On the His & Her Money Show, we’ve covered real estate investing from a lot of different angles:…but never like this.
As Byron and Sharnice lost their jobs and needed a reliable source of income. Byron had tried real estate investing a few years before but was never able to make it a good profit.
Then one day, Byron heard a podcast about a very interesting real estate investing opportunity with very low cash and didn’t require having a perfect score.
That opportunity was investing in mobile homes.
Find out how Byron and Sharnice took this investing opportunity (that most of us didn’t hear about) and turned it into new streams of income for their family and education for a whole new kind of investor.
Sharnice and Byron share why they decided to go “all in” with mobile home investing, how they took their first steps, and how newbie investors can get started with some research, a little cash, and some fieldwork.
The couple goes in-depth about the numbers behind this investing strategy. Byron and Sharice share what they paid for that first mobile home and how they flipped that into the 25-mobile home empire they have today.
Byron and Sharnice are mobile home investors and creators of an educational company, The Mobile Home Elite Investors. To find out more about them, you can check them out on Facebook, or Instagram
What You Will Learn
- How Byron & Shanice started in the mobile home investing business
- Why Byron and Shanice chose to get into mobile home investing
- Why should investors start looking at mobile homes?
- Can you really buy a mobile home as an investment?
- How to shop for a good mobile home investment
- Common mistakes newbie investors make in buying mobile homes
- Do you buy and hold mobile properties or can you flip them?
- How do you find leads?
- How do you qualify tenants?
- Do banks get loans for mobile home investors?
- How do you get paid as a mobile home investor?
- Do you use a team to help you?
- Tax implications of mobile home investing
- Can I invest from my laptop?
Resources Mentioned
- How to Become a Successful Mobile Home Investor (Course)
- Bigger Pockets
- Craigslist
- Letgo app
- Cozy app
- Google Maps
Thanks For Listening!
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