Mobile Home Investing Podcast

Podcast 62: Steve’s Mobile Home Investing Success – 9 Mobile Homes in 13 MonthsWelcome back,In today’s Mobile Home Investing Lesson podcast #62 we are talking to active Mobile Home Formula investor Steve. Back in 2024 Steve started mobile home investing in the great state of Louisiana, Mississippi, and Florida. Since partnering with John and the Mobile Home formula Steve has been able to buy and sell 9 mobile homes in his first 13 months investing in mobile homes.When most people think about real estate investing, they picture single-family houses, apartment buildings, or commercial properties. Very few investors immediately think about mobile homes.However, for investor Steve, mobile homes have become an incredible source of income and opportunity.Recently, I sat down with Steve to discuss his journey investing in used mobile homes and how he has successfully bought and sold nine mobile homes in just thirteen months. Throughout the conversation, Steve shared lessons learned, challenges overcome, and strategies that have helped him build a profitable mobile home investing business.From Beginner to Nine Deals in Thirteen MonthsAt the beginning of the interview, Steve explained that he has completed nine mobile home deals in just over a year. While many new investors spend months analyzing opportunities without taking action, Steve focused on learning the business and consistently moving forward.Like most successful investors, Steve’s confidence did not come overnight. Every deal taught him valuable lessons that improved his systems and decision-making.Steve’s First Mobile Home FlipAround the three-minute mark, Steve discussed his very first mobile home flip. Like many beginners, there were plenty of unknowns and challenges. However, the first deal proved that mobile homes could provide real profits without requiring huge amounts of capital.Many investors are surprised to learn that mobile homes often require far less money to purchase than traditional real estate. This lower barrier to entry allows new investors to gain valuable experience while reducing risk.Steve’s first deal gave him the confidence to pursue additional opportunities and continue growing his business.Finding Opportunity in “Must Be Moved” HomesOne of the most interesting topics discussed was investing in mobile homes that must be moved from their current location.These situations often arise when a landowner wants a property cleared, a lease is ending, or a homeowner can no longer keep the home where it currently sits. While many investors avoid these opportunities because moving a home can seem intimidating, Steve has found significant profits in these deals.Because fewer buyers are willing to take on the challenge of relocation, investors can often purchase these homes at deeply discounted prices. With proper planning and reliable movers, these deals can become highly profitable.Creating Value by Dividing LandAnother unique strategy Steve shared involved dividing a single lot into two separate parcels.Creative solutions like this can unlock additional value from a property and create opportunities that may not be obvious at first glance. Rather than simply buying and selling a property as-is, successful investors look for ways to improve the property’s usability and overall value.This type of creative thinking often separates experienced investors from those who struggle to find profitable deals.The Importance of Moving Homes on TimeOne lesson Steve emphasized was the importance of making sure a mobile home gets moved on schedule.When a mobile home must be relocated, deadlines matter. Delays can create additional costs, upset property owners, and jeopardize deals altogether.Steve discussed the importance of maintaining strong communication with movers, property owners, and buyers throughout the process. Proper planning and follow-up can prevent many problems before they occur.Mobile Homes Aren’t “Sexy”- And That’s an AdvantageOne of the most memorable comments from the interview came when Steve stated that mobile homes aren’t sexy.He’s absolutely right.Many investors chase trendy investments or highly competitive markets. Mobile homes often receive less attention despite offering excellent opportunities for cash flow and profits.Because fewer investors are actively pursuing mobile home deals, there is often less competition. This can allow investors to negotiate better prices and find opportunities that others completely overlook.Sometimes the best investments are the ones most people ignore.Building a Reliable TeamAs Steve’s business has grown, he has developed a network of trusted professionals who help him complete deals efficiently.One example discussed was having reliable handyman referrals available when repairs are needed. Having trustworthy contractors and service providers can save both time and money.At the same time, Steve shared an important warning for investors: don’t accept vague promises or unclear commitments from contractors.Successful investors verify expectations, create clear agreements, and ensure everyone understands exactly what work will be completed. Clear communication helps avoid costly misunderstandings and project delays.Flipping Mobile Homes Inside ParksA significant portion of Steve’s business involves buying and selling mobile homes located inside mobile home parks.These deals can