So many times, folks have asked me the question, "Does mobile home investing really work?" Check out the video to find out my answer, thanks for watching!
There are many things a mentor can do for you. And, there are many things a mentor cannot do for you. Check out the video to find out more, thanks for watching!
Many times I have been asked by folks the following question, "How do I negotiate and make offers?" And, many go on to tell me they just cannot find cheap mobile homes for $3,000. So, what's the problem?
(Note: For those interested, I touched upon the concept of finding cheap homes in this post).
Well, the problem is simple. In fact, it's so simple that many investors fail to miss the mark on this one simple concept - they simply fail to realize the importance of learning how to create strong relationships.
Many people are taught to go out and market - use all the techniques out there in order to get the phone ringing and generate leads. From bandit signs, direct mail, internet marketing, cold calling - you name it; these are all techniques taught to market and generate leads.
But, here's the problem. Once they get the leads and the phone to start ringing, many fail to do one very important thing. Above all else, they fail to see the importance of learning and creating strong relationships. And, instead focus on the prize - the home itself.
By focusing solely on the prize, these folks end up in a battle against the seller. In essence, it becomes a price war. And, some may win but in most cases they lose. To sum it up, it becomes a win/lose situation.
Say a seller has been talking to one of these investors trained in the quest to buy a cheap home - who focuses solely on the home and the price. After meeting with the seller, nothing has come of it - the price becomes the main issue. The seller feels they cannot trust this investor who seems to care only about the home and getting the best price for themselves. Nothing happens. There is a standstill. Both depart their separate ways.
Then, the seller talks to someone different - someone who is not interested solely in the price or the home, someone who is interested in creating a relationship and trying to create a win/win situation for all.
In addition, this person already has a very good relationship with the park manager not to mention several homeowners already in the park. In fact, it is the park manager who actually referred the seller to this new person - it is the park manager who advised the seller to work with this person to come up with a solution to help sell their home.
Who do you think the seller is going to trust more - a complete stranger or someone referred by the park manager (who they have known for years) or other fellow homeowners? I'll let you decide.
My point is that most fail to realize the importance of learning how to create strong relationships. Folks, it's not just about the deal - it's not just about buying cheap mobile homes.
It's about people and helping people come up with a solution to their problems. And, the only way for sellers to want to work with someone is knowing they can trust that person. But, the only way they can know this is if that person does one thing. And, what is that? CARE.
By having a strong network who is there to tell others how much you care and can help folks out, you will have an even stronger position above anyone else. The name of the game is learning and valuing the importance of creating strong relationships. Without creating strong relationships, it's going to be very hard to be successful in this business.
Believe me, I know. In this earlier post, I talked about a story where I was taught the importance of building strong relationships and why I continue to do it.
As a former business to business sales executive for a Fortune 500 corporation, I learned from the best at a very early age. Many of my peers were decades beyond me. Though, I was there for one reason alone - I knew how to get in the door and build relationships. In learning and valuing the importance of building relationships, this led to more business.
We all know that business is built on relationships. And, relationships need a solid foundation in order to survive - that foundation is trust.
In writing this "Investing 101" post, I urge folks to revaluate what you are doing and figure out the strength of the relationships you are creating. Are you doing things solely for the purpose of self-interest? Or, do your actions truly help others? How strong are the relationships you have created? Do you have a lot of mediocre type relationships or do you have fewer stronger type relationships?
In the end, a successful business is really a long term commitment. By valuing and learning the importance of creating relationships, you will put yourself ahead of the rest. Yes, this does take time. But, in the end - it's definitely worth it. Those who put in the time and the effort, succeed. Those who don't, fail.
I'm going to leave you here with a quote by Michael Scott from one of my favorite television shows, "The Office," that inspired this post.
"Everyone always wants new things. Everybody likes new inventions, new technology. People will never be replaced by machines. In the end, life and business are about human connections."
(Note: For those interested, this quote was from Season 4, Episode 2).
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!
So, I was all set to write another "Deal or No Deal" case study type post today but then I changed my mind. I'd like to take a moment and get away from the mobile home case study series for this post and write about something that has been on my mind lately.
Recently, there have been folks who have contacted me about their interest in mobile home investing. Many have told me they have heard a lot of stories from other investors about mobile homes being the best type of investment vehicle out there and also the one having the best return on investment.
But, the question that is asked of me is this "Is mobile home investing this great? Can I make a lot of cash flow from investing in mobile homes and have great returns? And, if so do you think it's for me?"
In all honesty, I cannot answer that question. Why?
The reason being is that it's different for everyone. I don't think mobile home investing is the best type of investment vehicle and has the best returns for everyone - it just doesen't work out that way. I've said this before, it's all a matter of personality. What works for one person, may not work for you. And, vice versa.
I'm sure this may seem kind of odd for me to say being that I write a blog about mobile home investing. But, the goal of my blog is not to convince others to invest in mobile homes. The goal of my blog is to share my adventures and stories about my experience investing in mobile homes. That is all.
Personally, I don't think folks out there should base their decision to go into mobile home investing solely on stories they've heard from other investors about all the money they have made and the types of returns they've made from mobile home investing.
Honestly, this business takes work - hard work. And, success doesen't happen overnight. Just like any business, it takes a lot of time and persistence to make it work. But, when it does - it can be worth it.
The important thing is to be mentally prepared and ready. When I first made the decision to go into mobile home investing, I knew this is what I wanted to do. I made many sacrifices, I gave up a lot of things.
I remember many a nights reading, studying and then taking action on what I had learned. It took time, a lot of time. And, there were moments where I kept asking myself "What in the world am I doing? Is this going to work?" But, I kept pressing on.
I took the time to really learn the ins and outs of the business. And, did what I had to do to get to my first mobile home deal - it took me almost a year. After completing my first deal, I can say I really learned a lot. Though it took a lot of time and hard work, I can honestly say that I found that I did enjoy the business.
And, this is what it's all about. When folks have asked me about whether or not they should pursue mobile home investing, I tell them straight out - try it out and see if you like it. Honestly, not everyone that has tried it has liked it.
I remember one investor in particular who did one "Lonnie Deal" (a fellow rehabber) and told me it just wasn't for him. He told me if he was going to spend all his time on something, it would be doing something that he enjoys - rehabbing properties and selling retail for a lump sum. He just didn't feel that collecting a check for a couple hundred dollars was worth all the time and effort. And, that's ok.
