Welcome back,
Every other Tuesday night a group of active mobile home investors and I get together and talk mobile home investing. The class is called our Tuesday night VIP Coaching call and is reserved for all active VIP Mobile Home Formula members.
This class typically runs over 60 minutes and is comprised of:
- an investing lesson
- member questions and answers
- and occasionally a special guest speaker
I mention all the above to you so that you will understand what you are about to listen to below. On last week’s call we had a great mixture of newer and seasoned real estate investors.
Tuesday VIP Coaching Call Below With Special Guest Active MH Investor Joshua W.
In the first 14 minutes you’ll discover
- How to maximize your effectiveness as a new mobile home investor.
- Fundamental differences between traditional investing and mobile home investing.
.
Last 34 minutes is devoted to our very special Guest Speaker – NJ investor dissecting his own deals
- Case study: $1,500 out of pocket for spotless 3/2 in family park. Selling via 72 month cash-flow note + approximately $2,500 move-in fee from buyer.
- $15,000+ profit over 6 years cash-flow
- Benefits and tricks to finding Win-Win investing scenarios with local park managers.
Congratulations Joshua!!! You’ve earned it. 🙂
If you have any mobile home related questions don’t hesitate to comment below or email me personally.
Love what you do daily,
John Fedro
support@mobilehomeinvesting.net
Related Mobile Home Formula Coaching Call video:
18 Comments
Robert Santiago
November 20, 2012Hi John,
I always get such great information from you here! This is a wonderful example of making real money and a real difference by working smarter and NOT harder. Great job to Joshua for this deal and him coming on the phone to help others.
I do have one question for you or Joshua. Lets say you structure a good deal with a park manager on some good terms. Is there a form that you have to protect both myself and the park? That would obviously be great to have and would make me sound much more professional. Thanks in advance.
Sincerely,
Rob Santiago
John Fedro
November 20, 2012Hello Rob,
Thanks for the kind words and glad to hear we are making a difference in your life. To answer your question we do have a Park Incentive Agreement that can be used in just such an occasion, however often times a park will have their own forms or draft their own forms to protect themselves and you. If the park does have their own forms then use these to get the great win-win deal done (then celebrate :). Make sure to read and re-read the contract twice before signing it and agreeing to all conditions. Feel free to send me the paperwork to look it over.
Best,
John
Wendy
April 22, 2013I could not get any audio to run? Did I miss something
John Fedro
April 23, 2013Hi Wendy,
I have tested the audio in both Google Chrome and Internet Explorer and the audio works correctly. When you press the play button you should see the counter on the right side of the audio box quickly count to 55:41. If this does not happen then something is wrong, however if this does happen perhaps your audio is turned down too low.
Let me know if this helps,
John Fedro
Frenchie
June 27, 2013John,
I have the opportunity to purchase a corporate mobile home park, but I am unable to locate funding. Can you help?
John Fedro
June 28, 2013Hi Frenchie,
Thanks for reaching out to me.
Have you contacted a commercial lender yet? If so what did they say. I can certainly help you as best I can. Please email me with the location and info about the potential park. Depending on the area I can connect you to a few private money lenders I know. Do you have experience in parks yet? This is an exciting time for you!
Talk soon,
John
John@mobilehomeinvesting.net
Mike G.
June 28, 2013If you are paying the owner 200 per month and receiving 300 per month it sounds like a 100 cash flow? However, what of the lot fees, taxes, repairs etc. Since it is sold there should be no repairs but you still have to pay for the lot and someone pays the taxes. So the total rent or mortgage cant be 300 and produce a cash flow. Thanks you for your help.
John Fedro
June 28, 2013Hi Mike,
Thanks for commenting. For the first 2 years I suggest you collect the lot rent and taxes from your tenant-buyer and pay the park and county directly. The TBs pay for the these fees as the property is theirs day 1. In this case the debt service to the seller is $200 per month, this $200 does come out of your incoming payment from the TB. The home pays for itself until you have satisfied paying the seller and you collect 100% of the incoming payment less lot fees and taxes. Repairs are the TBs responsibility of course.
Best,
John
Bill
July 7, 2013How do you become a VIP member in order to attend Tuesday night calls?
John Fedro
July 8, 2013Hi Bill,
This is a premium monthly service that should be offered to you after you began with the MHDMF. Also if we move forward with Mentoring this is included. These are recorded so they will be waiting for you if/when you want to listen to them.
Talk soon,
John
Pushpendu
October 22, 2013I’m a beginner in real estate investing and mobile home seems to be a good starting point.
I would like to have more details
John Fedro
October 22, 2013Hi Pushpendu,
Thanks for commenting and reaching out to me on this matter.
I am glad to have you here learning about this great business. A starting point will depend on your desired outcome. The teaching I have and implement on a weekly basis is that of helping sellers that need to sell their mobile homes and reselling them to low-risk buyers, usually for monthly cash-flow. Please check this site out and watch the lessons I have for you throughout the site. In addition there is paid training that is complete with everything I new investor needs (including support) to get started safely and keep investing in mobile homes inside and outside of parks on a regular basis.
Any other follow up or new questions don’t hesitate to ask.
All the best,
John Fedro
Isabella R
June 3, 2014Hey John,
I read your blogs on a regular basis and have never commented but wanted to say thank you for all of this. I love your humoristic style too. Keep up the good work!
John Fedro
June 8, 2014Hi Isabella,
Thanks for commenting and reading along all this time. I hope I have given value to you over the months. If you have any questions don’t hesitate to ask.
Best,
John
Mike Lasson
September 18, 2014Congratulations Josh and Jon! Great inspiration and thank you!! Im a big fan.
Mike Lasson
John Fedro
September 18, 2014Hi Mike,
Right on! Thanks for the kudos. Let us know if we can do anything for you or you have any mh investing questions while running forward.
Talk soon,
John
Chris Brown
April 21, 2015Hi John. I’m considering your formula training and am curious about a couple things. Apparently I’m a few minutes (literally) down the road from Josh. Do you know if he is still investing in MHs? I’ve read and watched a few things where you mention Dodd Frank and the SAFE Act. Now that we’re almost five months into 2015, do you feel confident that you have a safe and cost effective way of staying compliant or of being exempt? If so are you sharing your latest methods of this with the new enrollees of your formula? Thank you for taking the time to answer and for all the work you have done promoting this area of investing.
Chris B. in Southern NJ
John Fedro
April 24, 2015Hi Chris,
Please see my thoughts below in bold.
I’m considering your formula training and am curious about a couple things. Of course. Ask any questions needed. I am all about clarity. Apparently I’m a few minutes (literally) down the road from Josh. Right on. Glad to have you here. Do you know if he is still investing in MHs? Yes, I am in touch with Josh weekly. If/when you begin you can network with him via our private Fb group if you wish. I’ve read and watched a few things where you mention Dodd Frank and the SAFE Act. Now that we’re almost five months into 2015, do you feel confident that you have a safe and cost effective way of staying compliant or of being exempt? Correct. As the laws are written right now we do. If these laws change or new laws are added this may change. If this is the case we will figure out other methods to legally and safely help sellers while keeping all parties safe. I hope this makes sense. If so are you sharing your latest methods of this with the new enrollees of your formula? Of course. Thank you for taking the time to answer and for all the work you have done promoting this area of investing. Of course. If you have any follow up questions don’t hesitate to ask. Whether we get started together or not I am always here to help.
Talk soon,
John
Leave A Response