often move quickly because the infrastructure is already in place and buyers appreciate the affordability that park living can provide.Steve explained that understanding park rules, approval requirements, and management expectations is critical to success. Investors who build positive relationships with park management often create smoother transactions and better long-term opportunities.Handling Difficult Park ManagersOf course, not every park manager is easy to work with.Steve shared his experience dealing with an unfriendly park manager and how professionalism helped him navigate the situation. Rather than creating conflict, he focused on communication, patience, and finding mutually beneficial solutions.This approach often produces better results than confrontation and helps investors maintain their reputation within the community.Buying Subject-To Existing MortgagesAnother advanced strategy discussed during the interview was purchasing properties subject-to existing mortgages.This technique can create opportunities when sellers need relief from a property but may not have significant equity available. While subject-to transactions require education and careful execution, they can become valuable tools for experienced investors.Steve’s willingness to learn multiple investing strategies has helped him uncover opportunities that many others would miss.The Value of Working TogetherToward the end of the conversation, Steve discussed working together with John and the importance of learning from experienced investors.One of the fastest ways to shorten the learning curve is by surrounding yourself with people who have already achieved the results you want. Mentorship, networking, and collaboration can help investors avoid costly mistakes while accelerating growth.Steve’s journey from beginner to completing nine mobile home deals in thirteen months demonstrates what is possible with persistence, education, and consistent action.For anyone considering mobile home investing, Steve’s story serves as a reminder that profitable opportunities exist in mobile home parks, homes that must be moved, and properties attached to private land. Success often comes to those willing to look where others aren’t looking.Love what you do daily,John FedroSupport@mobilehomeinvesting.net

Mobile Home Formula investor is Helping Mobile Home Sellers and Making Money in DC Area

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.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 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 Introduction0:45 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 Discrimination24:30 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. Mobile home sellers often times have various and/or complicated issues going on. Depending on the different moving pieces, your purchase offer and/or exit strategy will likely vary.Purchase strategies when…the mobile home has a title problem, then…the mobile home needs to be removed ASAP, then…the mobile home’s lien must be paid off prior to closing, then…you are starting with limited capital, but you still want to close big deals, then…the mobile home park manager does not like you, then…the mobile home needs way more repairs than you are comfortable with, then…the mobile home seller is out-of-state, then…the entire mobile home is in another state, then…the mobile home also includes land and an underlying mortgage, then…it’s the winter months but there seems to be a very good opportunity, then…the mobile home is in a park location you are not familiar with, then…the mobile home neighbors are terrible neighbors, then…the mobile home seller does not need all their money up front may consider payments, then…you temporarily don’t have the knowledge or resources to know what to do, then…Depending on the scenario, have a way to help each seller and never spend any more money than needed.It can absolutely be scary out there for a newer mobile home investor. Aim to educate yourself with websites like this one, and other free blogs, vlogs, and podcasts talking about investing in real estate or flipping mobile homes. Ideally every mobile home question you have should get an answer. Make sure you have people to ask your investing questions too. Each answer you receive may spark additional investing questions too, this is natural and normal. Every answer to your questions makes you a more knowledgeable and self-sufficient mobile home investor.#3 Working with your BFF.Daniel and Ian have been friends since high school, and they are definitely making their business relationship work. When asked about their secret, they both say “communication is a big key”. Do not just communicate about the good things, but also 100% talk about the uncomfortable topics.After 70+ mobile home deals and counting, this best friend partnership has no plans of slowing down or stopping. It is only now they are getting to more complicated deals, multi-deal packages, and tax sales to ramp up their mobile home investing business even more for 2024.Daily questions are normal. Every mobile home seller and situation can be very different. Mobile home investing is very different from traditional house real estate investing. If you are actively investing daily, you should have new questions about mobile home investing, how to strategies, deal reviews, where to start, paperwork, due diligence, and much more.

