In this episode, we are going to introduce you to a concept you might have not heard about and that is investing in mobile homes. This is a method of investing that has a low barrier of entry.
Our guest John Fedro is a real estate investor who has been investing in mobile homes for the last 15 years and he is going to teach us what he has learned from all of his experience.
At the age of 20, John made his first purchase as a mobile home investor after using every ounce of savings that he had at the time. He hasn’t looked back since and in addition to creating his own cash flowing portfolio of mobile homes, he’s helped countless others do the same.
At first, he was embarrassed to tell his real estate investor friends what he was doing, but as he got the hang of the process those same friends ended up giving him more mobile home leads. By the end of year 1, he had 14 properties!
In this episode, he is sharing his story and everything that he has learned so that you can be equipped to make money in mobile home investing too!
What You Will Learn
- How to make money out of mobile homes.
- In what ways the mindset of people selling mobile homes is different.
- How to get the most money out of mobile homes by using different payment options.
- John explains his method of operating mobile homes for good cash flow.
- The importance of screening people in mobile homes.
- How to begin searching for things that maybe you can invest in.
- Where to find mobile homes and different ownership styles.
- Resources to thoroughly research mobile home parks and their importance.
- How to categorize mobile homes to find better clients.
- Tips to screen the people and how it can make your life easy.
- How to use interest as a lever to get payments earlier.
- Why John aims for 12 months of ROI and 60 months of payment plan and minimum of 300$ per month cash flow.
- How to make calculations for the price of the house.
- Why screening people reduces the management cost of running this business.
Resources Mentioned
- Mh Village: https://www.mhvillage.com/parks
- To learn more visit: https://www.mobilehomeinvesting.net/
- Email: john@mobilehomeinvesting.net
Thanks For Listening!
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