Welcome back, Dave and Cindy are new users of the Mobile Home Formula. After only a few short weeks this husband and wife “investing duo” has already realized profit from their first 1/1 mobile home deal. Enjoy the video, tips, and pictures below of their deal. For the protection of
My world changed forever one afternoon when I purchased my first mobile home inside a park over 10 years ago. Nine months later I quit my 2 jobs and lived solely on my monthly cash-flow. I am not saying this process was easy, however the struggles and successes where all worth it.
The case study below is from a new student to the Mobile Home Formula named Mike Mora. Mike has been involved with real estate and real estate investments for the past few years with a number of investments already in his cash-flow portfolio. Mike is looking to increase his retirement cash-flow with a few mobile home deals each year. Mike has only been investing with the Mobile Home Formula for less than 60 days.
This rubber-based white roof coating comes in 5-gallon buckets you can pick up from Lowes Hardware or order directly from the Kool Seal website.
This trust and opportunity to teach you is not something I take lightly. It is my goal to shortcut your success and help you avoid the mistakes I have made throughout my decade long carer. Please see an updated list of a few successful members using the Mobile Home Formula.
In today’s video we will be discussing the paperwork we used in our mobile home investing businesses before, during and after we purchase a mobile home inside a preexisting mobile home park. The following video is made for all states except for California, Texas, New Hampshire, and Vermont.
When getting started we are often marketers, property appraisers, repairman or repair-woman, buyers, negotiators, funding experts, negotiators, closer, paperwork creator, buyer, seller, net-worker, landlord, property appraiser, marketer, boss, and the list goes on. With proper training you can outsource many of these tasks. However with regards to mobile home sellers and buyers we are first and foremost educators.
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..
However after 24 months I had most of these steps down-pat. That is not to say I am not still learning about this business but by the time I was 2 years into being a successful mobile home investor I had seen most average purchase and resale situations and scenarios. Compared to traditional real estate investing this was child’s play with incredible returns. After 9 months I had obtained 11 mobile home properties cash-flowing over $3,500 monthly.
This quote may be more impact-full to your ultimate success than you may currently realize. The more and more I research this “visualize it until you make it” term online and in group forums the more I see big named celebrities and athletes with success using this form of visualization to motivated themselves from failure to success.
NEVER buy a manufactured home park without following our 30 Days of Diligence format, and obtaining the necessary third party reports, such as the Phase I Environmental Study. While there are some great parks for sale out there, there are an equal number of stinkers that you should never get involved in. So never buy a park that you don’t know inside out and that has passed every test from the Test Ad to the Phase I.
This is the exact situation many mobile home owners who bought a NEW mobile homes between 2000-2010 are in right now. Many of these buyers did not fully understand the repercussions of the loans and mortgages they were agreeing to. Many of these buyers were not ready to be home owners..
You may already understand for the first 120 days after you start to call your self a mobile home investor you will be contributing to your business daily (my advice only). It may be just 30 minutes per day or it may be 3 hours per day depending on what you can invest. So besides your time goals or freedom goals let us first sit down and make a list. Al list of your:
Now you have enough money to pay bill and begin to live fuller lives. In addition you may have some more free time to travel, work hard to take your significant others out of the rat-race, send your kids to a private school, pay your bills, donate to charity, take vacations, and reinvest time and money back into your real estate business.
Welcome back, One of the first Action Assignments I teach brand new mobile home investors is to go after the “lowest hanging fruit” with regards to mobile home sellers. These “low hanging fruit” represent the easiest and most profitable deals for you invest in within your target investing area. I
Find your why. All the successes and struggles I have achieved over my short life have been worth it. Do not let another average year go by without a change. Start your new life today.
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