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, “Homeruns are awesome, but you make your money in doubles and singles.”Doug is reselling more than 50% of his used mobile homes on monthly payments that are moved to the buyer’s own land. That is right!… Doug is reselling the mobile home and having the buyer pay for the transportation and set up costs to the buyer’s very own land. Land with electric, water, sewer or septic and ready for a manufactured home.Typically, Doug aims to receive all his invested money back Day #1. Remember payment-buyers pay a nonrefundable fee to Move-In that may equal $5000-$10,000 or more depending on the manufactured home and location. Doug then creates a note for another 7 to 10 years of cash flowing payments with interest.Once a mobile home is sold for cash or payments, Doug gives the new buyer 30 days to remove the mobile home at the buyer’s own expense.Doug’s interesting transportation twist: Doug knows that when a mobile home travels down a bumpy road the inside of the home may shift or break. Cosmetic cracks and blemishes develop in the walls, ceiling, and tiles along the mobile home’s journey into its new location.Doug tells every mobile home buyer on his sales lot that these cosmetic cracks and blemishes may develop. If the buyer decides to use a third-party mobile home mover, then the buyer alone will be responsible for any cracks and blemishes. However, if the buyer decides to purchase the moving costs through Doug, he will make sure the mobile home looks the same as it is on the sales lot.How can Doug guarantee he will fix the repairs? Because Doug charges the buyer extra money on top of the moving cost. Example: It may cost $4000 to transport a single wide mobile home with mobile home transport company A. However, purchasing the move through Doug will cost the buyer $4500, however Doug will make sure any cracks that develop because of the move are fixed.Conclusion, most of Doug’s buyers purchased through him because they want the home to look the same.Educating your buyersWhether Doug is selling a manufactured home for all cash or monthly installment payments, he always makes sure to educate each on the location the home is moving to and pulling correct city/county Manufactured Home Moving permits. This is because some municipalities will restrict what type of manufactured homes can be placed within the county or city limits. If a buyer purchases a mobile home that is too old or small for the county, this buyer would be in a difficult and potentially costly situation.Pro Tip: We are here to help others. In situations where good payment-buyers need some help, aim to work with the payment-buyers that work with you. Doug discusses a time where an elderly woman needed help cooling down the mobile home she was purchasing from Doug via monthly payments.Doug instructed this always-on-time payment-buyer to hold off on making the next 2 monthly payments. Use this money to purchase air-conditioning units, Doug instructed. These payments will simply be pushed to the end of the payment plan. This allows for a very win-win solution that makes sense under the circumstances.When it comes to homeowners’ insurance, Doug is a stickler that every one of his payment-buyers buys and maintains mobile home homeowners’ insurance prior to closing. Prior to closing Doug confirms he is listed on the buyer’s insurance policy as Mortgagee and/or Additionally Insured.How Doug started his own dealership?While buying and selling mobile homes Doug met the gentleman that owned the new manufactured home dealership in the right side of the video at the beginning of the podcast below. This gentleman has provided a long-term lease to Doug for the land.Doug gets to rent the land.The landowner gets decent rental money, plus other perks from Doug.In addition, rental income, the landowner receives Doug’s help on a regular basis with other tasks. The landlord gets to pay for and higher Doug’s rehab crew to fix any mobile home repair issues. Also, the landowner gets Doug’s help to sell any used mobile homes the landlord receives through trade-in.The landowner agreed