Thursday, October 28, 2010

Book Review: "Financial Freedom GPS"

(Note: Since there have been folks who have asked my recommendations on business and finance books to read, I've decided to go ahead and start a new series of posts - book reviews).

Sorry to be out of the blog scene folks. Just getting back from my retreat here. It was nice to get away for awhile, it really gave me some time to really think. And, relax! :)

Barely getting back into town, it's been pretty chaotic. The phone has been ringing non-stop, lots of work to do. By far, fall and winter have been the busiest times of the year for me in the mobile home biz. And, already I'm working 2 potential mobile home deals. Work, work, work!

In any case, I thought I'd check in with you all and share with you a special book that just came out by my pal, Shae Bynes, called Financial Freedom GPS.

(Note: For those of you who are new to the blog, Shae was deemed one of the "Best and Brightest Women In Real Estate Investing").

So, what is the book about?

Well, the book is about a topic that is near and dear to my heart. And, that is the topic of financial freedom .

For me personally, the concept of financial freedom is so important. Why? It's simple. Financial freedom allows me to do the things I want to do, not have to do. And, Shae has laid it out here in this book step by step.

I have personally gone through the book. And, I must say - it's very well done and thorough. For those interested in achieving financial freedom, this is a book that will take you step by step and guide you on your path to get there.

What I really like about the book is that it really makes you think and opens up your mind to other ideas. Honestly, there were a couple ideas in the book that I had not been aware of. And, I especially enjoyed the resources and exercises Shae included in the book.

Now, I'm going to be honest with you. The path to financial freedom is not easy. And, it's really a process.

Basically, the transition involves from going full-time at a job to going part-time. In my opinion, the key is to slowly build up income streams to make things financially easier for you and your family.

Once the income streams start coming in, it will allow you to work less at a job that you have to (in order to pay the bills). And, in turn will allow you to focus your efforts in creating income streams so you can have more time to do the things you want to do, not have to do.

This is the transition many successful investors I have met have gone through. Some even continue to work part-time, not because they have to but because they want to. In fact, my mentors now all went through the same transition. One in particular still works part-time still enjoying the type of work they do.

(Note: I have 3 mentors for the mobile home biz. A local, regional, and national mentor - all together with over 50 years of experience in the mobile home biz. I've learned a great deal from each one, they have really helped me along the way. Mentors are definitely important members to have on your team).

For those who are interested in achieving financial freedom, this book is a great guide and road map. Shae has laid it out all here in the book, step by step. It's packed with a lot of useful information, resources and exercises to help you on your path to financial freedom.

(Note: It only took me 3 "Lonnie" deals for me to personally have a passive income stream to cover my housing payment. Seriously, the concept of financial freedom is all very simple. Though, it's the planning and the execution that takes work).

The book is very affordable, it's definitely worth the price. And, Shae is also including a Fast Action Bonus for those who order the book before Friday at midnight: 2 Live Q & A sessions where you can ask Shae any questions that you have after reading the course material!

For what it's worth, I really think this is a great book. And, the Fast Action Bonus Shae is offering just goes to show her support and caring nature for others.

If you've been thinking about and/or wanting to achieve financial freedom, I definitely recommend this book. Check out Financial Freedom GPS today!

p.s. Yes, this is an affiliate link. But, I assure you - I wholeheartedly believe in the book and believe it will help those on their path to financial freedom. Happy investing!

Monday, October 18, 2010

"Battle of the REI Blogs" Contest: Please Vote!

Hi Everyone!

Hope you're all having a great week. I've been doing good on my retreat up here in the woods. It's been really nice to get away and have time to think and relax.

In any case, before I left, my good pal, Patrick Riddle, asked me to participate in a pretty cool contest he's having called "Battle of the REI Blogs." So, I decided to take part and join in on the fun!

Video Link

Here's the info on it:

The top real estate investing bloggers have been assembled to compete to see who's blog is #1 in the eyes of our subscribers. So, it's Adventures In Mobile Homes vs. 11 other real estate investing blogs.

My good pal, Patrick Riddle, is hosting the contest and has some great prizes that he's giving away. Here's where the contest gets pretty cool:

The winning blogger gets to award 5 of their voters (it could be YOU!) a FREE Private Money Blueprint Home Study Course (valued at $997 each!)

So, I am writing to seek your help. I'm up against a pretty good list of heavy hitters, the "A List" of real estate investing bloggers and I'm seeking your vote.

