Welcome back,
In today’s mobile home investing lessons podcast you are in for a treat. I’m so proud of these two investors. They are such great examples of running a successful mobile home investing business with a spouse. Tonya and Anthony have been happily married for decades. They’re now busy full-time mobile home investors that started investing just a few years ago.
In a short period of time Anthony and Tonya have proven themselves as trustworthy and life-changing investors/brokers for the mobile home buyers and sellers they work with.
Mobile home investing requires determination. Success requires determination. Determination is not something that can be taught. You either have it or you don’t. These two investors are a great example of dedicated and determined investors.
Special thanks to Anthony & Tonya!
In today’s mobile home investing podcast #47, we discussed…
- 👉 0:00 Mobile home investing
- 👉 1:30 Prejudice towards mobile homes.
- 👉 3:00 Background before mobile homes.
- 👉 5:45 Deals you both won’t ever do.
- 👉 8:10 Giving advice for free.
- 👉 9:40 Benefits to people liking you.
- 👉 11:10 Most shady people
- 👉 16:15 Buyer beware
- 👉 19:20 Brokering mobile homes.
- 👉 21:30 Park being shady stealing deals.
- 👉 23:20 Salvaged mobile home title process.
- 👉 32:40 Underground market for homes with no VIN or Title
- 👉 33:30 Working with John
Helping Others First
Zig Ziglar roughly says, “The more people you help, the more value you will create.” As investors and entrepreneur, we do not get paid weekly to start. Before the riches comes education and helping many people for free.
Related video: Meet a payment-buyer named Marylou.
Becoming a Mobile Home Licensed Broker or Dealer
Almost every state requires an individual to become “licensed” when more than a certain number of mobile homes purchased and resold within a year. Or if an individual is acting as a personal property realtor between mobile home buyer and mobile home seller for a profit. Both these scenarios may fall under a mobile home dealers/retailers license or a mobile home broker’s license.
Not every unlicensed investor is ethical, unethical, knowledgeable, or unknowledgeable. Same goes for licensed investors who are not always ethical into are not always knowledgeable. It is important for each one of us to become educated and make sure we set our buyers and sellers up for success.
Related video: When to get a mobile home dealers license?
Winning Requires Determination
As you listen to today’s podcast it is easy to hear how Tonya and Anthony could have quit at any moment in the past. These two investors support one another and love one another whether any deals fail or succeed.
Today’s podcast shows example after example of Anthony and Tonya remaining persistent and focused towards achieving their goals. Success does not care if you are excited, feeling positive, or feeling negative. Success only requires that you do the work.
You can do it!
Love what you do daily,
John Fedro
support@mobilehomeinvesting.net
Listen to John, Anthony and Tonya’s Podcast here…
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4 Comments
Lee
December 17, 2023Hey Jon. Do you have advice & knowledge about light nuisance directed at our home by park owner. Stated it’s for insurance but intended site is for lot behind it. To top it off John, it’s a very bright double led.
We want to sell now but with this harassment doesn’t seem possible. This guy is notorious for this behavior.
Thanks
John Fedro
December 19, 2023Hi Lee,
Very good to hear from you. I very much regret to hear about the difficulties and headache you are having from this Park manager. Through first-hand experience and secondhand experience I have heard of and dealt with some really really evil park managers. Then again, I have definitely dealt with a lot of emotional and immature Park manager as well that are much less toxic. I hope you are dealing with a Park manager that can be easily bribed or swayed by some flattery type of talking. Then again, if you sell the mobile home the next person will simply have to deal with this guys harassment. It would be great to get this gentleman fired or arrested however that may not be likely or possible. With regards to suggestions, the Park manager can definitely deny anybody from comfortably living there. In reality, they can deny people that are likely approved, however the Park manager simply may not like them on that specific day. It is definitely not right or fair, however it is reality most of the times. Even if you fight this in court and win by getting your buyer approved, the buyer will not likely want to live there in the Park manager will really make your life difficult at that point. Depending on the age and positioning of the home in the park, you may be able to remove this one if possible. If the home is built after 1976 then there is a good chance it could be removed if possible. If the manager is telling you the reasons the people are not approved, then perhaps you can do your own background check and bring everything into the Park manager with the potential resident to make sure things go smoothly. However park managers like this can constantly move the goalpost and change things up on you. Keeping them happy with you are making a few repairs on the home to get somebody approved may be the easiest thing to do. I do not like giving in to awful managers like this, however sometimes it is easier to be friendly to these types of managers than being difficult. However that is easier for me to say is I am not currently dealing with this guy. Additionally, contacting your states Atty. Gen. might be helpful if this guy has a pattern of harassing multiple homeowners in previous occupants. Any follow-up questions never hesitate to reach back out anytime or email me directly. All the best.
Talk soon,
John
Kurt
June 27, 2024Hi John
I’ve started your online mini course, am working through the lesson material and not quite able to differentiate between the two deal types listed above in the subject ie #1 Wholesale, consignments & brokering, versus #2 Selling for all cash.
Both require taking possession, both obviously end as sales. So is the only difference that for #2 we may or may not repair the home or hold it for some period of time before selling or is it that #1 requires some kind of financial institution to transact the deal whereas #2 is strictly (literally?) all cash?
Regards
Kurt
John Fedro
June 27, 2024Afternoon Kurt,
Thank you for reaching out and connecting. Please see my thoughts below in bold.
I’ve started your online mini course, am working through the lesson material and not quite able to differentiate between the two deal types listed above in the subject ie #1 Wholesale, consignments & brokering, versus #2 Selling for all cash. Very good question. When you are selling a mobile home for cash, this means that you own the mobile home and are reselling it to a buyer where the title will transfer from you to this new buyer. However when you are wholesaling, consigning, or brokering the mobile home you are acting as a personal property Realtor that is getting the home under contract and finding a buyer to purchase the mobile home. You will then keep a predetermined amount or some amount over the agreed upon price with the seller. I hope this makes sense and helps a bit.
Both require taking possession, both obviously end as sales. So is the only difference that for #2 we may or may not repair the home or hold it for some period of time before selling or is it that #1 requires some kind of financial institution to transact the deal whereas #2 is strictly (literally?) all cash? I would encourage you to only invest money on rehabs if you actually owned the home. Most of the time we are selling for cash these days, however you can certainly sell for payments or wholesale to a payment buyer as well. I hope this helps and makes sense. Moving forward if you have any follow up questions never hesitate to reach out any time.
Talk soon,
John
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