Do You Believe?

"Whether you think you can or that you can't, you are usually right."

-Henry Ford

Many people have raised the question whether or not mobile home investing works. Some people have raised many "what if" scenarios such as "...what if the buyer defaults," or "what if I can't find a buyer," which instill a great deal of fear in people. Others, have shared their stories of being burned in the business never vowing to invest in mobile homes again.

Folks, like any other business - there are risks in everything. If you're looking for an investment that is risk free, you can always put your money in the bank. Though, even these investments considered once "safe" can be questionable in our economy.

Fear is a very powerful emotion. It can cause us or not cause us to do things. In order to manage fear, you need to know how to manage risk. So, how do you do that?

First, you get the knowledge. Then, you must act. You need both because you can't just learn from books - some things are not written. A lot of things that I've learned in this business have been from my own personal experiences. For example, when I went out to negotiate and make offers.

If you're scared about investing, the best way to get over your fears is education - both through books and experience. If you're interested in learning more about investing in mobile homes, here's an article I wrote awhile back.

Surround yourself with like minded people. Get to know investors who are doing what you want to do and learn from them. Listen to their stories and experiences. You will learn some of the pitfalls and obstacles they had to overcome so you are better prepared to manage risk when the time comes. Equally important, you will also learn of their successes. I've received a lot of great feedback from people who have told me they appreciate reading my stories and adventures because it helps them to see that mobile home investing can work.

By putting the time into education and surrounding yourself with like minded people, this will give you the confidence you need to push forward and move toward your investing goals. If you truly believe in yourself and what you are doing, you can achieve anything.