MHI 007: Mobile Home Investing in a New State With Stuart Bateh

December 27, 2014

MHI Lesson 7: Mobile Home Investing in a New State With Stuart Bateh

Welcome back,

In today’s Mobile Home Investing Podcast episode #7 I’m excited to welcome back to the co-hosting microphone Stuart to discuss how his manufactured home investing business blasted off after getting started. Stuart began mobile home investing immediately after moving to a brand-new state, not knowing anyone and without previous knowledge of the market and has since grown his knowledge, cash-flow, and reputation in his local market.

Over the course of this episode we will also chime in with my experience helping other newer mobile home investors while keeping them safe, also moving to a brand new state (Texas) myself while growing my mobile home investing business across the country.

Stuart originally came to learn mobile home investing with the help of the Mobile Home Formula training and without prior real estate experience. He has since gone on to close a number of properties and build a cash-flowing business for himself by helping local manufactured home sellers and buyers.

Stuart has drive, determination, and a willingness to take action to acheive his goals in real estate investing. These few traits to take action, follow directions, and never give-up are a few of the most crucial personal attributes for your long-term success in any real estate investing niche.

Stuart humbly agreed to spend the next 17 minutes with us on this week’s Mobile Home Investing Lessons Podcast describing his mindset and discussing what has made growing his MH investing business profitable, safe, and super-fast.

In this show we cover:

⭐ Where does mobile home investing work?
⭐ Re-frame your fears into strengths.
⭐ Fast forward your business and results by strategically catching up to the version of you that has been investing for 12 months already.
⭐ Understanding your local market with clarity and confidence
⭐ Mobile home percentages state by state?
⭐ Knowing your resale market concerning mobile homes and manufactured homes locally.
⭐ Getting started from scratch.
⭐ Investing with a full-time job versus having no job at all.
⭐ Knowing and expanding your circle-of-influence.
⭐ Close your first deal in 30 days or less with strategic action. Investing is not a hobby; this is your serious cash-flow producing business.
⭐ Aim for only these repairs for your first few deals.
⭐ Do this to help make yourself well known in the area?
⭐ Knowing when investors can help sellers and buyers by creating win-win buy/sell deals. Our 3 levels of sellers.
⭐ Selling for all-cash versus monthly payments.
⭐ Mobile homeowners become this?
⭐ Building your word-of-mouth advertising.
⭐ What most sellers will sell their home for?
⭐ Actions speak louder than words.
⭐ Pulling the trigger and taking action when you create a good/great Win-Win deals.
⭐ Overcoming obstacles and hurdles with confidence.
⭐ and much more!

Links Mentioned in this show:

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Phil
Reply December 27, 2014

hey John,

This is one of your best podcasts yet. Really enjoy these. I really like how you have broken down everything from sellers to buyers and marketing and so much else I am sure I am missing because I haven’t started yet. I am still learning so much from this site already. I suppose I just have cold feet about making mistakes. This must be common though. Any advice from someone that has been there before?

Sincerely and with thanks Phil.
- John Fedro
  Reply December 27, 2014
  
  Hi Phil,
  
  Thanks for commenting and reaching out. I am here to help provide you with clarity and answers for any confusions and questions you have. Not only now but into the future as well so don’t hesitate to reach out for help. In answer to your question you will be confused (in my opinion) until you have closed a few deals on your own and by yourself OR by listening in to past calls others have made to sellers/buyers, watching and practicing training videos, knowing what homes to buy and not buy, where to purchase them, what offers to make, how to speak with buyers and sellers, the paperwork involved, asking every question you have and getting it answered and of course and much much more I am forgetting in the quick reply. Said another way what has helped others is for you to see and understand “a clear path” you will be walking/running while building your business. Starting and growing your business can be done alone via a trial and error type method, or by having someone very experienced in MHI locally or out of state helping you first hand with every aspect of this business. This may sound like a huge challenge however many have succeeded before you and many will after you so ask as many questions as you can, reach out to me/others when needed, and always aim to get a seasoned investors help when possible. You are never a burden so ask the questions you need to and feel free to reach out to me about training if interested and we’ll move forward accordingly.
  
  Talk soon,
  John Fedro
  - Phil
    Reply December 27, 2014
    
    Thank you fom the bottom of my heart John. That makes total sense and I do have many more questions. I just sent you an email. Thank you in advance and have a great New year.
    
    Sincerely and with thanks,
    Phil Jurison
Peter Hayworks
Reply December 30, 2014

Great story and podcast guys. Congrats Stuart!

Cheers,
Peter Hayworks
- John Fedro
  Reply January 3, 2015
  
  Thanks for commenting Peter. Glad to have you here with us.
  
  Best,
  John Fedro

MHI 007: Mobile Home Investing in a New State With Stuart Bateh