to rent Doug the land because it makes good business sense, and because Doug is a hard worker that is extremely ethical. Treating others right goes a long way in business.Location is important. If possible, aim for your dealer’s lot to be located around other manufactured home dealerships and mobile home sales lots. Ideally this future dealership of yours is also located on a semi-main road in the area with high traffic.Steps to build your own used mobile home dealership.If possible, travel in person to your local county building department. The Building department should be located inside the city office along with the Tax department, Property appraiser department, Code department, and maybe even Permit office.Doug advises you explain your situation to the building department and what you’re looking to do concerning a used mobile home sales lot in the area.You will likely meet some resistance. There are way more people that do not want you to build a mobile home dealership in the area, versus the ones that allow this. Stay persistent! Aim to figure out solutions around temporary obstacles in your way.See your local county Building department.Obtain Fire permit, 911 address, and Mailbox.Figure out your specific utility situation. Is electric needed if a generator can be used? Can utilities be used from a neighboring property like in Doug’s example from today’s podcast? Are water and sewer connections absolutely required? Is an office absolutely needed? What constitutes an office? How much land is required for a dealer’s lot? What type of road construction is required? Obtain three quotes from any electricians, plumbers, septic specialists, paving companies, etc. before signing a contract with a company.Signage. Confirm with the state and local county what is legal. Be proactive to ask questions about size, height, material and distance from the road. Doug’s advice is to make sure to get the names of people that give yo...

Today’s podcast #42 has been over two years in the making. Dominic and I started talking about recording a mobile home investing case study podcast together after he got started mobile home investing back in 2020.Dominic got started investing in individual mobile homes at age 16 and a half with his family’s permission. Dominic is now 18 years old as of this article. By the time he could vote, Dominic had already closed a half dozen mobile home deals averaging over $5,000 profit per home.Dominic is killing it at his young age! This kid man is incredible! He’s got a long real estate career ahead of him.Dominic has genuinely helped way more people and made way more money by the age of 18, than most of us could have only dream about. Dominic makes all of us look old, and I’m so proud of him.While watching to today’s podcast, remember…There will always be another safe opportunity to invest.While watching this video enjoy in Dominic’s success and happiness. Also, take notes and learn from his journey from failure to success in mobile homes.Use this video as fuel for your motivational fire. If Dominic can achieve these results, then there is no reason why you cannot as well. No more excuses.Mobile home investing is not easy, but it can be predictable when consistent.In today’s mobile home podcast episode below, we cover:0:00 Side hustles early on?3:00 6 deals under age 184:10 Fears looking younger.7:20 Making $35k in 6 deals.9:00 Selling for cash or payments.10:00 What percentage of your homes must be moved?11:00 Take the cash while you can.13:30 Be a sponge, to be the best.14:40 Working with John17:05 Deal #321:25 Finishing the deal for a 10k profit.22:45 Surprises?27:30 Free mobile home!30:00 Buying without looking34:00 Advice for new investors?Thank you so much to Dominic for coming on today’s podcast. Dominic is truly a great guy that puts people first and has a high code of ethics. He wants to have a great business with a great reputation, and that is exactly what he is developing.Today’s article is short to encourage you to watch or listen to today’s podcast. Watching this podcast in full should only help your mobile home investing business growth.