So, for those who are interested in mobile home investing I highly urge you to think about why you are interested in it. If you are interested in this business solely for the money, I urge you to think it through.
Honestly, there are much more easier ways to make a lot of money - it's called having a high paying job. Being an entrepreneur and starting a business takes a lot of work. The rewards can be great but the payoff does not happen overnight.
In Thomas Stanley's book, The Millionaire Next Door, he even states that many millionaires think it much easier for their kids to go to school, become a professional and have a high paying job than to go out and start a business.
If I were interested solely in making a lot of money quicker, I'd go out and do the same thing. Though, I did not.
(Note: Growing up, I was always an entrepreneur at heart. I had many entrepreunerial ventures as a kid and this followed me even as an adult - it's always been a part of me).
This all really comes back to really knowing who you are and what kind of life you want for yourself. For me personally, I know I've always been an entrepreneur. That is why I keep saying for me it's not just about the money. It really isn't.
(Note: For those who are interested in why I went into mobile home investing in the first place, feel free to check out this video).
I had a chance to take the path of the kids of The Millionaire Next Door. As an undergrad, I was chosen for a fellowship in a pre-MBA program at a top tier business school.
Though, my mentor (who was already enrolled and attending the MBA program) told me - I just didn't belong there. She told me this just wasn't for me because she saw the "entrepreneur" inside of me.
(Note: Even as a student with classes and a working job, I still had the time to have my entrepreneurial ventures. And, yes I ran these ventures out of my apt - my roommates thought I was crazy!)
My mentor encouraged me to go out and pursue my entrepreneurial ventures in the real world as business school did not teach this - they taught management. Furthermore, she went on to tell me that business school does not churn out entrepreneurs - they churned out managers, investment bankers and consultants. So, I took her advice to heart. And, here I am.
So, my point is to really take the time to know who you are and why you want to do the things you're interested in. Honestly, it's really easy to get caught up in all the hype of things (especially in real estate investing).
Though, at the end of the day what's important is doing the best thing for you and your family. And remember, the right thing to do can only be decided by one person. And, that is you.
(Note: Thank you for taking the time to read this post. Though it seems pretty deep, I felt the need to say these things due to all the inquiries I've received from folks seeking advice on this topic).
I'm going to leave you here with a video from Seth Godin that inspired this post.
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!
Lately, I've been contacted by many folks who tell me they are having a hard time finding deals in their market. And for those who have found a potential deal, many have told me they just don't know if it's a deal or not. So, things don't really work out.
Listening to these stories and the struggles involved really brings me back to my early days in sales. In the beginning, I really wanted to make things work. So, I asked the top sales rep for some advice. And, you know what he told me?
He told me the key to being successful was to stand apart from the rest - don't be like everyone else. Don't go chasing after business the way everyone else does. Make people want to see you, want to do business with you. And, the only way you're going to do that is by building relationships. By building relationships, you do one thing that most don't do - you build trust.
By building trust, it's not going to matter - people will automatically want to work with you, want to help you. But, if you don't take the time to build relationships and earn that trust - why should they do business or want to help you in the first place?
There is one more thing he told me that I will never forget. He said, "Don't focus on the sale. Focus on building relationships. If you do that, you won't have to worry - business will come to you."
And, I took his advice to heart. In the beginning, it was a bit of a struggle - it took up a lot of my time. I was having many meetings with the same people, yet nothing seemed to be going anywhere. I wanted that immediate sale, that immediate gratification. It seemed like an eternity.
Though, the top sales rep kept telling me to stay with it - be patient, be persistent and it will come. And then, he told me - when it comes, it will come big time.
So, I stayed with it. I took meetings, I showed up. And, I kept showing up. I showed up to the point where things finally started happening. I remember meeting with the CFO of one company at 6am in the morning. Many of my other peers thought I was crazy.
The top sales rep told me to do it. He told me our hours are not built around 9-5. If you have to meet people outside regular business hours, do it. If you do the things that most are not willing to do, it will be worth it. I guarantee it.
So, I continued to follow his advice. And, you know what? It worked.
Though it took time and I felt behind from the rest, I soon excelled among my peers. Within a short time, I was in the top 3 among my peers.
What I learned from this experience was the value and importance of taking the time to build relationships. Though it can seem very slow at first and feel like an eternity, it's important for the long term.
Just like the story of the turtle and the hare, it is the hare who had a fast start but guess who won the race? The turtle.
Much of what I do and my style of doing things has come from my sales experience. I learned firsthand the importance of building relationships and taking the time to do one thing that most don't do - CARE.
Honestly, despite all my formal sales training and seminars I attended (as there were many) - the one thing I learned in business was that it takes heart to succeed.
Having heart sets me apart from the rest. If I take the time to care about others, they will take the time to care about me. Even if it does not lead to business or a sale, it has all come back threefold with referrals.
For me personally, I know my approach sets me apart from everyone else. Just recently, I had a closing on this deal.
After the closing, the sellers told me they were so happy to have met me - they told me now they felt I was like family. And, it felt like they've known me forever(No kidding, their exact words!). They went on to say that I really do things differently from all those other investors. And, they personally invited me for a visit to their farm to experience true, country living.
It is situations like these that really make things worth it in the end - it's the mutual appreciation on both sides of the table. Does this happen all the time? No. But, when it does - it's definitely worth it.
For those out there who find themselves struggling or having a difficult time in this business, I urge you to re-evaluate what you are doing and how you are doing things. Are you doing things like everyone else? Or, are you different? What sets you apart from the rest?
Just like the advice the top sales rep gave me, if you can learn to stand out and be different from everyone else - you will succeed.
I'm going to leave you here with a video from Seth Godin that inspired this post.
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!
In my last "Investing 101" post, I talked about the importance of being patient and why I decided to wait for the right opportunity rather than trying to force one that is not so right - one that would have took me into the unknown. Looking back on it now, I'm glad I decided to wait.
Sometimes I can get caught up in the moment and forget one important thing - there are opportunities everywhere. And, if I'm patient enough these opportunities will find me. The key is being patient and waiting for just the right moment.
This week, my patience paid off and that moment found me. I was able to land a deal that I've been working on for 2 years. Yes, that's right - talk about having a lot of patience, eh?
