Welcome back,
While you’re investing in real estate do you tell buyers and sellers you work by yourself, with partners, for a boss or a company? What are the advantages and disadvantages of portraying yourself as an individual investor versus a company? Is this ethical? What are some actionable steps you can take moving forward? We will cover all these and more on today’s podcast.
In today’s Mobile Home Investing Podcast episode #16, I’m super proud to welcome to the co-hosting microphone Damarice to discuss how she portrays her mobile home investing business and how this has affected her company’s growth. In this 24-minute podcast Damarice opens up her business and teaches-by-example some advantages and disadvantages when portraying your company to buyers, sellers, and park managers.
Why you should listen: Over the 1-year timeframe that Damarice has been investing she has continued to be a go-getter and self-starter. Damarice’s daily effort and passion to help others comes across loud-and-clear through in her investing, cash-flow, and the consistent deals she and her husband manage.
A special Thank You to Damarice for sharing her time and personal stories in order to help investor she’ll likely never meet.
In this Mobile Home Investing Lessons show we cover:
✔ Whom do you work for?
✔ What to say when you don’t know the answer to any question?
✔ Little things to say that portray a sizable company.
✔ Damarice case study #1: Late tenants taking advantage.
✔ Mindset to remember when speaking with sellers and buyers.
✔ Damarice case study #2: Overpaying for a mobile home and Why?
✔ Some mobile home investing lessons learned.
✔ When being emotional hurts business?
✔ What value mobile home investors bring to the closing-table besides money?
✔ Becoming too friendly with buyers and sellers.
✔ Damarice’s personal advice for YOU to avoid her mistakes.
✔ and much more!
Past Case-Study Video with Mobile Home Formula member, Damarice
Listen to the Mobile Home Investing Lessons Podcast Here
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9 Comments
Stuart
November 20, 2015Very well done podcast. This is my first time listening and I really like your low-key style compared to other interviews I’ve heard in the past. This investor obviously enjoys what she is doing. My question for you is do you or your members do much business in co-op style mobile home communities?
I will continue reviewing other material. I like what I’m seeing very much.
Sincerely,
Stuart Mayberry
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John Fedro
November 20, 2015Hi Stuart,
Thanks so much for reaching out and commenting. Additionally, thanks so much for your kind words. If you ever have any comments or questions moving forward never hesitate to reach out anytime.
Check out a previously recorded video case-study that talks about investing in co-op style mobile home parks. https://www.mobilehomeinvesting.net/6-profitable-mobile-home-formula-deals-without-competition-paul-brecht-and-john-fedro/ We’re talking about investing in the individual mobile homes during this podcast and not in the entire mobile home community.. Just wanted to make that clear. Keep in touch.
Talk soon,
John
John Butler
November 22, 2015Way to go Damarice! Very inspirational for newer investors. Keep it up.
Cheers!
John Fedro
November 23, 2015Hi John,
Thanks for commenting in your kind words. I am super happy and proud of everything Damarice is already accomplished. Keep in touch and if you have any mobile home investing related questions moving forward never hesitate to reach out.
Lastly, I received your great question for the upcoming podcast. I will definitely add this to the coming episodes. Keep in touch.
Talk soon,
John
Bill
March 19, 2016Hi John. I like this podcast very much. Please let me know when you will have more. Thank you. Bill
John Fedro
March 23, 2016Hi Bill,
Thank you so much for reaching out and connecting. I’m very glad that this podcast has been helpful and valuable to you thus far. As always, if you ever have any questions or concerns please never hesitate to reach out anytime. Always here to help. Have a great rest of the week.
Talk soon,
John
Kevin
December 6, 2015Great episode John! I always learn something new. I would suggest that Damarice represent herself as an employee of a small company (she can decide the “size”) that specializes in finding and screening affordable housing opportunities for qualifying owner occupants. To some that will sound very technical but it’s actually what you ARE doing. If they say that sounds like a RE agent you can respond by saying that it is similar however your company as provides the financing for those people looking to buy. Which is really what you do, unless they pay all cash which should be rare.
Hope this helps!
John Fedro
December 8, 2015Hi Kevin,
Thanks for commenting and saying hello. Great advice thinking outside of the box. Based on my experience I would be concerned that the description of your company may confuse buyers slightly. With that said if you are comfortable saying it then by all means it certainly does express what we do. I like to go even simpler by typically say, “you are talking to the folks that want to buy your home, not list it or help you sell it”. That is of course unless you are a real estate agent, in which case a person would want to disclose this and continue to mention you would be acting as buyer in the situation.
With all that said I love this business because there are so many ways to help local communities and local sellers. Whatever a person calls themselves or their business it is important that they do so with pride and with the understanding of how this will be interpreted by the listening party. Thanks again for commenting. I always love to get new ideas and advice.
Talk soon,
John
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