Over Active Mobile Home Investing

Welcome back,

One thing that so many of us active mobile home investors love about investing is that your daily activity and correct effort typically equals your outcome. If you want a pay-raise then you can simply go out and purchase another income producing mobile home property to cash-flow monthly, or a fix and possibly sell for cash.

I have said it before and I’ll say it again that, “nobody cares about your success and financial future more than you will”. With that said no one should be pushing you harder than you (and your mentor) when it comes to reaching your goals. The below video and article help outline one of my favorite ways to build anticipation and ensure I will continue sprinting towards my next goal is by building anticipation with delayed gratification. Please use and steal this trick.

Treat yourself like a child and parent yourself:

Something I noticed after my first few years investing in mobile homes was that I would take the easy way out if I let myself. If I knew I could relax or work, I would often times relax and take the day off after only investing minimal time into my business. Much like a child I needed to have a reward held over me to push me to succeed. Even though I knew my reward would be certain cash-flow and profits there was still the daily effort and mental struggle I had to overcome daily. So how do you start an active mobile home investing business this year? Here are just a few of my weekly activities:

1. Place 3 calls to new sellers.
2. Make 2 calls to past sellers who I am following up with.
3. Call 2 park managers or investors I have already spoken with.
4. Go on new appointments.
5. Outsource marketing.
6. Make new purchase offers.
7. Follow up with negotiations.
8. Oversee current projects.
9. Handle buyers and sellers.
10. Outsource repairs.
11. Outsource dealing with potential tenant-buyers.
12. Handle purchasing and closing procedures.

Delayed gratification, or deferred gratification, is the ability to resist the temptation for an immediate reward and wait for a later reward. Generally, delayed gratification is associated with resisting a smaller but more immediate reward in order to receive a larger or more enduring reward later. One trick I use to help ensure I over produce for each reward is to plan my goals first, then double or triple them.

• Think of a BIG reward you have wanted for a few months or years but have not yet purchased.
• Think of what income or goals you would need in order to make you feel comfortable purchasing this object or vacation.
• Now, double or triple the goal needed.
• When you achieve this BIG goal you will now be confident you have achieved a major milestone for your business.
• For smaller rewards think smaller goals. Still double or triple these smaller goals for faster business growth results.

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

Related video: