Mobile Home Investing Podcast John Fedro

In today’s podcast video we are talking with active Mobile Home Formula investor Megan. Megan has been busting her butt for the past year making a name for herself in the mobile home investing space. Megan is now successfully investing around her state and is well known by other mobile home brokers and park managers statewide. This success did not come by accident, but rather from a specific plan and daily action from Megan.Like almost everyone, when Megan got started investing in mobile homes she had countless questions. Megan and John talked almost daily while building her mobile home investing business.Megan has overcome struggle after struggle in order to achieve her success. She knows she still has a lot more to achieve.A special thank you to Megan for hopping on today’s video to share her business details with others and help other mobile home investors she will likely never meet.Mobile Homes Investing VS. Single Family House InvestingNo one is born a mobile home investor. No one is born a single-family house investor. There are many ways to discover the real estate investing field, however typically investors find themselves gravitating towards 1 niche or another.Like many folks, when Megan heard about mobile home investing through her family, she was skeptical. Actually, Megan admits to rolling her eyes and laughing at the idea of investing in mobile homes. This attitude is extremely common, who wakes up and thinks to themselves “I want to invest in mobile homes today?”After doing more research Megan did the math to realize that mobile homes were just as profitable as single-family homes when it comes to monthly cash flow. Additionally…* There are way less mobile home investors compared to single family home investors.* There is way less capital needed when investing in mobile homes compare to traditional houses.* The risk is much lower in mobile home investing, but serious risk does still exist.* Mobile home sellers can be in a real time-crunch to get their mobile homes sold quickly.* This year is a great time to sell mobile homes for all cash or monthly payments.* When selling mobile homes on monthly payments the cash flow can be very similar to that of site-built houses.Sacrificing Today’s Resources for Her Family’s FutureDo not believe anyone that tells you mobile home investing will make you rich quick.Mobile home investing regularly in deals every month can take 20 to 30 hours each week dedicated to your mobile home investing business. Think you have what it takes?Megan tells of a story about her driving over two hours away from her home to invest in a killer mobile home deal. Megan stayed an additional few hours at the mobile home while the seller packed up and moved out. Megan then had to drive all the way back home late at night. This was done with her kids and newborn baby in the car with her.Megan has put in the time to learn this business, to overcome her fears in order to gain the skills to helped so many local mobile home buyers and sellers in her market.Appreciating What You’ve Accomplished, While Still Always Aiming for Bigger Goals.Outsourcing is what Megan is currently working on growing. Megan’s mobile home business is growing, and she will need to outsource and automate her mobile home investing daily workload in order to scale and continue investing in mobile homes while investing less of her own personal time.Megan is becoming the definition of, working smarter and not harder.In today’s podcast you can watch Megan as she discusses her attitude about her recent successes. As we become more and more successful,

In today’s mobile home investing lesson podcast #48 you’ll hear from a new father and son investing duo. These newer mobile home investors have been having recent success wholesaling and flipping mobile homes to happy cash buyers. These investors even have cash-flowing mobile home properties located in safe and populated areas.None of their success came by accident. Wayne Sr. and Wayne Jr. dedicated themselves to learning this mobile home investing business. They are successfully making a name for themselves locally.Special thanks to Wayne Sr. and Wayne Jr. for hopping on today’s podcast to help other mobile home investor’s they’ll likely never meet.Wayne Jr. and Wayne Sr. got started with little real estate knowledge and zero manufactured home investing experience. What they lacked in experience and knowledge, they more than made up for in desire, motivation, and persistence to learn everything they could about the mobile home flipping business and how to safely help others.Wayne Jr. & Sr. wanted the best mobile home education they could get as a mobile home investor.Watch and listen to today’s podcast for a clearer picture of what your mobile home investing business can look like in 2024.Whether you are investing in mobile homes full-time or part-time, the goal is to help others while creating a substantial profit for yourself. The more people you help the better your reputation becomes, the more your knowledge grows, and the more people we can continue helping.Some say mobile home investing is the most affordable way to break into a real estate investing career. Decide for yourself if mobile home investing is right for you. Sign up for a FREE membership to learn more about mobile home investing here (https://www.mobilehomeinvesting.net/).In conclusion, mobile home investing takes hard work and typically daily effort to make a consistent name for yourself and help multiple buyers and sellers monthly. You will never learn everything you need to know about real estate investing from reading books or watching videos. While there are many ways to make money in real estate, there are countless ways to lose profits as well. Have fun and take daily action to reach your financial goals sooner rather than later. If you have questions, please ask them. There are plenty of active investors around to give you help and guidance if you simply ask for it.

