Mobile Home investing – 6 Steps to True Wealth

Hi everyone,

As most of you know we are now allowing others to join us in our Mobile Home Investing “Inner Circle” weekly meetings held weekly.  If you were not able to register for the dollar ($1) promotion above it will be available again soon. be on the look out soon for that!

During our last weekly review session I was speaking with one of our members that told me she lost everything back in 2008, and since then has been very resistant to begin real estate investing again.  She was looking into mobile homes because she thought they would be an easy way to get back into the R/E game and out of her current employment.

This got our group talking about how safe the real estate market really is.  There are certainly factors like the economy that you simply cannot control; but what factors in R/E that can you control.

Start taking control of your life:

Develop your skill as an investor; finding properties, attracting sellers, putting together deals, hassle-free management, duplication, automation.

1. Purchase housing that will always be work more than you purchased it for.  Buy low priced property that can sell for way more!

2. Surrounding yourself with other motivated and successful people that are heading where you want to go!

3. Never sign personally for a mortgage loan for any of your properties.  Bank rates can always go up, and in fact they usually do.

4. Learn to structure winning deals that do not require bank financing to buy.

This brings me to the main point of this article.  Here’s a question I want you to ask yourself… If you lost everything today would you be able to regain what you lost? How quickly would it take? Would you just give up?

True Wealth is a Mindset

Time, education, and action are the only things keeping you from monetary riches.  However, True Wealth can be achieved much sooner.  True wealth is the ability to make money in any market, at any time.  Mobile home investing is something that once you learn, you will profit your entire life.  Once you achieve true wealth it is difficult to lose it, almost impossible.  Monetary wealth can be gone in an instant.

Here is what Napoleon Hill has to say from his book Think and Grow Rich:

1. Fix in your mind the exact amount of money you desire. It is not sufficient merely to say “I want plenty of money.” Be definite as to the amount.
2. Determine exactly what you intend to give in return for the money you desire.
3. Establish a definite date when you intend to possess the money you desire.
4. Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.
5. Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.
6. Read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning.

If you truly believe you will achieve this goal and put the effort forth to make it a reality you are truly wealthy… no one can take this away from you.

UPCOMING POST:  I recently walked through an investment mobile home for sale.  I video recorded my thoughts using my Flip camcorder.  I will be posting this video so that you may see what to look for and what to avoid when mobile home investing.

Cheers,
- John

Tags: hill