Mobile Home Investor Q&A #6 – Deals On Wheels, Turning $7,500 Into $35,000+ Mobile Home Investing

Welcome back,

In today’s video we talk with an active mobile home investor who started his mobile home investing business in Delaware and has since moved more than 2,000 miles away. In this 30-minute interview we sit down with Daniel as he opens up his investing business to share what is working and not working for him. Please make sure to listen to the full interview to take away as many nuggets to implement in your own local mobile home investing business.

We are extremely happy to bring you this video lesson because Daniel shares what most of us share when we start: Fear, Analysis-Paralysis, and ultimately Courage to push through and Win. When Daniel started investing in manufactured homes he absolutely had his reservations and anxieties with regards to speaking with new people in the mobile home investing realm (I.E. Park managers, owners, banks, dealers, sellers, etc). I mentioned this to you because almost everyone, definitely including myself, was/is scared as hell getting started in a brand-new business we have little to no experience with. This is natural. Feel the fear, know the proper steps, and take action.

Related Article: Getting Started Investing: Transitional Vulnerability

A big “THANK YOU” to Daniel for allowing us to interview him to help other investors he will never likely meet.

mobile home collage dan 2

Please sit back and enjoy this 30-minute interview. (Keep this screen open and video playing to listen while working.)

Questions/Topics Discussed in the Video: (Times are provided to fast-forward video if needed.)

  • 1:20 How long have you been investing in mobile homes?
  • 3:12 How and Why did you buy your first property so young?
  • 4:30 Can we talk about the numbers of this first deal long ago?
  • 5:25 What states are your properties in?
  • 6:00 Why did your first few deals take 3-4 months to get started?
  • 7:01 Dealing with greedy and money-hungry parks.
  • 8:42 Where do you draw the line between learning and doing?
  • 9:50 Selling and Renting to High-risk people is too easy.
  • 10:04 Have your tenants been paying on time?
  • 11:30 What service do you use to screen tenants and collect payments.
  • 12:06 Deal #1 (Bird-dog)
  • 13:29 What lessons did you learn from this other investor?
  • 17:10 Deal #2 (Buy and Hold)
  • 18:31 Why would a mobile home seller knowingly sell for a reduced price?
  • 19:43 How did the second deal work?
  • 25:10 Deal #3 (Fix and Flip)

mobile home collage dan

Every area of the country is different. If you have specific questions about your current area please do not hesitate to get in touch with us directly.

In conclusion, we hope that this video interview has been helpful to you in some way. There will never be a single video or lesson you will learn that will create complete clarity in your mind with any new business or investing niche. Instead it is the consistent asking of questions and getting answers and daily action that gets you closer and closer to your business, personal, and financial goals. Take action daily to help others daily and have a great week.

Do you have questions? Please tell us below.

Love what you do daily,
John Fedro
support@mobilehomeinvesting.net

 

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14 Comments

  • Lexington & Co

    July 30, 2016

    Hey John,

    Very good article and interview. Thank you for taking the time to explain a little bit more about the deal in the video. I can relate to the video a bit because I have been a eager seller in the past with some tools and equipment I needed to sell quickly. I know this is not the same as the situation you went through but there is absolutely an area to profit when one knows what they are doing. I will be looking further into your site and contacting you soon with questions. Thank you.

    Bruce Longmont

    • John Fedro

      August 2, 2016

      Hi Lexington & Co,

      Thanks for reaching out and connecting. Additionally, thank you so much for your kind words. I do hope that the article and video has been somewhat helpful to you thus far. I think most of us can relate to being a frustrated seller that is emotional about what they are selling and needs to get out quickly. With that said thank you for bringing this up and mentioning the time with your equipment and tools. You also mention that there are areas to profit from when people are in this type of situation. On a personal note it is important that we do make a profit however we also provide a service to our sellers. We are not here to argue with sellers or undercut what they need to move. Instead, we want to work one on one directly with sellers to come to win-win scenarios to sell their homes so they can move on to their next property and life mission. I hope this helps and make sense. Please feel free to look around the site and if you have any follow-up questions or concerns please never hesitate to reach out any time.

