To the family of Lonnie please know your father, husband, brother has made an everlasting impression and change on the investing community that will live on in the good works of others he has inspired and trained.
Missing opportunities in real estate means losing out on big bucks. Typically you can miss out on real estate deals for a few reasons. In this short article we’ll dig into some of these deal-missing reasons, why they happen, and what you can do to prevent them from happening again.
It is far better to spend the money on mailing 100 “I want to buy your mobile home” letters to receive 20 calls from motivated sellers than to send 1,000 letters to receive the same 20 calls. This is the difference between knowing where, how, and when to find your sellers VS. blindly mailing to everyone with a mobile home.
The more you understand how to help local Park Managers and your role as an Investor the easier this initial conversation will become. Keep in mind your service to the Park is to make your Park Manager’s life easier… not harder.
Clearly list and explain ALL the seller’s options to sell their unwanted home. Typically 3-6 strategies will be offered. This requires an understanding of properly investing in mobile homes – which will typically either come from A.) years as a mobile home investor B.) trial and error C.) working with an experienced partner or D.) educating yourself via the Mobile Home Deal Maker Formula.
Welcome back, Every other Tuesday night a group of active mobile home investors and I get together and talk mobile home investing. The class is called our Tuesday night VIP Coaching call and is reserved for all active VIP Mobile Home Formula members. This class typically runs over 60 minutes
Since March 2012 this husband and wife investing team has been very active investing in individual mobile homes. Each mobile home property generates more monthly cash-flow plus significant profits. The case study for their most recent property can be found below with great results.
If you can make it out Las Vegas on October 25-28 to the event or are already going I look forward to you coming to meet with me. I will be making myself available for discussion, questions, complimentary drinks, and deal analysis, and potential partnering.
With that said it can be helpful for you to know how your state stacks up compared to others. Keep in mind that within every state there will be entire zip-codes, neighborhoods, and cities that will have many more mobile homes compared to other areas. These areas will be good places to farm for mobile home sellers.
A mentor of mine told me years ago that real estate investing is like a smorgasbord. You can pick and choose the foods you’ll eat, keep returning for more helpings, and learn what areas you like and which areas you love. Like food, once this information is digested by your brain you will then make an educated business decision to continue practicing this method or leave it for later or never.
Always remember Real Estate Investing is not a lone wolf activity – Real estate investing is a group activity. Always encourage everyone to contribute, make new friends, and be active in your local investing circles. Constantly be adding names and numbers to your business Rolodex and remember to follow up.
If you are coming from the world of traditional single family house investing you may have little understanding about the mentality of many mobile home sellers. Often times newer mobile-home investors I mentor assume the 2 sellers are near identical. This fallacy could not be further form the truth. Different from the way they think, get motivated, live, buy, and sell.
The below story follows a mobile home park, it’s residents, and a community of activists looking for justice from a system they feel is forgotten about them.
The above classes of mobile home parks can vary and change with time and demand. The above list does not take into account for park managers that are having “bad days.” Using the list above will not help you to avoid “Cold Shoulder” type parks but help you to organize and understand which type park manager you are speaking with at each unique community. Always remember that you are there to help the park, first impressions count, nobody likes a trouble maker, and always show a smile.
Every mobile home seller and/or traditional house seller you speak with will eventually sell their property to someone. If there is any chance of you helping the seller and creating cash-flow with this potential investment home then you have to throw your proverbial hat in the ring by making a seller “valid” purchase offers to the sellers to consider.
If you are already living in a mobile home park and are being harassed weekly by a dictator-like manager, it may be in your best interest to speak with the owner of the park directly. If this does not help perhaps legal counsel is in order.
Thanks to your formula we were able to do a lil over $105,000 in 3 deals in little over a yr.
Thanks John, I really appreciate all your guidance so far, and look forward to talking with you going forward. I am really excited about this
I am a single person and have been for a long time. I was a single mother for many years and really wasn’t able to
Just wanted to let you know we sold the property and I truly appreciate your guidance and support Bought it for 15000 Sold it 35000 —
I’m making my way through Module 1 right now. This course is incredible! I’m impressed with all of the detail.
I am grateful for are the two MH’s I was able to buy and sell. With your help, I was able to build up great
