Welcome back,
In today’s article I want to discuss some of the reasons to get off the proverbial bench and start investing in mobile homes this month. In the next 30-45 you can successfully purchase and resell a profitable mobile home deal. This profit is not without effort and daily action.
Truth 1: Being a mobile home investor is simple.
I do not mean easy. There are over 100 specific steps to creating long lasting value and establishing yourself as the dominant mobile home investor in your area. However after 24 months I had most of these steps down-pat. That is not to say I am not still learning about this business but by the time I was 2 years into being a successful mobile home investor I had seen most average purchase and resale situations and scenarios. Compared to traditional real estate investing this was child’s play with incredible returns. After 9 months I had obtained 11 mobile home properties cash-flowing over $3,500 monthly.
Truth 2: You can duplicate my success many times with proper training.
When I started 10 years ago I had no help, not even the mentors I was working with knew what to do with mobile homes. My first deal made me over $30,000 and the rest began to cash-flow at incredible returns, each home netting an average of $310 per month at the time (Today closer to $380/mo per roof).
When I got started I made many mistakes and setbacks. Having real-world present-day mobile home investing help with video step-by-step tutorials, live demo calls to sellers, a live mentor, and every contract explained to me would have only propelled my success even faster.
Truth 3: This business takes guts. Do you have them?
Sixty seconds from my first appointment with a mobile home seller I got sick to my stomach and vomited on the side of the road, really missing my car. This deal I acquired for only $300 at the time of closing. The short and sweet bottom-line is that it took guts for me to follow through with that first appointment. I can only imagine my breath was horrible and I had shaky-nerves to say the least.
So the good news is if you have ever said, “there is more for me in life than what I am doing right now” you very well may be correct. Success comes down to correct daily action, not money, not credit, not connections.
Truth 4: There are certain advantages mobile home investors have over other type of real estate investments.
If you have any mobile home related questions don’t hesitate to reach out to me.
Love what you do daily,
John Fedro
support@mobilehomeinvesting.net
Related Get Off The Mobile Home Sidelines videos:
8 Comments
Jeff
January 1, 2012Hi John,
I live next door to you in New Mexico. I know that Mobs.and Mans.are very popular here.
I’m interested in learning your techniques on using little to no money when putting together deals.
I hope your training is reasonably priced – perhaps even partnering with your students on their
first few deals, on a case-by-case basis as the opportunities present themselves?
Jeff H.
John Fedro
January 1, 2012Hey Jeff,
Thanks for reading. I don’t live in NM but do have a number of investors I have helped there so maybe you live close to one of them? There are more than enough deals for us all and I would be happy to give you the tools I have acquired over the years. This business isn’t complicated but it does take action – so as long as you can take action semi-daily you’re golden!
I do partner with students from time to time and the coming course I mentioned in this article is the most reasonably priced item I have created. For the past 3.5 years I have only helped 1-on-1 coaching which is where I have turned away a lot of people that couldn’t pay thousands of dollars. Whats coming this January is a no-fluff response to everyone that wants to get started now but is on a very tight budget.
Sincerely,
John
Andre
January 6, 2012John,
As a NY guy you know I am not happy to see my team with there heads down…lol but I wont take it personal. Great article by the way. Keep teaching and preaching man!!!!
John Fedro
January 7, 2012Hahaha, Great comment Andre. Had to do it, Go Heat! 🙂
William
February 26, 2014Awesome stuff John!
Sincerely,
William
John Fedro
February 27, 2014Hi William,
Thanks for the kind words.
Best,
John
Aaron Johnson
October 28, 2014I appreciate your website and your YouTube page.
My question to you is, when closing a home in a trust. Do I close the home in my name initially, and then transfer to a trust later on? Or do I establish a trust at closing and sign as a trustee at the closing table?
Do I put multiple properties into the same trust? or do my trusts vary based on the State the home is in?
Thank you for your feedback
John Fedro
October 30, 2014Hi Aaron,
Thanks for reaching out and your kind words. Concerning trusts it is my advice to create the trust prior to closing and close the mobile home inside the trust from day 1. Make sure to place one mobile home per trust. Yes, some changes will be made from state to state on your trusts.
Happy to help,
John
Leave A Response