      Talk soon,
      John

  • Jed

    July 30, 2016

    John,
    Do you have any scheduled seminars or convention appearances coming up?

    • John Fedro

      August 2, 2016

      Hi Jed,

      Thank you for reaching out and connecting. No, I do not have any schedule like this as of yet. To be honest with you I would rather be working with people one on one directly in the fields versus speaking in front of folks on stage in some big seminar room. This is probably a big reason I do not host or speak at many seminars. I’m sorry that I was not able to provide you with such a list. With that said if you have any general or specific questions or concerns never hesitate to reach out any time. Although we won’t be talking face-to-face I will still be happy to answer any questions or confusions you have moving forward. Never hesitate to reach out.

      Talk soon,
      John

      • Sergio

        August 29, 2016

        Thnks for all ur vids n knowledge,there awesome and authentic. Just wanted to say thou, I’m very interested and of course I got questions.) I was looking to buy and ran across your site,and yea I got a to know more.

        • John Fedro

          September 1, 2016

          Hi Sergio,

          Very happy to help. Thank you very much for the kind words. They really mean more than you know. Moving forward please know that whether you are a member of our mentoring/training or not I’m always happy to answer any comments or email questions you have. Keep up the good work and keep in touch.

          Talk soon,
          John

  • Alan T

    August 11, 2016

    Awesome and inspiring post, John! Congratulations Daniel!

    • John Fedro

      August 25, 2016

      Hi Alan,

      Thank you so much for the kind words. I do hope this article and video has been helpful to you in some way thus far. Moving forward if you ever have any follow-up questions or concerns never hesitate to reach out any time.

      Talk soon,
      John

  • Matthew Burnham

    August 11, 2016

    Hi John,
    Thank you so much for making good articles and videos that really have good information and are not just fluff. I’ve been following your stuff for a while and just wanted to say thank you for always being a consistent and quality person. I will definitely be having questions for you in the near future.
    Looking forward to hearing your advice soon,
    Matthew Burnham

    • John Fedro

      August 25, 2016

      Hi Matthew,

      Very happy to help. In this post and video, Daniel definitely gets all the credit with regards to opening up his business and letting us know what is and is not working for him. With that said, thank you very much for the kind words and kudos. They truly mean more than you know. Moving forward if you ever have any questions or concerns never hesitate to reach out any time. Always here to help.

      Talk soon,
      John

  • Anthony B

    August 29, 2016

    Hi,

    My wife and I really appreciate the information you put
    out, it seems you are about helping people and thats what
    we are all about.

    We are looking to make our second real estate deal
    in early 2017, just purchased our home and will be ready
    for our second investment then. We are considering continuing
    our portfolio in mobile home investing. I would love to reach out to you and
    ask some questions as we decide.

    Thank you for your time and info we appreciate it.

    Anthony

    • John Fedro

      September 1, 2016

      Hi Anthony,

      Thank you very much for commenting and reaching out. Additionally thank you very much for your kind words. I’m truly happy that the articles and videos I create have been helpful to you thus far. Please let me know if you have additional suggestions for videos or articles for the future.

      Congratulations to you and your wife with regards to your first deal! This is the first of many. I’m always here to help if I can. Please feel free to reach out to me personally at John@mobilehomeinvesting.net. Please let me know what questions and concerns you have and I’ll be happy to answer them accordingly. Don’t hesitate to ask me anything on your mind. Congratulations on the first deal and great job pulling the trigger on this first one.

      Talk soon,
      John

  • Jittmo Kuma

    December 2, 2016

    Hey John, you did a great job. All information you shared is helpful. Thank you very much for all you do. I will be in contact soon with more specific mobile home questions.

    • John Fedro

      December 8, 2016

      Hi Jittmo,

      Thank you for reaching out and connecting. Additionally, thank you so much for your kind words. Moving forward if you ever have any follow-up questions or concerns please never hesitate to reach out any time. Always happy to help if I can.

      Talk soon,
      John