When I first started working this one, I remember many a conversations and meetings with the seller. The seller had been thinking about selling but was still not sure. You see, this was a case where the seller didn't have to sell but thought it would be nice to sell. The problem was motivation - it was just something the seller was just thinking about but didn't really plan for.
So, we did a lot of back and forth - not even about the price, more about if the seller was still thinking about selling or not. We talked about the future, goals and plans. And, it usually ended with the seller saying, "Oh, we'll see. But, thanks for keeping in touch. Let's chat again in a few weeks."
And, this went on for 2 years. Every so often, I'd give this seller a call to see what was going on. And, many a times it was "I'm still thinking about it." I"d say, "Cool, just checking up on it. You need to do what's best for you." So, we had this ongoing relationship for all this time.
And, finally about 6 months ago - the seller finally called me up to let me know they had decided to sell. So, now the issue was not about whether or not the seller was going to sell - the issue now was price.
The price started at 25k. Even though the price was pretty much retail and was high, I still met with the seller to inspect the home again.
(Note: Even if I've inspected the home already, I will make another inspection if a lot of time has passed from my last meeting with the seller. In my experience, I've found that you never know what has changed with the home - some items in the home may or may not be working).
After that meeting, the seller had told me they were now pretty serious about selling the home. But, wanted to try to get the best offer out there.
At this point, I knew it wasn't a question of motivation - this seller didn't have to sell, they just wanted to sell. And, there is a big difference between a "need" and a "want."
So, what I did was tell the seller since they just got serious about selling the home to try and see what kind of offers they get on it. I already knew there was no way the seller would get 25k cash, they would have to finance if they wanted that price.
(Note: This is the power of learning your market. Going into a deal, I already know the value of a home (i.e. wholesale, retail, etc).
The seller agreed and told me they'd keep in touch and let me know how it works out. I said, "Ok," and didn't think of it again.
Well, a few weeks pass by and the seller calls me up. Now, the seller tells me most of the folks who are interested in the home want the seller to finance it. (No surprise there!) And, the seller tells me they really don't want to do that - they want to sell for cash and not be tied to the property anymore. (As do most sellers!)
So, the seller tells me they've decided to go ahead and sell to an investor - the seller asked if I was still interested. I said, "Yes, but I can't buy it at 25k." The seller told me they understood and asked me to come over again. So, I did.
Now, this time when I met with the seller they told me they had been talking to another investor too - one I knew already. I said, "That's cool. Do you want to work with her instead?" But, the seller said they're not sure about this other investor as they don't really have a good feeling about this investor - they weren't sure if this investor knew what they were doing and was serious or not.
(Note: This investor had bought a few properties in the park at retail value refinancing their home with a home equity loan (I don't really recommend this). And, I knew for a fact they didn't have the funds - this investor asked me for a loan and even told me that I should be using other people's money (OPM) to fund deals and not my own because it will give me leverage).
The seller then proceeded to tell me they felt more comfortable working with me since I have a track record and also because I have a close relationship with the park manager. The park manager actually told this seller to just sell to me if they want it done right. So, now it was a question of price.
To make a long story short, we did a lot of back and forth over the next couple of months. And, finally a month before I wrote my last "Investing 101" post the seller called me up and decided to sell to me. And, we agreed on a price that worked for both of us.
So, now I finally landed this deal after 2 years of persistence and follow up. We had a couple issues with clearing up the title, but now that's all taken care of. And, the seller is making arrangements to clear out the home and we plan to close at the end of the month.
For those of you out there who get a bit frustrated, I'm here to tell you - it's so important to be persistent and follow up. I know, it's probably said time and time again but I can truly say it's worth it if you stick to it.
After 2 years of working this deal, my persistence and follow up paid off. And, it paid off big time.
I got a great home in one of my favorite parks. It's a mid 1990s, 3 bedroom, 2 bath home, 16x80 (my favorite!) with no work needed - it's in pristine condition. Plus, the seller was kind enough to leave all the appliances in there. We agreed on 11k as the sales price and I know it'll sell owner finance in the mid 20k range - it'll be another $500+/month cash flow payday for the next 10 years.
(Note: For those who are interested, I'll be writing up a case study with pics once this deal is said and done. Thanks for reading!)
Though this deal took a long time and was a lot of hard work and persistence on my part, it was worth it in the end. The lesson here is to be patient - be persistent and always remember to follow up. Things will come if you're patient enough.
As the saying goes, "Good things come to those who wait."
Recently, I missed out on an opportunity. Yet, this opportunity may not have been the best opportunity for me. But, in the spur of the moment I felt it was an opportunity. Now, looking back - I know I made the right decision.
I got a call from a couple who were moving out of the area due to a job transfer. They told me they needed to sell their home quick. It was a 3 bedroom, 2 bath home in one of my favorite parks.
Naturally, I went out to take a look at the home. It was in fairly good condition on the outside - it had curb appeal, a definite plus. Though, the inside needed some work. I'm not talking major repairs but it did need some work to get it up to par for a qualified buyer.
(Note: In my experience, the types of buyers that high end parks tend to attract are those who are looking for homes to be fixed up. I rarely sell "as-is" and have to visualize myself as a prospective homeowner when going to inspect these homes).
The type of work that was needed included floor work (there were mixed vinyl patterns in the living room and the kitchen) and cabinet work (the cabinets were really worn down and needed either a paint job and/or finishing).
Regarding the floor work, the owners had taken up the original carpet which was in the living room and pulled it up - they had laid their own vinyl. And, in the kitchen they had laid their own vinyl as well (a different pattern) which did not really match all together. But, in the hallway they had tiled it very nicely and had planned to tile the kitchen as well. Problem is, they had to leave due to the job transfer.
So, going into this home with the perception of a prospective homeowner I knew it would need floor work. I really don't like when homeowners change the make up of the home and tear out the existing floor surface such as carpet as in some cases when it's been laid over with vinyl - it just does not match. Though, my preference is with my own homeowner type mentality. I understand it's their home, I guess some have different tastes than others.
To make a long story short, since the home needed some floor work and cabinet work plus a good cleaning (there were many people living in the home, a good professional cleaning is needed in these cases) I would not be able to meet the seller's asking price of 14k. I knew it was priced well for a homeowner, it was a solid home - it just had some cosmetic issues. Though, I knew if I were to do a Lonnie deal with this one - I could only offer it for 24k. So going with Lonnie's 50% formula, I knew the most I could have in this deal (including doing the floor work, cleaning, holding costs, cabinet work, etc) based on those numbers was 12k.
