Welcome back,
Remember that kid from grade school that always kept asking questions right before the teacher was about to dismiss you from class. Perhaps that student was you. In my school his name was Chris Alderson and it seemed like everyday he would ask the teacher 2-5 questions, which is a lot of questions when you are 10 years old, about the day’s homework and daily lesson. Chris always had questions and looking back Chris always got the best grades in the class..
With regards to being a mobile home investor you will only ask question after question after question after question if you are committed to growing a large, long-term, and profitable mobile home cash-flow business..
1. Data Question? You deserve to know all the answers now.
2. Trenches Questions? You deserve to know all the answers now.
3. Specific Deal Questions? You deserve to know all the answers now..
Whenever you have questions get tenacious and hungry to know the answers.
In a previous video I outlined the four traits needed for long-term success. Asking question is a key to your success. The members and investors I train with on a weekly basis that do the best and have the most success ask the most questions.
—>Ask the right question —>Get the right answers —>Move forward to ask more question
Love what you do daily,
John Fedro
support@mobilehomeinvesting.net
Related Brand New Real Estate Investor Newbies Keep Asking Questions videos:
8 Responses
John,
I first saw one of your videos some time back on you tube. Then I began to see you on Bigger Pockets and eventually on this site. I don’t know why, but you just clicked with me. Get off my butt and get to asking questions. About me, been reading creonline for 9 yrs. bigger pockets 1 yr., Went to Albert Lowery seminar in 83 in st pete and wanted to get in RE ever since. Maybe 6 yrs ago I stumbled on the mobile home part of creonline site and wow the light bulb went off. I ordered DOW and then bought both his other books.
I have probably read somewhere between 80 and 100 books on real estate investing. My problem——— I have a spouse who does not want anything to do with RE any form or fashion. She is perfectly happy to live from paycheck to paycheck and them retire on ss. If I’d been smart, I’d have gone my own way long ago. At the time I first got interested in RE we had a small child. She is now 24. I let her age sink in while I watched your video.
I decided tonight to go my own way. I am retraining in HVAC and I was going to wait until I finished this Education, but I am going to start looking for a MH deal this wkend. By the way I live in Pensacola area and intend on starting to go to the local RE club meetings. If you know of anyone in this area I could talk to about RE in this area it would be appreciated. Also, I never see anything on this site about your selling books, materials courses etc. John, just want you to know your good at getting across to people what you intend to, and I appreciate all you do for people out here trying to learn the MH career path.
Thank you,
Daniel Boles
Hey Daniel,
First off thank you for the kind words and for opening up with regards to your situation. I will clear up the issue about the email newsletter for you.
I can read in your words that you are frustrated and ready to go. I have personally had a few of these rock-bottom, frustrated with myself moments and they ALWAYS lead to me producing more daily action and higher results after I hit these eye-opening points in my life. Good for you for moving forward!
In regards to coaching or a product I produce. I have been coaching investors privately (5-6 per month) for the past 2 years. In the next few days (feb 10th-ish) I will be opening up a step-by-step, video tutorial site with 100s of videos. Its pretty amazing if I do say so myself. There is a background sneak peek if you go to my youtube.com/realestatecash page (link to the right of this comment) to see what Im talking about.
About your local investment club comment. This is a great idea, join as many of these clubs as you can. Be aware most clubs are built around selling you something that may or may not keep you on course. Remember why you are there: to network, ask questions, and get answers.
Either way you decide to move forward know that you CAN do this business and make sure to live each day (from today on) making yourself happy and doing something you love!
Sincerely,
John Fedro
Hi John,
Thanks for the response, appreciate the info and understanding. Just got off work, school by day work by night, but I’m gonna make time for MH deals.
Thanks again
Dan
PS Great Skydiving Video
I said I was going to jump right after I got out of the Air Force
“Isn’t it strange how things never seem to happen when we don’t write our goals down”
It’s been 32 yrs. Ha
Do most of these MHs have mortgages and you are merely buying subject too? Do you ever pay cash and why and where does it come from?
In the beginning I got the impression that most of these homes were pruchase without any out of pocket money. Am I correct or not?
Hi Murphy,
Glad to see you on the blog. When a mobile home is attached to land many SFR purchase techniques will work to control the property including purchasing the mobile home “subject to” the underlying mortgage as you stated.
I will only pay all cash when purchasing homes for 30 cents on the dollar with home and land packages OR with a mobile home in a park if needed. When dealing with a motivated seller you often times do not need thousands of dollars to control the property, but you will need at least a few hundred. Hope this helps.
Best,
John
This is indeed very true. It is so often misunderstood that asking questions portray a lack of understanding or ignorance, however, it is in fact, the complete opposite.
Asking questions when considering an investment will cement a firm understanding of any investment service and will allow you to make a thoroughly formed decision on any investment package or opportunity. Asking questions means you will never invest in anything blindly, without fully comprehending what the results will be and what effort is required. Simple!
Hi Fiona,
Thank you for your kind words and excellent addition to the post!
Best,
John
Thanks for sharing your valuable information here