(Note: For those of you who missed it, I made the list of The Top 20 Real Estate Investing Blogs).

Please click here to cast your vote.

While you're over there, feel free to check out the other bloggers participating. The overall premise of the contest is to "get to know" the best of the best of the real estate investing bloggers and connect with them through social media.

When you head over to the main contest page, you'll see that each blogger participating has a profile that includes a link to their blog and links to their social media profile pages.

Once you decide who your favorite is all you have to do to vote is scroll down to the very bottom and enter your vote in the "comment" area.

Please click here to cast your vote.

Thank you all for your support and may the best blogger win!

p.s. Feel free to leave comments on any post either here and/or my Facebook Page. Comments are always welcome, thanks for reading!

Thursday, October 7, 2010

Podcast: 5 Things You Can Do to Learn Your Market When It Comes to Mobile Home Investing

Since a lot of folks have asked me questions about the topic of learning the market, I decided to go ahead and make up an audio podcast on this particular subject. Also, I've decided to be a bit more animated with the blog since some people really liked my video presentation for Must Know Investing.

(Note: If you haven't caught the presentation yet, I encourage you to check it out. There's a downloadable audio "goodie" in there as well. Thanks for reading!)

So, without further a due here's the podcast:

(Note: For those interested, here's the link to my podcast page if you'd like to be updated on future podcast episodes. Thanks for listening!)

(Note: Thanks everyone for taking the time to read and support my blog. I wanted to leave everyone with a "goodie" before I take off - the blog will be on hiatus for the next two weeks. I'm going to be taking off this weekend to spend some time on a retreat in the woods. I usually set aside some time every year for retreats to be able to think and reflect. Will be back soon. Stay tuned!)

Happy investing!

p.s. Feel free to leave comments on any post either here and/or my Facebook Page. Comments are always welcome, thanks for reading!

Tuesday, October 5, 2010

Terminology Tuesday - Trip Insurance

(Note: I think it's important to know the terminology and words used when learning any new business including mobile home investing. I came up with 'Terminology Tuesday' as a way to go over the terminology used in the mobile home business. It's important to know the terminology when talking to people in the business so you're all on the same page).

When moving a mobile home, one of the things I'm always sure to add is trip insurance. So, what exactly is "trip insurance?"

Basically, "trip insurance" is part of my due diligence when moving mobile homes to have the home insured from collision and damage on my end. Sure, using a mobile home mover they should have their own insurance regarding their mobile home moves.

(Note: When using a mobile home mover, be sure to check they are properly licensed and insured. Usually, you can simply do this by checking with the local transportation authority in the area. Many times you can simply ask the mover for their license number and use this to verify their credentials).

If the mobile home mover is properly licensed and insured, then why get "trip insurance" in the first place? Well, I get "trip insurance" because it gives me peace of mind. If something were to happen during a mobile home move and the mover's insurance disputed whether a certain claim was covered or not, at least I will have my own "trip insurance" in place as an added precaution.

Is this double insuring? Well, in a way. But, it really gives me peace of mind that things are covered on my end.

So, how does "trip insurance" work? Basically, I notify my insurance company the day of a scheduled mobile home move - the "trip insurance" is set for that day only. The cost I have paid in the past for this type of insurance has been $50 (singlewides only) - well worth it for my own peace of mind.

(Note: Depending on the area, this type of insurance may or may not be available. And, costs will vary. Be sure to check with your local insurance company/agent to see if this is available in your area).

Regarding moving mobile homes, it's really a personal decision. Some have cautioned against it due to the amount of money and time involved (i.e. moving costs, hookup costs, etc). Though, I would say - you really have to look at everything and ask yourself - is it worth it? It could be, or not - it depends.

Recently, I had to pass up on an opportunity - a potential mobile home move. Though the home was priced very close to what I was willing to pay for, I just could not commit entirely - it had to be priced a bit lower for me to even get into the deal. Why?

Well, when moving mobile homes there are the moving costs to consider but also the time involved and the psychological impact it can have - it can be a bit stressful. So, if I decide to pursue a mobile home moving opportunity - it really has to be worth it for me.

For those interested, here is a video about some factors to consider when evaluating a mobile home move:

Video Link

I hope this "Terminology Tuesday" post has been helpful and has given you some useful information to use.

Happy investing!

p.s. Feel free to leave comments on any post either here and/or my Facebook Page. Comments are always welcome, thanks for reading!