In today’s 34-minute Mobile Home Investing Podcast episode #40 I’m honored and so proud to introduce you to Illinois based active Mobile Home Formula investors, Desiree and Harold to the co-hosting microphone. These guys have so much love for each other and growing a highly ethical mobile home investing business.Harold and Desiree are mobile home investors that stay persistent, work together, and overcome any obstacles in their way. Everyday there are more questions, and all these questions means action is happening. Your questions need answers quickly.Any mobile home related questions please comment below or email me directly at the email provided below.The StruggleAnyone that tells you mobile home investing is easy, either hasn’t been investing for very long or has a very well-oiled mobile home investing machine or is lying.Creating any business from scratch is challenging, and on a budget of only few thousand dollars leaves little room for mistakes.Desiree and Harold have successfully flipped over 15 mobile home deals while keeping a high profit margin and genuinely helping others. These investors have ethics and the parks they work within love how they do business. These investors stay busy and only a small handful of mobile home parks. In the beginning Harold and Desiree spent over 40 hours educating themselves, looking through mobile homes, driving mobile home parks, inspecting mobile homes that had to be moved, and more before they closed on their first mobile home investment property inside a local park.Before Desiree and Harold knew about mobile home investing, they knew they were ready to put in the hard work and effort that was needed to grow a successful business. When they learned about mobile home investing, they took the right steps to invest safely and quickly to grow profitable business.Almost everything is teachable, except ambition. Ambition and dedication required!In the mobile home podcast episode below, we all cover:0:00 Getting started together.2:00 why mobile homes?3:45 Confidence to get started.4:45 Negativity6:25 Cash or Cash-flow8:20 5-year goals9:40 Beautiful home quick flip12:00 Hours per week14:00 Building relationships16:15 Outshining the competition.19:00 Switching business roles20:30 The struggle21:40 What made you successful?22:50 All free homes are not good deals.24:45 Working as a couple.27:15 Morning routines for success29:00 Using a calendar29:30 Has investing changed you30:40 Working with JohnFixing & Flipping Mobile Homes… Sometimes just flipping them.In today’s podcast episode Desiree and Harold admit that they almost exclusively are 1.) purchasing the mobile homes, 2.) fixing them up slightly or extensively, and 3.) reselling the mobile homes to all cash buyers for handsome profits.Buying Right + Cost Effective mobile home repairs (Based on your Exit-Strategy) = Profit when you resell.There are at least a dozen different methods or strategies to purchase and resell mobile homes. However, some mobile home investors only use one or two buy/sell methods to build their initial mobile home investing businesses and profit. Harold and Desiree are no different. Win-Win Deals Only: As mobile home investors we have to make money to stay in business and keep helping others. However, we should always aim to leave our sellers happy, and leave our buyers happy as well. We want good reviews and good word-of-mouth reputations.The three other most popular methods to create profit with mobile homes are:Some version of wholesaling: Depending on your paperwork the exact process will definitely change. However, this basic strategy revolves around the investor tying the property up under contract for a certain price, and then only making a profit once a buyer is found to pay a higher purchase price. The investor may get paid at closing or before closing depending on the deal.Purchasing and reselling for long-term monthly payments: This method allows you to sell for the most amount of profit possible. Collect a down payment and monthly payments for 5-30 years of monthly payments. The buyer owns the home once the mobile home is paid in full.Buying and adding to land for a profit: This strategy can happen multiple different ways. Things will vary if you mobile home is added to land, where the mobile home and land are purchased together in one package. Things also very depending on who owns the land, and if you are renting the land out, or selling everything, or only selling the mobile home. Mobile homes with land can have very big paydays if the property is sold to a bank financed buyer or all-cash type of buyer.Desiree and Harold’s career is only just beginning. They’re wonderful investors that are so supportive and loving of one another. It would be great to see more investor couples like this.Six FiguresGrowing your business to six figures starts with your very first deal. In the beginning most investors are focused on building a small base of cash. Once $40,000 or $50,000 is reached, many investors feel more confident in holding mobile homes for long-term profits.Healthy mobile home investing business should ideally have a mixture of deals that create quick cash, as well as deals that will keep producing cash flow for years to come.None of this is possible without hard work and regular effort.In today’s podcast episode Harold and Desiree really open up to share how much they’ve changed and grown as investors and as a couple since working with mobile homes and joining the Mobile Home Formula training and partnering program. The credit goes to these two young investors!