I offered 10k. But, the sellers declined. They told me it was a really good deal but the lowest they could go was 13k. Then, they reiterated how it was a solid home - they had lived in the home for over 10 years. These were long term type owners - my favorite kind.
But, the numbers just did not work out. My gut feeling told me, you cannot overpay for this home - it's a solid home but it still needs work. And, I know the types of buyers I work with for these types of parks want things in pristine condition. Plus, this home was in the smallest category of mobile homes - I'm used to buying the larger homes, not the smaller ones. And, I've done it for much less than this in better condition.
So, I walked away. Even though, I had a small voice inside of me saying "Maybe you can make this work, the issues may not be so bad," I remember one thing a wise investor once told me - "Don't force a deal. If you can't make the numbers work, don't do it. There are so many other homes out there."
And, guess what? This saying is so true because this week I got a call from a seller I've been working with for a long time. I was supposed to buy this particular one a month ago but there were title issues. And, we were waiting to get these title issues taken care. Well, the paperwork got rejected and returned and they had to file for it again (which was really frustrating) so I kind of just pushed this one out of my head for awhile. But, it turns out the paperwork is finally being processed and the seller is making arrangements to start moving out of the home. So, once the title is clear - I can buy it. And, this one does not need any work at all - it's my favorite kind of home (the largest one) in one of my favorite parks.
So, the lesson that I learned here is to be patient. Things will come. Success does not happen overnight. My most successful deals are those that I have really put a lot of time and energy into. And, at the end of the day - closing good deals are worth the time and effort.
I'm going to leave you here with a video here from Gary Vaynerchuk that inspired this post.
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!
"Courage is rightly esteemed the first of human qualities because it is the quality that guarantees all others."
- Winston Churchill
Lately, I've been receiving a lot of questions from folks regarding advice they have received from other investors (both online and offline) regarding investing advice and what types of opportunities to pursue. The main question has come down to, "I was told to do this" or "I was told not to do this" - what are your thoughts?
My own personal belief is that most times nothing is ever black and white. Everyone is going to have different experiences on what they like/don't like and what works for them/what does not work for them. And, even more - people have different goals and different personalities.
Even on this blog, I've mentioned time and time again that I am not here to convince folks to invest in mobile homes. This blog is merely here to share my stories and adventures investing in mobile homes.
I am not claiming that mobile home investing is the best type of investment vehicle out there for folks. Why?
The reason why is that it's different for everyone. Not everyone is going to enjoy investing in mobile homes, not everyone will have favorable experiences with it - it's all a matter of personality, what you like/don't like and what works for you and what does not work for you.
(Note: If you're interested in learning about why I enjoy investing in mobile homes, feel free to check out this article I wrote).
In the past, I've known of other investors who have done a "Lonnie" deal or two who just didn't feel mobile home investing was for them, that's ok. Most recently, there was a blog post by my fellow blogger J. Scott on his experience with the mobile home business - he decided it just wasn't for him to pursue it at this time after his experience.
So, you see not everything is always black and white. And, I see a lot of investors out there who put things in black and white terms - this is dangerous. It's going to be different for everyone.
In the beginning, there were a lot of times where I personally sought advice from other investors more experienced (both online and offline). I found many (but not all) to be very black and white in their advice to me. And, you know what?
If I had listened to their advice, I may have not pursued a handful of opportunities that turned into deals. From my first deal to moving mobile homes, I was told not to pursue these types of opportunities for one reason or another.
Looking back, I'm glad I made the decisions that I made. And, I made them based on the rationality and belief that I could make these opportunities happen. In the end, it was sticking to my gut and knowing in my mind - I can do this.
It's good to listen to the experiences and advice of others. But, you do not always have to follow their advice - just listen. And, then you need to make your own decision - listen to that little voice inside of you.
Honestly, if you believe in what you do and do what it takes to make things happen - you will succeed.
As said in the movie, Pinocchio, "Always let your conscience be your guide."
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!
Recently, I've been getting a bit agitated and annoyed working with banks on their mobile home inventories.
Right now, the banks owned mobiles are just too much of a risk for what the banks (in my experience) are looking to get. It's getting to the point where even the parks won't buy them back. And, that raises a major red flag with me.
(Note: Typically, I try not to compete with the parks I do business with. Some of the parks I work with (but not all), will usually go after the bank owned mobiles - they've got a separate team of people and experience in this area (usually not the park manager). Regarding typical homeowners, they usually don't go after these as it is too time consuming and usually cannot be negotiated effectively over the phone like the bank owned homes).
To tell you the truth, I've never had much luck working with banks on their inventories in the past (even when I first started out wholesaling). It's like a game - too much back and forth with very little results (from my experience).
In my experience, it's just been too much time involved and too much paperwork with very little return. It's like I have to work a lot of them, submit paperwork, prove my case and wait for some "pie in the sky" decision maker to give me the green light. It's been the same way even with the mobiles.
A few weeks ago, I made this post on this bank owned home I put an offer on. Turns out, it's still sitting vacant out there. And, the park manager tells me even the park won't buy it - the bank is asking a pretty ridiculous amount on it.
What's even worse, is the most recent news I heard from another one of my park managers.
(Note: My park managers are my "eyes and ears" - they keep me updated on the latest news with the mobile home biz as well as what's going on in their parks. Having strong relationships with the park managers of the parks you choose to do business with is key to being successful in this business).
This particular park manager has been a real ally - we basically talk on the phone about 2-3 times per week. This park manager really enjoys keeping me updated on the latest news (aka gossip) on who's doing what and what's going on in the biz. It's amazing how much information I've learned from this park manager alone on the state of the business, other park managers/park owners, other parks, other investors, etc.
In any case, this park manager has been working with a couple banks trying to negotiate deals for me. I did not ask this park manager to do this - this park manager tells me they'd rather work with me on deals as they know I keep my word and have a good reputation than work with others who may not be as reputable.
(Note: There are a couple other park managers who attempt to negotiate bank deals for me with homes taken back in their parks. Their logic is they'd rather have someone they know and trust work these deals than some stranger who comes in that they do not know. Plus, usually when a home is taken back by the bank the park will go after the lender for the back lot rent owed - someone will need to pay the back lot rent. And, they will consistently attempt to contact the bank for the funds due).