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 JohnHelping Others FirstZig 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.Becoming a Mobile Home Licensed Broker or DealerAlmost 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.Winning Requires DeterminationAs 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.

In today’s 33-minute Mobile Home Investing Lessons podcast episode #46 we sit down with active Mobile Home Formula members Ian and Daniel. The two best friends have helped dozens and dozens of mobile home sellers and buyers in their short time investing.Over 70+ mobile homes bought and sold, or wholesaled, in just over three years. This averages out to 2 mobile homes purchased and resold each month, for 36 months straight.These investors are not geniuses, but they are hard-working, ambitious, dedicated, and ethical friends that do not have to work a 9-to-5 job anymore. Listen to what these two investors have to say.A special thank you and shout out to Ian and Daniel for hopping on today’s call. Hopefully their sacrifices will now go on to help you grow your mobile home flipping business.In today’s mobile home investing podcast #46, John, Ian, and Dan gossip about…* 0:00 Introduction* 0:45 What are you willing to sacrifice?* 1:30 How much cash did you have to start?* 3:15 Cash or Cash-flow for you?* 5:15 Tips partnering with a best friend.* 8:40 Work life balance tips.* 12:05 Deals out in the middle-of-nowhere.* 15:00 What does an average deal look like? * 16:20 Do you need a sales lot?* 18:10 Do you think your age matters?* 18:50 Do you have a boss?* 21:50 Discrimination* 24:30 Providing value over price to seller.* 27:00 Setting correct expectations.* 28:40 Taking 6 months to close?* 29:00 Hours you put into your deals.* 31:20 What’s been one of your simplest deals?#1 SacrificingHelping others and growing a business requires you to make regular sacrifices. We all intuitively know this and understand that growing anything substantial will take time, effort, and some capital. However, until you have traveled the journey yourself, either by yourself or with the help of a partner, it will only be something you have heard about secondhand.Ways to help your business:* Vision boards: Cheesy or not, they help when you see them multiple times per day.* Hang around other like-minded investors. Join one or multiple real estate investor clubs nearby. Perhaps start your own.If you’re willing to sacrifice for the next five years will be able to do amazing things. Keep in mind that you should be achieving profitable deals right out of the gate.As you watch and listen to Ian and Daniel’s podcast you will hear the sacrifices, they make to be accountable to themselves, each other, and their business.* SACRIFICE your TIME hanging out with friends IN ORDER to meet with park managers and other mobile home sellers to build your successful business.* SACRIFICE your EGO IN ORDER to be a beginner and begin to master something new.* SACRIFICE your ENERGY and personal time IN ORDER to guerrilla market your business and service to build your successful business.* SACRIFICE your FAMILY time IN ORDER to close with buyers or sellers and build your successful business.* SACRIFICE some PROFIT IN ORDER to keep the deal moving forward and make the seller happy.Everyone that you see who is successfully investing in multiple mobile home properties is making constant sacrifices. Keep in mind that the sacrifices are definitely a good thing… No pity is deserved here. If you are reading these words and are not yet a active mobile home investor, then you have more sacrificing to do. We all do.#2 Multiple purchase strategies to help most mobile home sellers.Having multiple strategies to help each mobile home seller is something we talk about on this website often.

