Let’s see what’s working…

Mobile home investing is certainly not a new concept. When I got started buying and reselling mobile homes over 18 years ago I never would have believed the cash-flow opportunities I would discover along the way. Investing in individual mobile homes has been the single-greatest-secret niche I have profited from consistently during times of inflation and times of recession.

Disclaimer: Not interested in building monthly cash-flow? Are you more interested in selling for cash? Wanting to sell via wholesale, wholetail, partner, or fix/retail? This specific page is not entirely for you. However these 4 techniques above are discussed on this site and throughout the Mobile Home Formula training program.

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Below is the frame-work I teach to new and seasoned mobile home investors looking to make safe returns and passive cash-flow. If you would like more information on becoming a full-time mobile home investor don’t hesitate to reach out to me via the email below.

Clarity is key! The steps below are intended to help you better understand if mobile home investing is right for you. The path below helps establish your foot-hold in your market while meeting as many qualified-sellers as possible in a short period of time. Ongoing daily effort is required to help investors remain active versus you being a one-hit-wonder.

I hope this helps and makes sense. Enjoy!

Download: Click here for a FREE printable version of our 54 steps to mobile home investing cash-flow

54 Steps to Mobile Home Investment Profits

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Spend a few days testing for Buyers

1. Use free and inexpensive methods to attract buyers and track your results

2. Find what prices buyers will pay for 3 bedrooms and 2 bedrooms. Do this while you have zero holding costs.

3. Build a “Buyer’s list” of payment-buyers

4. Build a “Buyer’s list” of cash-buyers

Start attracting and locating mobile home sellers

5. Drive through local mobile home parks

6. Study John’s script for talking to park managers. Found in the Mobile Home Formula

7. Properly introduce yourself to mobile home park managers

8. Advertise for Sellers online and offline

9. Create a Marketing Flyer

10. Order Mobile Home specific business cards

11. Network with other investors for their unwanted mobile home leads

12. Aim to collect 30+ mobile home FSBO leads

Work your leads

13. Study John’s mobile home seller script.

14. Start taking calls from sellers.

15. Complete your over the interview with each seller

16. Explain current market dynamic and selling climate to sellers

17. Pull online comparable sales if property is attached to land

18. When the 1.) property and 2.) seller BOTH meet your investing criteria – set an appointment with the seller

19. When any sellers are already asking for a very Win-Win sales price or terms immediately go get a Purchase and Sale Agreement (PSA) signed. Only use a PSA when the mobile home is attached to private land.

Meet seller and take pictures

20. Study John’s script for your 1st appointment with seller. Found in the Mobile Home Formula

21. Sit with seller and discuss their needs and wants

22. Take interior and exterior pictures of home

23. Walk every foot of the home to inspect for soft floors. Bring a flashlight

24. Discuss with the seller how your company purchases homes and how you resell homes. Be transparent and honest.

25. Unless the seller offers to sell their home for a very Win-Win price/terms do not make any purchase offers during this 1st appointment. If agreeable offer is made [by seller during the appointment] get a PSA signed. Only use PSA for mobile homes attached to private land.

Formulate and Make Purchase offers

26. Study John’s formula for crafting multiple Win-Win purchase offers.

27. Craft multiple purchase offers based on your desired profit and the seller’s needs

28. Study John’s common seller objections. Found in the Mobile Home Formula

29. Call your seller and clearly explain each purchase offer

30. Answer seller objections

31. When the seller accepts an offer get PSA signed within 48 hours. Only use a PSA when a mobile home is attached to private land. When PSA is signed go to green section.

Follow-up with sellers

32. Study John’s follow-up material with each seller.

33. Properly follow-up with sellers that have expressed interest in your offers

34. When the seller accepts your offer get PSA signed within 48 hours. Only use a PSA when mobile home is attached to private land.

Start Closing preparation

35. Become approved at park

36. Study John’s paperwork section and read all Purchase forms.

37. When property is attached to private land take PSA and Good Faith Deposit to Title company or closing attorney

38. Start marketing home for cash and payment buyers

39. Create a Personal Property Trust/Land Trust and other closing documents needed to close

40. When seller is staying in home for a short-time after sale make sure proper paperwork is signed

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Home is now yours. Go out to eat and Celebrate!

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Blitz formula for reselling mobile homes

41. Study John’s Blitz formula for reselling mobile homes

42. Clean and remarket home for sale

43. Prescreen buyers and accept top match

44. Buyer gets approved at park

45. Set selling date

Selling the home

46. Study John’s method for selling a mobile home and review paperwork

47. After all background checks are complete make sure to meet seller at the property for a final walk-through

48. When selling for bank financing a Title company will handle the majority of paperwork.

49. When selling for payments or cash in a park you may choose to sell without a Title company.

50. Sign all closing paperwork with your Tenant-Buyers

51. When selling for payments collect the Tenant-Buyer’s Move-In fee and 1st month’s payment.

Property Management

52. Study John’s hands-free management material

53. Tenant-Buyer is responsible for all repairs

54. When possible outsource payment collections to Note Servicer

Repeat process with another seller already in your funnel!

Thanks for reading. Mobile home investing is not right for everyone. We all have our own unique skills, attributes, weakness, and goals. This business does take effort but is very worth your time and very realistic in almost every market.

In the coming days you may see an email from me with valuable training and training-lessons to share with you. During anytime you may ask me any questions which you feel will better help your forward mobile home investing process.

Love what you do daily,
John Fedro
support@mobilehomeinvesting.net