So, the park manager calls me this week and tells me she's talked to one of the banks (of course one that owes her park a lot of back lot rent!). Well, it turns out they're willing to deal with me. But, there's a catch (of course!).
Here's the catch. I've got to buy a package of 10 mobiles from them, scattered all over (I'm talking thousands of miles away). Most of them are in the early 1990s-mid 1990s range. But, I've got to take them in "as-is" condition (I'm sure there's no way to check the water and/or electricity on these) and move them as well as take them with all the liens such as back lot rent owed, tax liens, etc.
And, all this for a low, low price of.......5k each! Wow, what a deal, right? Not really.
The park manager told me straight and I quote, "Basically, they want you to buy their crap." And, what's even more funnier is she told the bank rep there's no way I'd take this deal (if you could even call it a deal) as she knows that I don't buy "crap" - I only buy homes that I know I can stand behind (I really believe in my product).
And, you know what the bank rep said? The bank rep told the park manager and I quote (again), "Why do you have to go and ruin my deals?" Oh brother!
Then, the bank rep told the park manager to tell me that I better not let this opportunity pass me up as there may not be any more homes to buy (yeah right!). This is not the end - this is only the beginning. It's only going to get worse. And, being the buyers market that it is - it's the buyers who have the power, not the sellers.
After hearing this, I've made the decision to not even pursue bank owned mobiles at this time. It's not worth my time if they're going to be playing this game.
I'd rather focus my efforts on folks who really need to sell good, quality type homes in nice parks. Period.
It's a much better use of my time and energy. Why should I waste my time chasing after these bank owned homes that require too much time and too much work? Plus, if they're not going to be paying off the liens on the homes - forget it. It's going to cost more time and more money for me to deal with these issues (on top of the issues with the individual homes). No thank you.
Will things change in the future? Possibly. It will take some time - I think the bank inventory supplies really need to pile up before banks will start to have "fire sales." Of course, this will be on an area to area and case by case basis.
In any case, I'd thought I'd fill everyone in on my perspective on working with banks. I've had some folks contact me asking me if it's a good route to take. In all honesty, working with banks just hasn't been my cup of tea.
(Note: Though, I have heard of others who have had success working with banks. In this business, everyone will have different experiences - what works for me may not work for you. And, vice versa. Again, it's all a matter of personality and comfort level - everyone works differently).
A wise investor once told me, "If you're going to play the game, make sure you play by your rules. If you can't play the game by your rules, find another field to play in." And, that's exactly what I've decided to do.
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!
Lately, many have expressed interest about wanting to get started (especially after the article I wrote for my pal Julie at Rev N You this month). Though, the question that has come up time and time again has been, "What is your secret to success?"
Well, I'm here to say the secret boils down to one word: PASSION. Period.
Without passion, it's really hard to make things work. Passion is what drives motivation. Motivation fuels persistence. And, persistence is the key to achieving success in any business.
So, you see it is passion that is the foundation to motivation and persistence. Without passion, motivation and persistence simply cannot exist. Passion is the key to success.
If passion is the key to success, many have asked "How can I get the passion that you have? How can I motivate myself the way you have?"
Quite honestly, passion is internal - it must come from within. No book, no seminar, no motivational speaker will give you the passion you need for success - it must come from you. And, you alone.
(Note: I've answered so many of these types of questions that I felt the need to address it).
What you must do is first figure out your passion - what is it you feel passionate about? And, from there create a plan to help you achieve it.
For me personally, my passion came from the fact that I did not want to be a landlord anymore - I wanted total financial freedom. And, I saw mobile home investing as a way to achieve total financial freedom and truly derive passive income that would allow me to enjoy life and do the things I want to do - not the things I had to do.
And, it was this passion of wanting financial freedom that really fueled my motivation and persistence to do what it takes to achieve success in this business. Though it took a lot of time and effort, it has paid off in the end.
(Note: In this post, I talk about it taking me 6 months to learn my market and another 2 months to do my first deal. In total, it took me 8 months to do my first deal. Though this seems like a lot of time and effort invested, all my hard work has paid off in the end).
So many people struggle in this business and wonder why. I hear of so many who have said they do so much but still can't find any deals. Many give up easily and end up returning to the life they have - it is the life they are comfortable living.
In order to make a change in your life, you really need to have the passion to to make that change. Without passion, it's going to be a struggle - a struggle to lead a life that you may not be passionate about.
Quite honestly, my passion has come from what I want - not what others want. If you are content with the life you have now, it's ok.
Though, if you are not then it's best to think about the type of life you want to lead - what is it you feel passionate about that will enable you to make a change?
Focus on what you want - not what others want. Sure, the mobile home business can be fun - it's a way for me to achieve financial freedom.
On the other hand, there are others who do not want total financial freedom. They want to constantly work (even if it be a business) and need that feeling of importance - they need that feeling of others needing them. And, that's ok - everyone has a different path.
As an example, I introduced the concept of mobile home investing to a fellow investor. Now, this investor is a rehabber by trade - their pride and joy is in rehabbing homes. This investor decided to give mobile home investing a try by doing a "Lonnie deal."
After all was said and done, this fellow investor said that this business is boring - receiving a monthly check for $200 was not exciting. This investor really wanted to do something that was more involved and didn't mind work like rehabbing - it was the passion to create and be more involved that fueled this investor's work. So, this fellow investor went back to rehabbing. And, has continued ever since.
So, you see now - passion is everything. Passion will fuel motivation and enable you to persist despite the odds. The key is figuring out your passion. When you know your passion, nothing else will matter - everything else will fall in place.
I'm going to leave you here with a video here from Gary Vaynerchuk that inspired this post.
(Note: If you're interested in reading more, feel free to check out this post I wrote awhile back. Thanks for reading!)
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!
By far, knowing the market is the most important key to success in investing in mobile homes. If you do not know your market, you will not be able to find a good deal. Why?
It's simple. If you do not know your market, you will not be able to see a deal if it comes across your desk because you do not know the values and prices of what people are willing to pay for that particular home in that particular area. Not knowing the market is dangerous and can lead to bad deals and/or missed opportunities.
So many times, I get folks telling me they can't find any mobile homes for $3,000. They tell me they've been looking in the newspaper, been driving around their area looking in parks and surrounding neighborhoods, online websites, etc. But, for some reason they still can't find a deal.
