Welcome back,
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.
Case study:
This one deal has now increased Mike’s monthly income by $300 per month for the next 3 years.
Specifics:
- Repairs needed: Moderate
- Sold: As-Is
- Cash Invested: $2,700.00
- Instant Move-In fee from tenant-buyer: $1,300
- Income Monthly: $300 for 36 months
- Scheduled Profit: Approx $12,000
Congratulations Mike!..
For taking action and helping this seller you deserve all the rewards.
First Mobile Home Formula deal down. 99 more to go! 🙂
If you have any mobile home related questions please do not hesitate to reach out.
Love what you do daily,
John Fedro
support@mobilehomeinvesting.net
Related Case Study With John Fedro And Mike Mora videos:
7 Responses
Hi John,
Very good post and case study with Mike. I am curious if you can tell me the age and condition of the mobile home Mike invested in and also how he found it. Also, I just signed up for your webinar.
Thanks, Paula
Hi Paula,
The mobile home that Mike just bought and resold for a profit was built in the 1980’s and did need moderate cosmetic clean up and repairs. This is something that his buyer was more than willing to do for a discount on the first few monthly payments. Win-Win-Win deals!
Glad to have you on the webinar.
Best,
John
I have 3 SFH rentals, but would like to learn more about MH investing.
Hi Wayne,
Thanks for reading. If you already have real estate education this MHI addition will be a simple process for you. Sign up for our webinar below to learn more.
Best,
John
Good going Mike. I agree that John has put together something great here. Can’t wait to dive in, myself…. VinceB 🙂
I am glad to find your impressive way of writing the post. Now it become easy for me to understand and implement the concept. Thanks for sharing the post.
Hi Julianne456,
Thank you for your kind words. Happy to have you here and I’m hear to help should you be working on a deal in the coming months.
All the best,
John