Welcome back,
In Natalia’s short time investing in mobile homes, she has already been able to create enough value to leave her full-time accounting job. Natalia now invests within multiple states around the NYC nearby, helping many buyers and sellers in need along the way.
Thank you to Natalia for coming on today’s podcast and sharing her mobile home investing business with us all. Listen as Natalia shares what is working for her and how she overcame some of her toughest obstacles while building her mobile home investing business in New York, Pennsylvania and New Jersey.
Watch today podcast or listen below. Learn from Natalia’s stories so you can make more money faster and help more sellers and buyers this year.
- ⏩0:00 Getting started with mobile homes
- ⏩1:50 Intro Natalia
- ⏩4:00 Hours per week?
- ⏩5:15 Cash or payments
- ⏩8:00 Favorite deals
- ⏩11:00 Be noisy
- ⏩12:15 Must be moved
- ⏩20:00 Solving this issue
- ⏩22:00 Following your ethics
- ⏩24:00 Going to court
- ⏩28:15 How it broke?
- ⏩32:02 Second home moved
- ⏩34:15 How long to resell?
- ⏩37:30 Land deal
- ⏩39:00 Confidence we gain
- ⏩40:20 Advice
Buying property via Delinquent Tax sale lists.
In today’s podcast we talk about multiple ways of buying mobile homes and various situation the sellers may find themselves. One deal Natalia remembers during our podcast was a home she purchased directly from a county due to defaulted property taxes.
Natalia was able to purchase the property for cash under $4000. This particular property was a parcel of land that previously held a mobile home. The previous mobile home was removed already, however the connections to the sewer and city water line were still connected and ready.
Natalia quickly listed to land with a Realtor after only seeing the property once. While other mobile home investors may have added a mobile home and then resold the property, or rented it for long term profits, there is nothing wrong with Natalia tripling her money after owning the property less than a couple weeks.
Natalia’s exit strategy: Sell to a cash buyer and triple her investment without touching anything. Natalia locked in her profit when she purchased the good deal.
Buying and selling without ever seeing the mobile home.
In today’s video podcast Natalia reminisces about a mobile home she purchased and resold without physically seeing the property. This mobile home was roughly seven hours away from Natalia at the time.
After deciding over the phone that the mobile home was worth checking out, Natalia hired someone local to visit the property, take dozens of pictures, test utilities, look under the home, perform other tasks, and drive through the community in order to give Natalia a clear picture of the home she was going to be making purchase offers to buy.
Natalia and John created and made purchase offers to the seller. The seller and Natalia negotiated some until a win-win deal was reached. Natalia admits her negotiation skills need improving; however, even without negotiating much, she manages to close really profitable deals.
Natalia and the seller met halfway to close and exchange money and paperwork.
Related article: Making Money Investing and Moving Mobile Homes in Maine
After Natalia purchased the mobile home, she quickly listed the property for sale on Facebook. Quickly finding a cash buyer that wanted to remove the mobile home from the mobile home park. Natalia made sure to ask the park the procedure for removing a mobile home from the community, and the park managers made a better offer to purchase the mobile home directly from her.
- ✔️Natalia is happy she sold the home for a BIG profit.
- ✔️Park is happy they get to keep the home within the community.
Movers Broke Natalia’s Mobile Home & Abandoned Her…
The mobile home certainly was not broken when Natalia purchased it.
Perhaps the biggest story covered in today’s podcast is the first time Natalia actually transported a mobile home from one location to another.
This mobile home still ranks as one of her most beautiful and best purchases Natalia has made. The home was a beautiful three bedroom and two bath single wide that was lightly remodeled on the inside and not very lived in. Natalia picked this one up for $4000. The only catch was that Natalia had to move the mobile home.
Natalia is a go-getter and quickly found a mobile home park in a desirable location that would allow the mobile home to move into the community. Plus, the park agreed to pay for 100% of the transportation and set up costs, not including connection to utilities or new skirting.
Pro Tip: This gift from the park is called a move in incentive. The mobile home park is trying to incentivize mobile home owners to move into the community and bring their homes. The mobile home will likely need to remain in the park for a certain number of years in writing. Other move-in incentives include free or discounted lot rent for a certain period of time.
The mobile home park hired the movers to transport the mobile home. The mobile home movers’ job is to prepare the mobile home for transport, pull state transportation permits, and transport the mobile home safely to the new location. Once it is at the new location the mover, or someone else licensed, will then level the home on some type of blocks or support and anchor the home to the ground.
The mover didn’t do any of this!… Instead, the sloppy movers did not correctly support the mobile home or attach the wheels to the axle. The mobile home broke during transport and was dragged into the mobile home park. The mobile home transport company then ran away and ignored Natalia’s calls for help.
Watch the video above or listen to audio below to hear how Natalia won in the end. 😊
In conclusion, mobile home deals rarely fall into our lap as newer mobile home investors without hard work and daily effort. After you’ve built up a noticeable reputation for yourself and made hundreds of purchase offers, opportunities have a way of finding you more and more. In the beginning of your mobile home investing career the majority of your time and effort should go towards building your reputation, networking, and specific daily and weekly advertising.
Mobile home investing should not be thrilling, but rather a predictable and safe business. If you are taking action regularly then you should absolutely have questions about mobile home investing almost daily.
Moving forward when you have any mobile home related questions never hesitate to comment or reach out to the email below.
Love what you do daily,
John Fedro
Support@mobilehomeinvesting.net
Listen to Natalia & John’s Podcast here…
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2 Comments
zanesutherland406
November 29, 2024Wow that’s quite the story! I might have missed it, but did she say what ultimately happened with the home? Was it sold to someone handy? Also question: what causes the darkening of the insulation in the walls of that home? Is that water damage, condensation staining, rust from the screws, mold? I once saw a 70s mobile home they tried to move in the winter and it slide off the road and was in a similar but worse state, not repairable.
John Fedro
December 6, 2024Thanks for watching and commenting. Good questions. After Natalya took the movers to court and won, the movers had to pay her money for her loses and the movers pulled away the home and got rid of it. We did not follow up with the movers however they potentially rehabbed the home and resold it. However, like you saw from the videos and the pictures there was definitely a good bit of water damage and mold due to the home being open to the elements for a couple months. It is incredible how tough these mobile homes really are however they are definitely not indestructible.
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