The reason they can't find a deal is because they do not know their market. How do I know this?
As soon as I hear they are looking for a mobile home for $3,000, I know they are not familiar with their market. If you knew the market, you would be able to spot that there may be different ways and different price points to make things work.
For example, what if a lead came across your desk for a mobile home and the seller wanted $10,000? Well, if you are looking for mobile homes for $3,000 you might just pass on that lead. Then, someone like me (who is knowledgeable with the market) knows that a $10,000 home in that area could sell for $25,000 owner financed. Or, I may have a cash buyer who is looking to spend $15,000 for a mobile home to put on their land.
So, you see the person looking for $3,000 mobile homes lost out. If that person knew the market and the demands of the market, they may have been able to put together a deal. Instead, it passed them by.
This is one of the reasons why I believe a lot of folks tell me they can't find any deals. They just do not take the time to learn the market.
In my experience, I find a lot of people just starting out are very impatient. They want to find a "deal" right away. They rush out looking for mobile homes at a certain price point, say $3,000, and spend all their time and effort doing this. Then, they say that they can't find any deals and say mobile home investing does not work.
I'm going to be honest with you, this business takes time. Success does not happen overnight. But, it can happen with enough persistance and belief that you can achieve your goals.
When I first started out, it took me 6 months to learn my market. Then, it was another 2 months until I did my first deal. In total, it took me 8 months to learn my market and accomplish my first deal.
To a lot of people, that seems like a long time. But, it paid off because I know my market very well now. The time I took to learn it has made me better aware of the types of deals I can put together based on the demands of the market.
If you are interested in investing in mobile homes, take the time to learn your market. Do not be impatient. It's an investment in you and your future.
By learning your market, you will obtain the knowledge to help you spot a deal. Kiyosaki once said, "You do not see with your eyes, you see with your mind."
If you have the knowledge in your mind (by knowing your market), that knowledge is power. And, the power of knowledge will lead to your success.
I'm going to leave you here with a video from John C. Maxwell that inspired this post.
I thought I'd address the age old question a lot of folks have been asking me lately, "How do I find buyers?"
If you are investing in mobile homes and plan to buy and hold the paper, the question is not, "How do you find buyers," but "How do you find the right buyers?" There's a big difference. Why, you ask?
The difference is that if you find the right buyers, you are working with people who are in it for the long haul. You are working with people who really do want an affordable place to live and call their own. By having a place to call their own, they will take care of it because it is theirs. Why would they ruin something that they own? You are working with homeowners. Real homeowners are people who love their home so much that they are willing to do anything to save it. If something happens to them financially, they will do all they can to either try to work with their lender and/or get another source of income to help pay for their home. The mindset is that they do not want to lose their home.
On the other hand, if you are just out there to fill your homes and find buyers just for the sake of it - you are not working with people who are in it for the long term. You are working with people who may not really want a place to call their own. Actually, they may be running away from someone or something, and may just need a place temporarily.
They may tell you they really need a place and may even suggest they want a place to call their own. However, in reality they just need shelter for the time being. Are they looking for a long term situation? Maybe. Maybe not. And, that "maybe not" can be the start of a headache for you.
For example, I had a buyer who applied recently. Basically, he told me he really needs a place to call his own and wants to get into something asap. He told me he's living with relatives, going month to month right now. Told me that he's got a good job - been working at the same job for 10 years. But, his credit is not so good.
Ok. So, I wonder if he's got such a great job then why is his credit shot? Why has he had trouble paying his bills to make his credit not so good? I wonder.
So, he applied for the home - filled out the application and submitted all the required paperwork. The park did a credit check on this individual and yes, his credit was not so good. He had a very low credit score.
From the credit report, what I found out was that this potential buyer was 90 days past due on a home mortgage. He failed to mention this to me. In turn, the park manager called him up and told him what we found. It all came out over the phone.
The potential buyer told the park manager that he was currently in default for the home that him and his wife own - they are in the process of getting divorced. He told the park manager that he needs a place asap as the bank is going to be foreclosing on them soon and he's afraid he may be locked out of his house.
So, the park manager asks him straight out, "Are you planning to walk away from the home?" The potential buyer says "yes."
That's all I needed to know to make my decision. This was not someone I wanted to work with. Why? If this person walks away from an obligation, especially his home, what makes me think he won't do the same thing to me? Enough said.
So many times, I hear investors say how they just need to find a buyer(s) for their homes and just want to get them filled. They tell me they don't care and as long as they are getting paid, they're happy. Then, they tell me it's ok because if the buyer(s) defaults, then they can go ahead and take back the home and do it all over again. Simple as that, right? Not in reality.
In real life, if someone defaults and you put the wrong buyer in there with the wrong mentality (by wrong mentality, I mean someone who is not willing to cooperate and/or work with you), it could turn out to be your worst nightmare. And, by nightmare I mean those nightmares that haunt you for the rest of your life.
Have you ever heard the saying, "It's better to have a vacant house than it is to have a problem tenant?"
According to Murphy's Law, "Anything that can go wrong will go wrong." So, it's better to do things right the first time - find a buyer(s) who will take care of the home and really wants a place to call their own.
This is a long term investment - your investment. If you gamble by putting the wrong buyer(s) in the home, you are putting your investment at risk as well as your sanity. It's better to be safe than sorry.
I'm going to leave you here with a video from John C. Maxwell that inspired this post.
"Everyone always wants some new things. Everyone likes new inventions, new technology. People will never be replaced by machines. In the end, life and business are about human connections."
Michael Scott, The Office
With the evolution of technology today, it's very easy to get lost in all the "noise" of the Internet superhighway. Right now, there is a lot of hype out there about social media and its usage regarding platforms such as Twitter, Facebook, MySpace, LinkedIn, etc.
With all the hype and talk about social media, it's very easy to get confused and "lost" in what its true value can bring. Social media is a tool that can help build your business. Notice I said "tool," not substitute.
A lot of people are under the impression that social media is a substitute for doing business - it's not. There is no substitute for good old fashioned networking - human interaction face to face and/or via the telephone.
Sure, you can network with people online and build a great Twitter, Facebook, MySpace, etc. following. However, when it comes down to doing business you have to ask yourself the question - Is this really helping you and your business get to your goals? If it's not, then you have to change gears.
