Mobile Home Millionaire – $322,000 in future profit with $3,000 initial investment in 3 months

21 Comments

February 25, 2014

Welcome back,

Over the past few months many of us have been busy in the real estate trenches building a name for ourselves, helping sellers, and creating deals. The power to leverage your time, knowledge, and capital is within you. The people that create the most value in any business are not typically special or gifted people. These folks are motivated, disciplined, and determined to succeed no matte the challenges. It could be said that successful investors are “abnormal”, as normal investors make excuses and putter along, really determined investors are following directions and creating a plan to get things done.

case study mobile home formula

In the below videos Pennsylvania mobile home investor John Henning discusses some of his current and past deals using the Mobile Home Formula training program.

Part 1

  1. John got started and became active 3 months ago with mobile home investing.
  2. You can purchase nice manufactured homes for $1.00 depending on the sellers.
  3. You can sell mobile homes as-is or fix the homes and sell for payments.
  4. Expect to receive a substantial move-in fee and monthly payments for 60 months or more when inside parks.
  5. If you can’t sell an investment manufacture home in a few days or weeks your terms are not correct for your market place.
  6. This business can be done in high and low lot rent areas.
  7. Don’t leave money on the table. Know your market by testing for buyers.
  8. Aim for a $300-$400 per month positive cash flow over debt service and lot rent.

Part 2

  1. This is a helpful business: we help buyers, sellers, park managers, the community, bird dogs, other investors, and ourselves.
  2. John Henning’s words of wisdom for newbies is to take action without delay. The first deal is the hardest.
  3. This business is not easy but it is simple.
  4. A large group of America wants affordable housing to own.
  5. Within the past 45 days of creating this video John H received 932 buyer leads for him mobile homes with inexpensive advertising.
  6. If  you can sell manufactured homes for below market rent you can sell homes really fast.
  7. John H has created $322,000 in future profits with a $3,000 initial investment in 3 months time investing in mobile homes using the Mobile Home Formula training system.
  8. Mobile homes can offer a much lower risk in dollars invested than single family homes.
  9. Spread your risk out over many mobile homes compared to one large SFR investment.
  10. Your motivation, determination, and daily action plan will determine your success.

Real estate investing is a predictable business when you understand how your local market works and how to proceed safely forward from your current position in life. There is no magic bullet for success however if you begin now your future self with thank you for taking action and joining a group of like minded active investors.

While John H. is not a mobile home millionaire yet, he is on his way to creating a huge amount of passive debt over the next 12 months. I am so proud of all you have already accomplished John using this program! Congratulations again my friend.

If you have any questions before moving forward do not hesitate to ask.

Love what you do daily,
John Fedro
support@mobilehomeinvesting.net

 

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21 Comments

  • Wes Lovelett

    Reply Reply February 25, 2014

    Hi John and John,

    Wow! Those a serious numbers of planned profit in just a few short months. Congratulations to you both and I am looking forward to attending your webinar tomorrow to hear more about your investing strategy. You mention purchasing homes from free or very little money. I am in the Cincinnati OH area and do not see any leads like this? Are these deal possible in my area? I am a newbie and would very much like to start investing asap. I am motivated and ready to go.

    Look forward to your advice and thoughts on the question above.

    Sincerely,
    Wes

    P.s. Keep doing what your doing. I love your videos here and around the internet.

    • John Fedro

      Reply Reply February 25, 2014

      Hi Wes,

      Thanks for commenting and for your kind words. I am very proud of John H and all my members.

      Your concern about purchasing homes for free or only a few thousand dollars is a common one and well placed. If you are coming from traditional investing or looking in the paper for mobile homes for sale you likely do not see many for sale in this price range. If they are in this price range then they will need moderate or more repairs. The secret we use to purchase nice and not so nice homes for these low prices is a combination of being well known in your entire area, making daily offers, making multiple correct offers by knowing your market, and following up with sellers and others regularly. With that said realize that many of the sellers we talk to are initially asking over $10,000 for their homes for sale when we find them. After educating each seller to their options with us and not with us, many times our offers are the best fit for their needs.