In today’s 23-minute Mobile Home Investing Podcast episode #38 I’m honored and so proud to introduce you to Virginia-based active Mobile Home Formula investors, Verline and Samuel to the co-hosting microphone. Samuel and Verline are mobile home investors that stay persistent, work together, and overcome any obstacles in their way. After some hard work this couple profited over $30,000 on deal #1 together with John.Sam and Verline (a married couple) have been busting their butts, working smart and diligently together to build their mobile home investing business. In today’s 23-minute-long podcast we talk about what is working for Sam and Verline to overcome doubt, fear, and become a success helping local mobile home buyers and sellers.Learn from Sam and Verline’s successes and roadblocks on today’s video podcast.Disclaimer: In this article the purchase price and profit numbers are rounded. The terms mobile home and manufactured home are used interchangeably.Special thanks to Samuel and Verline for taking out time to provide us with helpful stories, lessons, and struggles and valuable tips.In this mobile home podcast episode below, John, Sam, and Verline cover:0:00 Why mobile homes?1:30 First deal without any help.5:00 3/2 hoarder house9:45 Roadblocks with the park.11:30 Helping your buyer get park approved.13:00 What repairs did you decide to do?13:50 Any surprise repair issues?16:00 Did anyone ask for an inspector?18:00 $30,000 profit!18:30 Married and investing together.20:00 Words of wisdomDoublewide mobile home 3/2A three-bedroom to bathroom double wide manufactured home inside of a park. These 3/2 types of mobile homes are very desirable in most areas around the country. In Sam and Verline’s area of Virginia this is no exception.Work required: Much of Sam and Verline’s work went into the deal before they ever closed. Learning this business, finding and attracting the seller, offers and negotiations, due diligence and more.From the pictures below you can see the mobile home already looked pretty good when it was purchased. However, the mobile home did need some repairs; junk removal, cleaning, soft spots fixed, and a bit more. The total all in cost was roughly $20,000.Various handymen removed junk and fixed the floors.After thoroughly advertising the mobile home for sale, Sam and Verline were able to attract a happy buyer able to pay $50,000 in cash for the manufactured home. That’s just over a $30,000 profit.Cash buyers around the country: Around the country many mobile home buyers have more cash now than they did 5 years ago. Buyers with $20,000 to $60,000 cash are more common than you may think, and these buyers are looking for a very good deal for their money.Working together with difficult park managersOn this website you’ll watch videos and read articles discussing situations working/dealing with difficult mobile home park managers. Difficult mobile home park managers exist because human beings are emotional, sometimes greedy, sometimes selfish, and other negative traits at certain points in our lives.Mobile home park managers can be “difficult” for various reasons:Park manager doesn’t communicate with you.Park manager is much too strict.Prejudiced in some way.Playing favorites in some way.Moving the goalpost and changing the rules.Charging ridiculous fines for made-up violations.Become argumentative or childish for no reason.Sabotaging you in various ways.Lie to potential buyers about your mobile home.Steal your potential buyers that come into the mobile home park office.Deny your potential mobile home buyers for various made-up reasons.Most mobile home park managers are normal and thoughtful individuals that just want their mobile home community to succeed.The mobile home in the pictures above and below is located inside of a spacious mobile home community located in a country setting. The residents are very friendly and there are kids playing in at playground. Everything is wonderful except the mobile home park manager is a jerk.Sam and Verline faced this difficult mobile home park manager and won.Sam, Verline, and John all worked together to get this cash-buyer approved.Hear exactly what happened and how this problem was solved on today’s podcast.Getting your mobile home investing questions solved in real-time.Mobile home investing happens 7 days per week.Although we may plan for time-off and vacations, various real estate needs may pop up unexpectedly. If you have not already done so, join a local real estate investors association, group, or club.Some real estate investing clubs are definitely more educational and have a more advanced network of investors than others. Some groups are strictly through Facebook and online, while other real estate investor groups meet in person weekly or monthly.In a shell? Come on out and network with other real estate investors like you. It’s not weird. Real estate investing is not a lone-wolf activity. At these group meetings find another investor or group of investors that you like. You may likely be the only active mobile home investor there.Pro Tip: Aim to be the newest, poorest, and/or dumbest investor in the group of investors you choose to network and/or hang around with.