So many times, I get folks telling me they can't find any deals. They tell me they've been looking and looking and can't find any mobile homes for $3,000. They tell me they've been looking in the newspaper, been driving around their area looking in parks and surrounding neighborhoods, online websites, etc. But, for some reason they still can't find a deal.
Well, I'm here to tell you - you won't find a deal advertised in the local paper and/or online. It just doesen't work that way. Deals are made through negotiating - not through advertisements. Probably every single one of my deals, the seller started at full retail price. Let's face it - most people start there because no one wants to get ripped off. It's just human nature.
Where the deals come in through negotiations is really getting to the root of the problem(s) of the seller and getting to know each other by creating win/win situations. When I meet a seller, I have a very casual approach. I do not do any hard selling at all. I let the seller talk. I listen and see what exactly the seller wants to do and why they want to do it. It's that simple.
Ok, so if it's that simple - how come it's so hard for people to make deals? The reason it's hard for people to make deals is because they come across to the sellers like they just don't care. How is this?
Well, most investors come off as "vultures" because they try to do all the talking and tell the seller what they should do - tell the seller what their home is worth and what they can expect them to sell it for. Then they go on and try to scare the seller saying that no one's going to buy their house for that price. This is a big turn off for sellers.
Let's face it - no one likes to be bossed around. If someone pushes, we push back. It's just human nature. This is why it's hard for most investors to make deals - it seems like they just don't care. So, what happens is the few who do make the deals come out the winners because they are the ones who demonstrate to the seller that they do care. And, if someone shows that they care for you - they will in turn care for you back. It's just human nature.
Right now, I'm working with a park - the park manager is basically kicking out all of the investors who bring bad business to the park. What's happening is these investors just let anyone into their mobile homes and don't really take into any consideration of the park and the obligation to pay lot rent.
Their attitude is they really don't care if their buyers and/or tenants don't pay lot rent - all they care about is getting their own payment and/or rent. I was actually in the office hanging out with the manager one day when a tenant came into the office. She told the manager that she just couldn't pay the lot rent and that the investor who owner financed her home told her she doesen't have to pay lot rent as long as she pays the mobile home payment she's ok. The park manager blew up and got really mad.
So, now the park manager is asking these investors to leave her park. They will have the option of either moving their homes (with their buyers and/or tenants) or they will have to sell their homes. (Note: This has been a concern for many people wanting to get into mobile home investing. Yes, I have heard of other investors who have been kicked out of parks and it's a possibility if you bring bad business to the park. For me, I bring good business to the parks and find quality, long term tenants. In fact, the park manager and owners want me to keep doing business in their parks. As long as their lot rents are getting paid, they are happy).
In addition, I'm also working with the park manager for some of the park owned homes as well as some of the bank owned homes in the park. For most parks, they just want their lot rent paid. Doing owner finance mobile home deals is not their forte. So, what happens is they may have to do them because they get stuck with some of these homes and they end up going bad. They would rather work with someone who knows how to fill homes with good quality buyers and/or tenants than have to fill them themselves.
So, you see - it's all about human interaction and creating win/win situations for all. Most investors out there are out to create win/lose situations. Sure, they may be able to snag a deal or two but they won't last for long.
As Seth Godin points out, the only way you can get people to do business with you is to have them talk about you. No amount of advertising and marketing can change the way people see you. If you build your business with an honest reputation of helping people and creating win/win situations, people will spread the word and refer others to you. It's as simple as that.
The reality is most investors put dollars before people. When you put money before anything else, you will lose. You will lose out on deals, long term relationships and you will lose out on business. Money is just short term.
Building relationships and a reputation for being honest and helping people is long term. In the end, business involves people. And, people never go out of business.
I'm going to leave you here with a video from Gary Vaynerchuk that inspired this post.
Happy Investing!
(If you enjoyed this post and would like to read more about negotiating, check out these books. Enjoy!)
This is probably the most frequently asked question I receive from folks looking to get started investing in mobile homes and/or real estate. It's a pretty common question.
I've received many different types of feedback from folks who tell me this investor told them to do this and/or this investor told them to do that. In fact, there seems to be an ongoing discussion among many real estate investors regarding which is the best way and/or method to invest in real estate.
My answer would be - it doesen't matter. What matters is what's best for you and your goals. If you're happy with your life and plan to work until you're 55 and are just looking for a place to park your money for retirement, that's ok. On the other hand, if you're unhappy with your 9-5 job and looking to quit and want to build up a stream(s) of income to replace your current income - that's ok too.
You have to do what's best for you. There will be a lot of people out there who will try to convince you to invest in this and/or invest in that, or tell you to do this and/or to do that. But, you need to keep in mind what your own goals are in life. They may be similar or different from others. That's ok.
Once you have your goals down, then you will be ready to start working towards them. Take action and make things happen.
When I first started out in real estate, I knew what my financial goals were and I made a plan to achieve them. For me, the problem was choosing a system and sticking with it. As many people know, there are many ways to make money in real estate.
With all the different systems out there, I tried to learn all the systems. Why? I figured it would be best to know them all because I didn't want to miss out on a deal if it came across my desk. Big mistake. Ever heard of the saying,"Jack of all trades, master of none?" That was me.
I ended up doing a couple deals here and there. I found some deals for investors using every single technique out there - subject-to, lease options, seller financing, etc. Then, I got into wholesalingREOs. And, eventually landlording. What happened was that I was burnt out - big time.
I didn't feel fulfilled in what I was doing. I was burnt out from all the marketing, taking calls, driving, networking with other investors, etc. At one point, I was working with 30 bird dogs. It ended up being way too management intensive - talk about burn out! I felt like I had no life. Literally. I had no energy to do anything else. Everything was about real estate - I felt like I was chasing every deal possible out there and had no time for anything else. I wasn't living life anymore - I was just working too hard.
Finally, I had enough of it. I took some time off to reflect and think about the kind of life I really wanted. I realized that I was no longer doing things that I enjoyed anymore. Ironically, the whole point of entering into real estate investing was for me to have time to do the kinds of things that I enjoyed. This was not it.
So, I did some more reading and soul searching. And, I stumbled upon mobile home investing. What I really liked about mobile home investing, was the philsophy behind it - having the time to do the things you like doing. Also, I felt like I could relate to Lonnie Scruggs, "The Godfather" of mobile homes, because he was a burned out landlord when he started as well.
