How to Start Mobile Home Investing (The Right Way) with Just $15,000
Episode #976
Episode Show Notes: link.chtbl.com/BPRE
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Can you start investing in real estate with just $15,000? Yep, and mobile home investing is how you do it. We know what you’re thinking, “I don’t want to own trailers! I want to invest in “real” houses where the “real” money is at!” That’s what today’s guest John Fedro thought too some twenty years ago when he stumbled into mobile home investing, which, at the time, was even too embarrassing for him to share. But, over the past two decades, this at-first “embarrassing” investment has made him wealthy, and if you follow his lead, it can do the same for you.
00:00 Intro
02:32 Seller Financing...Mobile Homes?
11:18 Win-Win Seller Financing
16:52 3 "Levels" of Mobile Home Investing
22:08 How Much to Invest?
23:53 Cash Flow and Profit Numbers
26:51 What to Look Out For
32:38 New Investors, Do THIS!
33:52 Would WE Invest In It?
John has successfully made money with mobile homes in various ways: buying and flipping, wholesaling, renting, and seller financing, the main topic of today’s episode. He provides a masterclass on how to make money buying and selling mobile homes, where you essentially take on the role of the bank. However, it’s crucial to be cautious. Mishandling this could lead you into an ethical gray area and potentially harm your buyer. On the other hand, getting it right can create a win-win situation for both the buyer and seller while making you wealthy.
John shares his whole strategy, plus how he’s getting into deals for $15,000 and often making DOUBLE his money and $400 per month (or more) cash flow per door when he seller finances these properties. If you want a way to get into real estate investing without a ton of cash but with the potential to make a serious return on your money, this may be your winning strategy.
Пікірлер: 17
This was a good interview. I always here about mobile home parks and wholesaling, nice to be introduce to more options around mobile home investing.
For the question on the one on a acre, it has to be converted to real estate if not already done, otherwise it's considered chattel. I am sure there are different requirements in different areas, but in Ohio it has to be permanently affixed to a foundation and the title must be surrendered and documents recorded with the county. There are also restrictions based on the age of the home (70's, think 1974) due to the building requirements.
Pace Morby does the lease to own option with no remorse, he knows those people aren't ever going to afford those properties
Love the podcast! I don’t feel this one !
I don’t really feel the guest is being 100% honest and the hosts know it.
yeah, it’s bad to exploit anyone no matter what they are social economic statuses is. providing affordable housing isn’t exploiting anyone.
@nickc3856
7 күн бұрын
This guy doesn't provide affordable housing. He takes affordable housing and makes it less affordable.
Maybe it's just me but it seems evil exploiting the housing class and group of people who are literally the last step away from homelessness
John is the mobile home guru for sure..great video
I will be inheriting a mobile home in a park with the lot land also. They do let owners rent them out in the park. Makes me think what I’m going to do with it. Rent it or sell it. I suppose it’s not a bad problem, just have a lot of studies to do.
Where is the part where they actually talked about purchasing a property for $15,000? Lol I don’t wanna sit through a 40 minute video of bragging about things theyve done they’re not going to explain how they did it.
You need to own the transport company its a game changer.
BP fell off
Mobile home investing is even more unethical than Airbnbs in unaffordable areas. Mainly the type Brandon Turner does.
@ronlabe5487
Күн бұрын
Then don't do it.
1st
Cool episode . It makes me sad that if we wanna talk about investing we have to do some much qualification about morality . I understand you all would get slammed if you didn’t but it’s unfortunate . Anyhow thanks for focusing on some more cash flow centric strategies !