Once upon a time, there was a lady named Lameka who wanted to do something really special. She wanted to make money, but she also wanted to help people. She had a big dream of owning mobile homes and turning them into nice places to live while making some money. In today’s Mobile Home Investing Lessons podcast #45 we’re talking with active mobile home investor Lameka.Facing Her Scary FeelingsAt first, Lameka felt scared because she didn’t know much about mobile homes. But she didn’t let fear stop her. She decided to learn all she could about mobile homes. She read books, went to meetings, talked to people who knew a lot about them, and found a partner to learn from. Learning made her feel less scared.Lameka says, “with passion, belief, action, and accountability, we can achieve anything!”Helping Others and Making MoneyLameka didn’t just want to make money; she wanted to help families find good homes they could afford. She knew mobile homes could be great for that. So, she bought some old mobile homes and fixed them up to make them nice and cozy. This way, she could help people and make a profit too.Finding People Who Really Wanted to SellTo make her dream come true, Lameka needed to find people who really wanted to sell their mobile homes. She got good at this by talking to lots of folks and building trust. When mobile homeowners needed to sell fast, they thought of Lameka because she was local, friendly, and fair.Selling Fast to Happy BuyersOnce Lameka had nice mobile homes ready to go, she wanted to sell them quickly. She made sure to tell people about her homes and show them how great they were. Buyers were happy because Lameka was honest, and they got good deals. She sold mobile homes for all cash and others for monthly payments.You Can Do It TooLameka’s story shows us that even if we feel scared, we can still go after our dreams. If you’re interested in mobile home investing like Lameka, start by learning more about it. Talk to people who know about it and continue learning. Don’t let fear stop you. Use it as a way to make yourself better.Lameka says, “Whatever your goal, stay focused and take action to make it happen.”Lameka’s adventure is proof that we can do amazing things when we try. You can follow in her footsteps. You might even discover that you can help people and make money at the same time. So, don’t be afraid, start your own adventure in mobile home investing!In today’s Mobile Home Investing Lessons Podcast #45, we uncover:* 0:00 Welcome Lameka* 1:10 Mobile home investing VS Youtuber* 2:00 Multi-passionate Entrepreneur* 2:30 Real estate investing crash.* 7:00 Learning a new business.* 9:00 Invest without ever seeing the mobile home.* 11:00 Keep the home and rent the land.* 16:45 Park manager relationship.* 18:40 Investing safely.* 24:10 Buying or Brokering?* 28:00 Working with banks.* 31:00 Deal breakers when selling.

In today’s Mobile Home Investing Lessons podcast #44 we’re talking with active mobile home investor Doug. Doug has been an active mobile home investor in the state of Texas for over two years. Doug can now add to his title, Mobile Home Dealership Owner and operator.It’s been incredible to watch Doug bust-his-butt and grow his mobile home investing knowledge, returns, reputation, and now his own used mobile home dealership.Watch today’s podcast and discover…* How to start your own used mobile home dealership?* How to end things the right way with the wrong business partner?* How to build an ethical and successful mobile home investing Empire?Disclaimer: Most investors can be wildly successful without ever building a mobile home dealership.Now it’s a family business!Doug was able to retire his wife from her full-time career. Now she works in the family business at the mobile home dealership lot when needed. It certainly does not hurt that Doug’s wife is bilingual and just as hard of a worker as Doug.Doug’s team members included:* Mobile home moving companies: Doug outsources this task to different third-party mobile home moving companies he likes and trusts.* Rehab crew: Paid for and maintained by Doug.* Office manager: This role is filled with Doug’s wife. Overseeing day-to-day management of the dealership and more.* Sales agent: A young go-getter handling office duties, showing properties, closing paperwork, due diligence, and more. This agent is licensed and working underneath Doug as a mobile home sales agent.Since this is now a family business, Doug lets his payment-buyers know that they will be dealing with him moving forward. Doug lets his payment-buyers know he is careful with his money, checks backgrounds carefully, and wants to make sure payment-buyers have the ability to repay for the home. If the payment-buyers do not pay, then he will be taking action and quickly repossessing the property.Pro Tip: Doug gives a ton of great tips throughout the video. However, it may be wise for you to not follow this specific advice about disclosing that you are the business owner. It can be very helpful for you to appear to work with a company. This way you don’t have to be the top dog ultimate decision-maker. This way you can be the “good cop” while the projected company remains the “bad cop”.Doug’s Business ModelsDoug does part of his mobile home investing business inside other people’s local pre-existing mobile home parks. Doug also does many mobile homes transactions when the home must-be-removed from current land. Doug pays for the mobile home and the transportation costs back to his dealership.In today’s video Doug talks about his three strategies once the mobile homes get to the dealer’s lot:* Doug pays his full-time rehab crew to rehab the mobile home to rent-ready type of standards.* Doug resells the mobile homes As-Is without putting any money into the property.* The as-is mobile homes are shown to buyers. Some of these future payment-buyers agree to prepay for all the repairs to be completed by Doug. In this way Doug will not have to pay out-of-pocket to have his rehab crew do the work.Pro Tip: You can resell quickly if you resell for below-retail prices. Doug was taught to buy mobile homes at really good prices. Doug resells at competitive prices and therefore has multiple qualified buyers to choose from.Doug says,