Upon spending more time reading about mobile home investing, I soon realized this is exactly the type of system that would give me more time to do the things I enjoy. For me, it was all about lifestyle. I did not want to be a landlord anymore, and I didn't want to spend hours upon hours constantly looking for deals for other investors and/or in a rehab project. That just wasn't me.
Mobile home investing was perfect. So, I dove into the wacky world of mobile home investing. And, here I am. It's much more fun. I can truly say that I enjoy what I do now. I think it's mainly because it allows me to have more free time which allows me to do the things I like doing and above all - enjoy life.
I think what really motivated me was the whole lifestyle mobile home investing supports. Once I made up my mind to pursue mobile home investing, it was very important for me to learn the system and stick with it. This is a very important key to success.
What I've learned is that it's better to do one thing very well rather than a lot of things and be mediocre. Most successful people out there are successful because they do one thing very well. For example, when we think of Johnny Depp - we think of him as an actor. He's very good at acting. Also, when we thing of Tim Burton - we think of him a a director. Both of them do one thing very well.
This can be applied when learning a system and investing in real estate. Many successful real estate investors I know are successful because they know a system very well. The reason they know it very well is because they stick with the system and do the same thing over and over again.
Many times new investors just starting out tell me they want to do so many things (i.e. mobile home investing, wholesale REOs, rehab, landlording, etc). These are all different systems which involve different skill sets and knowledge. Each system requires both time and money invested to do the work. If you split up your time trying to learn many systems, you won't have the same amount of time to devote your attention and energy as if you just tried to learn one system.
By learning one system and applying your knowledge to real life situations, you get better at what you do. I know what you're thinking, but how about the other deals that come my way? My answer is: I pass on them. Why? It's a much more efficient use of my time to focus on mobile home investing since I know it very well, than to go out and chase every type of deal that comes my way. Also, I always keep in mind why I decided to focus on mobile home investing above all the other real estate systems out there - it's the lifestyle. If I were to switch gears and learn a new system(s), I may not have the same lifestyle that I enjoy now with mobile home investing.
The great thing about America is that we have choices. I made my choice to learn mobile home investing and stick with it. I chose it because it fit my personality and the kind of lifestyle I want to live. Everyone is different and may have different goals. But, we all have a choice. Now, you can make your choice too.
I'm going to leave you here with a video from Seth Godin that inspired this post.
Happy Investing!
(If you enjoyed this post and would like to read more about the importance of business systems, I highly recommend this book. Great read!)
Recently, I've been getting a lot of mail from people who are new to the mobile home business asking me if it's a good idea to buy a mobile home park. They've told me they've heard that mobile home parks are great investments - they have read articles and have gone to real estate forums.
Folks, the only way to learn a business is to experience it first hand. If you're not familiar with the mobile home business, the best way to get involved is to start small - do a deal or two and see if you like it. I say this over and over again. A lot of times, people get excited about the dollars and the returns they hear about when they don't think about the big picture and what's involved.
By doing a small deal, you will learn the basics of mobile home investing. From there, if you enjoy the business and truly want to pursue it in the future then you can go on to do bigger deals. But, if you start by getting into a big deal from the get-go and have no idea how to run a park, manage a park, hire people, buy and sell homes, market knowledge, etc. - then you will find yourself "stuck" and a good investment can easily turn into a bad investment if not properly managed.
I'll give you an example. I knew an investor who owned a few single family homes. He never did a "Lonnie" deal in his life. Though, he was convinced that mobile home parks was one of the best investments. So, he took a mobile home park bootcamp and went through the training. After the training, he bought his first park - a 60 space mobile home park.
After a few months, things were going well until one day he had a problem - a big problem. Some waterlines (including the main waterline) broke in the park. He had it looked at and found out it would cost him $60,000 to get it fixed. Well, he didn't have $60,000 cash laying around in his bank account. So, he ended up refinancing some of this single family homes and pulled out the cash from there. So, a few more months roll by and he gets a problem with his septic tank - this time it would cost him another $25,000. This time he has to take a home equity loan against his own house.
Turns out, this investor had so many issues come up that he ended up selling the park for a loss - it cost him too much time and money since he did not know the mobile home business first hand. When he bought the park, he did not have a team in place and was not prepared for the issues that came up. He also had a hard time filling his park and finding homes since his market knowledge was limited.
Here's what can happen when these infrastructure issues come up:
Another investor I knew bought an 80 space park, again after taking a mobile home park bootcamp. The park was half full - this was a turn around project. She had never done a "Lonnie" deal either. Her experience was in rehabbing single family homes. Turns out, the spaces could only fit very small 12 feet by 50 feet homes - they do not make them this small anymore. She tried to find homes that would fit the spaces and was unsuccessful. Instead of re-spacing the lots as she did not want to do this as it would involve an entire infrastructure electrical upgrade, she decided to get mobile homes to fit the spaces custom made. Each home would be $12,000. Ok, problem solved right?
Turns out, these custom made mobile homes were only 1 bedroom. She tried marketing the homes for buyers but it was very difficult. She tried targeting the senior citizen market but soon found they too were picky and/or could not afford her prices as they were on a very fixed income. Like the first investor, she was not prepared for these issues that came up.
These stories are not meant to scare but to inform and increase awareness. It's much better and less risker to start off with a small deal than it is to get stuck with a big deal. If you make mistakes with a small deal, at least they are small mistakes. On the other hand, if you make mistakes with a big deal they can be big - huge and can possibly bankrupt you if you are not prepared.
I'll leave you with a story about The King, the Pawn and the Peon. I hope it will help you to see the importance of starting small and learning through your experiences. It is the small successes that will determine the large ones. And it is the small successes where I have learned the most.
Entrepreneur. Dreamer. Thinker. Doer.
I started out investing in real estate like most people in single family homes. In the beginning, I found deals for other investors. After awhile, I started doing deals myself. Though, I found myself always working and was burned out from being a landlord. So, I dove into the wacky world of mobile home investing and here I am. It's much more fun. This blog is here to take you along on my journey and share with you my adventures investing in mobile homes. Contact Info Contact me
If you have questions about mobile home/real estate investing or want me to check something out (i.e. article, website, blog, video, etc), feel free to send it in. (Questions about mobile home/real estate investing can either be sent in or by asking through my Facebook Page). Please do not send in any file attachments - it's best if you send me a link to anything you send in. If I find it interesting/relevant, I will post it up. Thanks!
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