve never made a mistake real estate investing it is likely you have not put forth much effort yet, or that you are lying to yourself. The mistakes you have made and will make are your badges of honor. None of us are natural born real estate investors, so mistakes and challenges are expected and should be welcomed. In this article, we will identify many common mistakes and address how to overcome them to become a better and stronger real estate investor.The author Oscar Wilde said, “Experience is simply the name we give our mistakes.” Experience often times is developed through making our own successes and failures while risking our own time, energy, and capital. However, there are other ways to gain valuable experiences.Below is a short list of ways to learn and gain value through other people’s mistakes and experiences.1. Trial & Error: This is the default for most of us. We aim to learn as much as we can through online resources and then head out on our own to build our real estate investing empires.2. Listening to the advice and stories of others: When listening to the advice and stories of others make sure to internalize this investor’s pain and/or joy. When another real estate investor tells you how they were scammed or how they did not perform proper due diligence, put yourself into this real estate investors shoes. Try to feel the pain this real estate investor had so that you do not make the same mistakes that you just learned about.3. Working with a mentor: A mentor with a vested interest in your success should be similar to working with a partner, without splitting any of the profits.4. Partnering with a local expert: With the help of your local real estate investment club, aim to identify the active local investors in your area who specialize in other types of real estate specialties you do not. Aim to partner with these investors if you discover a lead in your area that fits their niche.“If you don’t learn from your mistakes, then they become regrets.” – John CenaWhen we make mistakes, it hurts. The idea in psychology called loss aversion can help explain this hurt and regret we feel when we miss an opportunity or make a mistake. Loss aversion refers to people’s tendency to strongly prefer avoiding losses to acquiring gains. Most studies suggest that losses are twice as powerful, psychologically, as gains. Use your mistakes as signposts and directional markers along your journey to your financial goals. When you make a mistake or do not perform as well as you feel you should have, aim to learn what went wrong and how to avoid these same mistakes in the future.Pro Tip: Review each deal, each week’s actions, and/or each mistake as objectively as possible. If you did make a mistake it was likely due to only a couple of factors. Do not let a single mistake create a false limiting belief in your mind that may do much more harm than good.1. Mistakes with yourself: There is no question that you will eventually miss out or lose a deal because you are too lazy, analyze too slowly, or are temporarily too greedy. Each mistake you make refines your investment skills and makes you a more powerful and experienced as a real estate investor. Allow these mistakes to motivate you to correct the problem inside yourself and help local sellers even faster. False limiting belief: “I’m a lazy person that can’t do this.” “I’m not a people-person.” “I like to sleep in late and watch too much TV.” “I’m too young/old to start now.”2. Mistakes with your property: Perform proper due diligence always. Sellers sometimes lie or simply forget to disclose pertinent information about their property for sale. No one is to blame but yourself if you do not take the time to know precisely what you are buying while stepping into the seller shoes. False limiting belief: “I made a mistake and did a bad deal last time, so I’m going to do a bad deal again.”3. Mistakes with sellers: While working with real estate sellers we can often times make mistakes in our negotiations or due diligence that costs us hundreds or thousands of dollars. Working with sellers and buyers has partly to do with your current level of people skills and sales skills. If you feel you are lacking in people skills or negotiation techniques aim to read up and educate yourself on the subjects. False limiting belief: “Sellers don’t like me.” “I can’t get the types of deals these other investors can.” “There is no way I can help sellers.”4. Mistakes with buyers: Often times it can be easy to develop close relationships with your renters and tenant-buyers. Additionally, it is sometimes easy to be fooled into renting or selling your investment property to a high-risk, unqualified buyer. Make sure to thoroughly screen every adult that aims to live in any of your investment properties. False limiting belief: “I always choo

I am so happy to welcome back to the podcast co-hosting microphone Vince C. investing out of Illinois. In today’s Mobile Home Investing Podcast episode #13 we will be discussing having clarity in your local real estate market, 100% confidence while helping sellers, and correctly positioning yourself to maximize helping every mobile home seller in some way or another.Over the next 23:30 minutes Vince opens up his mobile home investing business, how he speaks with sellers, and moving forward with confidence to help solve a mobile home sellers’ problem(s).In this show John and Vince cover:Understanding your competition.Understanding how you can best help each seller.The two things’ sellers want: the most money and fast sale.Staying profitable: Purchasing with your end-buyers in mind.Knowing who your tenant-buyers are and what they want to buy?Knowing how much each tenant-buyer can pay?What makes Vince so confident and how can copy this?Mobile home investing is a people-centered business.Having clarity of each parks’ closing/reselling process. Then clearly explaining all the seller’s options to every seller.and much more!

In today’s Mobile Home Investing Podcast episode #12 we’re excited to welcome to the co-hosting microphone Lana from NYC. Lana is nearing her 10th manufactured home investment and holds most of her investments just outside of New York State. Lana is one of the few investors who has made a business specializing in buying and holding mobile homes outside her state.Over the past 18 months Lana has grown her circle of influence, helped nearly 10 families sell their unwanted homes & helping nearly 10 families own a quality home for a Win-Win purchase price and terms. Keep up the great effort Lana!In this show John and Lana cover:Mobile home investing outside your home state.Why being an immigrant may be an asset as a mobile home investor?Which exit strategies are most popular? Based on actual salesWhat went wrong with a recent cash buyer?Why selling your homes as-is is not always a good idea?When to include a home warranty?Aiming to always help buyers and sellers is key to a long-term business with great word-of-mouth advertising.Misconceptions of mobile home park residents? Perception Vs. RealityHow to avoid making the same mistakes in your cash-flow business.and much more!