MHI 006: Best Mobile Home Deals With Val Penna

December 11, 2014

MHI Lesson 6: Best Mobile Home Deals With Val Penna

Welcome back,

In today’s Mobile Home Investing Podcast episode #6 I’m excited to welcome back Val Penna to the microphone to discuss a recent great mobile home deal she completed. Over the course of this episode, I will also chime in with a brilliant mobile home transaction that made a big impression on me as well.

⭐ These are not the best deals because they made us the most profit. Instead, these are some of the best mobile home deals in our portfolio because they proved to us the possibility of helping others while building our businesses and creating Win-Win deals from scratch. Does this make sense?

Val is an active mobile home investor in Pennsylvania that specializes in helping sellers and buyers looking for anything mobile home related. She has successfully positioned herself, through daily effort and specific actions, as the go-to authority in her area over the past 12 months. You too can learn to invest just like Val and others here. Continue learning and asking questions (email or comment below) so that any current confusion you have is replaced with confidence, correct knowledge, and daily actions.

Val agreed to spend the next 21 minutes with us on this week’s podcast describing her mindset and discussing what made this past deal so great and how you can aim for the same goal she is consistently hitting.

In this show we cover:

⭐ How to get manufactured home sellers to call you?
⭐ How quickly can you make profit?
⭐ Why some mobile home sellers choose to sell?
⭐ Your resales should take less than a few days to weeks to sell to a low-risk and qualified buyer.
⭐ How to make your money back in a few weeks or less?
⭐ Low risk buyers VS. High-risk buyers.
⭐ You are the golden goose. You must believe in yourself more than anyone else does.
⭐ How to determine what price monthly you can resell your mobile home inside a park?
⭐ What words to listen for from your ideal tenant-buyers?
⭐ How to attract free mobile homes? And other mobile homes way below value.
⭐ When selling for free monthly payments makes sense.
⭐ Being realist and not realistic when selling mobile homes inside parks.
⭐ How to encourage your buyers to make all the needed repairs quickly.
⭐ Selling on Win-Win price and terms.
⭐ How to start today by creating your income producing long-term, word-of-mouth investing business?
⭐ and much more!

Links Mentioned in this show:

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Mark Vargus
Reply December 11, 2014

Hi John,

I am new to your site and really like it. I found you through BP and have to say you are certainly making a name for yourself as someone helpful to other investors looking at this niche with hopeful eyes. 🙂

I have a general question if you know. Do I need an certain realtors license to invest in MHs? I’m in Montana if that helps.

Thanks alot and great podcast episode. This business is sounding more and more like the niche for me.

Cheers,
Mark Vargus
- John Fedro
  Reply December 11, 2014
  
  Hi Mark,
  
  Thanks for stopping by and commenting. Thanks for the kind words and I am very proud of Val as well. Make your way around the site. There are over 90+ videos and other how to articles. If you have any other questions don’t hesitate to ask.
  
  In response to your question Montana has no state cap for amount of “used” mobile homes you can purchase and sell without a license. A Realtor’s license is not needed, however being an Realtor does give you certain advantages in general concerning r/e investing. I put “used” in quotes above because if you plan on buying new mobile homes and selling them then you will need a dealer’s license. However mobile home investing the methods I use seldom if ever means purchasing a new home from a factory or dealer.
  
  Hope this helps.
  
  Talk soon,
  John Fedro
Jimmy
Reply December 11, 2014

Best podcast yet! Cool man. I think a podcast designed for paperwork would be great to hear. Just a suggestion. I know you’re a bsuy man. Later gator, Jimmy B
- John Fedro
  Reply December 13, 2014
  
  Hi Jimmy,
  
  Thanks for your kind words and always happy to help. Great suggestion. That lesson is already coming in the next few weeks. 🙂
  
  Talk soon,
  John Fedro
Fred
Reply December 23, 2014

In hearing some of your video you say don’t get a Dealers License before you know if you want to try this type of investing. I live in Washington State where the cap is 0. Can I still do a deal without a License?
- John Fedro
  Reply December 23, 2014
  
  Hi Fred,
  
  Thanks for commenting. I don’t believe I have ever said “Do Not” obtain your Dealer’s License. I do make a reference that if you have never invested or made money with mobile homes then perhaps your first deal(s) is purchased and sold as a test in your market to make sure you like and wish to continue this niche. If you plan on obtaining your license after this first deal then you can invest without a license with little recourse. Your state may not feel the same way however be advised to never lie to any buyer or seller, or misrepresent the homes you are selling, this will keep you with good word of mouth from your sellers and buyers. If you only invest in a single MH to figure if you like this niche then little should ever come of you not having a license. My basis for this is experience and multiple buyers and sellers buy and sell daily without licenses, granted the only thing that is different between you and a buyer/seller is that you plan to invest for profit and not keep the home. And depending on your paperwork you may be renting or keeping the home in your name until sold, so in this regard you will not be buying and reselling, but buying and renting. I hope this makes sense, if not please let me know.
  
  Indeed if your state requires and asks for a Dealer’s license then by all means there are many advantages to obtaining this license once you know you will continuing in this niche. There are Pros and Cons for sure and in some states there is a cap and other states there are none. Here is a past article and video I made on the topic. https://www.mobilehomeinvesting.net/mobile-home-blog/mobile-home-license-per-state-how-many-can-you-buysell-per-12-month-period
  
  Let me know if there are any other questions or concerns you face. I hope this helps. If still confused don’t hesitate to reach back out.
  
  Talk soon,
  John Fedro
Rohan Gupta
Reply March 7, 2015

thanks for sharing this informative tips. your blog is helpful and informative .
- John Fedro
  Reply March 11, 2015
  
  Hi Rohan,
  
  Happy to help. Thank you for commenting.
  
  Talk soon,
  John

MHI 006: Best Mobile Home Deals With Val Penna