      In short if there are mobile homes and mobile home parks in your area, which there area many in your area, then yes this business and your success is possible.

      Looking forward to seeing you on the webinar.

      Talk soon,
      John Fedro

  • Anna

    Reply Reply February 26, 2014

    Hi,

    Don’t you need some kind of real estate or dealers license in order to sell so many homes? Thank you

  • Paul

    Reply Reply February 27, 2014

    I know I need to learn more and this video helps get me back in focus on the possibilities

  • Mark

    Reply Reply February 27, 2014

    Hi John,

    Which type of your training did John go thru – Standard or Platinum?

    Thanks,
    Mark

    • John Fedro

      Reply Reply February 28, 2014

      Hi Mark,

      John got started with the Platinum membership.

      Talk soon,
      John

  • Clinton

    Reply Reply February 27, 2014

    Great stuff John

  • Roberto Vives

    Reply Reply February 28, 2014

    Do I need the Mobile home dealer license of Texas to use your method? Thanks

  • Bill Neves

    Reply Reply March 23, 2014

    Hi John
    Another great article but… how can I access the videos. They show as ‘no longer available’.
    Thanks
    Bill

    • John Fedro

      Reply Reply March 24, 2014

      Hi Bill,

      Thanks for commenting and hosting me with me this month. So glad to have you with us.

      Thanks for bringing this to my attention Bill. The videos have been re-uploaded and now watchable.

      Talk soon,
      John

  • Arlyn Z

    Reply Reply March 28, 2014

    Great information. Is John H having any problem with the park manager if he is the person purchasing park homes and selling them to the tenant buyer? In our area they are requiring the buyer of the MH occupies the MH and not allowing investors

    • John Fedro

      Reply Reply March 31, 2014

      Hi Arlyn,

      Thanks for commenting and watching. What area are you in? I have not heard of this in an entire area, only in specific parks from time to time, usually due to the park mangers investing in the homes themselves or the park manager having a bad experience with a past investor.

      I almost forgot to answer your question. John has not mentioned this issue to me. As far as I know he works with all park managers. He has had resistance that he was able to clear up. Our goal is to help the park manager and increase revenue. Start out by introducing yourself with the “park incentive” introduction and aim to fill up their park. I wrote a past article describing this technique.

      Talk soon,
      John

  • Arlyn Z

    Reply Reply April 1, 2014

    John,

    Thanks for your reply. I am in southwest Michigan and the parks that will not work with investors, are connected with a corporation called Sun Homes. They have the majority of the parks in our area. I do like the approach though, that you talk about, where we are trying to help fill the park and having a MH that I would like to move into their park and approaching them about picking up the costs for this.

    • John Fedro

      Reply Reply April 1, 2014

      Hi Arlyn,

      As you said they own many parks, but not all. You can likely do very well if you form relationships in these other non Sun homes parks as start expanding your investing radius. Stay persistent to help others and help park managers. Keep up the good work.

      Talk soon,
      John

  • Mike

    Reply Reply April 13, 2014

    Good stuff….
    John, if you see this, I’m about an hour north of you (Allentown)….maybe we can grab a coffee…This niche is an amazing thing….

    Congrats on your success…

    Mike (484) 245-[number blocked by admin]

    • John Fedro

      Reply Reply April 14, 2014

      Hi Mike,

      Thank you for commenting here and watching. I have forwarded the info over to John H.

      All the best,
      John Fedro

  • Mike

    Reply Reply April 13, 2014

    **John Henning that is..

  • Paul

    Reply Reply June 1, 2014

    Congratulations John and Paul!! You are both true inspirations. Thanks for these videos.

    Paul

    • John Fedro

      Reply Reply June 2, 2014

      Hi Paul,

      Thanks for commenting. Through motivation, determination, and a proper investing strategy anything is possible.

      Talk soon,
      John Fedro

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