This book will take you by the hand and show you how to make a good, secure livingor a fortune your choiceby using proven success formulas. Tonys bluecollar approach to investing in this unique niche is designed to help new investors get started creating income and wealth. I didnt even consider investing out of state even though there were not many deals in colorado. Here are 6 ways to make money investing in mobile homes. Ultimate mobile home bootcamp seminar by lonnie scruggs. Some of these methods involve a good deal of time while some real estate investing strategies require capital to get started. If youre a subscriber to my newsletter, youll know that buying land has been on my mind lately. Sep 17, 2012 there are many books, courses and boot camps on the subject of mobile home park investing. In the current state of our economy, more people are.
With the current sfh market booming again id like to get into a new market with lower future risks mobile homes. Seller financing mobile home success tips john fedro. Nov 17, 2015 its funny because im sort of jaded to mobile home investing now because whenever im helping a member, and we dont make our money back because i really shoot that we try to make all of our money back, the holding cost, the acquisition cost, the repair cost if needed, i really want to make all that money back in about 6 months or less. Best mobile home investing books for getting started. The problem is, i cant afford to pay more than i currently do for my apartment.
Here is the solution and one that will increase your success of buying used mobile homes and earning an. Use features like bookmarks, note taking and highlighting while reading mobile home investing. Its also more flexible because you can choose to invest in the land a mobile home park. I have known john for 6 months and thank god almost weekly that i met him. We believe mobile home park investing offers outsized cash flow returns relative to inherent investment risk. Mar 28, 2017 investing in mobile homes can be a lucrative business and requires a lot less capital to get started than investing in traditional real estate. May 22, 2015 some of the richest people in the us, like warren buffett, made millions from trailer parks. His articles, books and home study courses will provide a stepbystep guide to help you create financial security and independence. Department of housing and urban development hud, so that the quality of construction is often very good. There are hundreds of ways to make money with real estate. How to invest in mobile homes to create cash flow with. Thats why we are the resource that the professionals use to gather information on the industry, from. Since theres so many books out there, ive decided to compile a list of the top 10 mobile home investing books.
Learn from someone who first started out as a real estate investor, then moved into mobile home investing, then ultimately mobile home park investing. This is a guest post from rachel hernandez, the spouse of a physician and a real estate investor who has written a book on investing in manufactured housing entitled adventures in mobile homes. The combination of the higher goingin cap rates with comparable financing terms provide significantly stronger cashoncash yields than. Top 10 mobile home investing books adventures in mobile homes. An appraisal is an excellent choice when the home is in an upscale or high demand area, when the community location value far exceeds the homes actual value. This information can be found all over this site, from our free mobile home park investing articles to our free mobile home park investing book that is available to. While real estate is generally thought to be a solid investment, there are not a lot of homes being purchased. Mobile home university, where the rich teach others how to.
Considered the godfather of mobile home investing, lonnie was. You need to go through the mobile home carefully to make sure it is worth buying. How to successfully buy and sell mobile homes, a winwin approach for investors and mh park owners 1 mobile homer the new system of. Learn from someone who first started out as a real estate investor, then moved into mobile home investing. Mobile home park investing articles mobile home university. Mobile homes built after 1976 have been subject to standards enforced by the u. Mobile home park investing for beginners commercial. Learn the mobile home park insider secrets, tricks and shortcuts in a 3day immersion event. Mobile home notes are popular because there are a vast number of them in this industry. Its also more flexible because you can choose to invest in the land a mobile home park sits on, the mobile homes themselves or both. Mobile home park investment research park street partners. As a college student trying to get into real estate investing, i personally recommended john fedros mobile home books to educate yourself and take action every day.
Click the image for larger image size and more details. This mobile home park course is hundreds pages and hours of audio. Theres a variety of people in this group ranging from those just starting out to retirees looking toward a simpler life, and many others. Email protected address 4833 front st unit b3 castle rock, co 80104. Mobile home parks should be viewed as an affordable housing solution and delivers a stable tenant base for regular income. I must say no other mobile home park guru even comes close to the real life experiences dave reynolds provides in his books on mobile home park investments. After a few months of searching, i saw an ad for a mobile home park in limon, colorado.
Mobile homes are an overlooked part of the real estate market and are usually hidden from the average investor. Fastlane is an entrepreneur discussion forum based on the c. Making money through mobile home investing by jerry hoganson. It is more cash than the seller could get from most mobile home buyers. How to invest in mobile homes to create cash flow with john. Mobile home deal maker formula training updated for 2020.
This is the perfect strategy for someone who has little to no money who is looking to get positive cash flow. In a suffering economy, finding a lucrative investment is essential. Everything looks so organized and well put together. Youll also find out the top 3 misconceptions about this commercial property type, 5 major things to look. In the meantime i was watching for mobile home parks to buy mainly by checking out the rocky mountain news and denver post. You will need to buy so you can at least double your asking price and offer financing i didnt follow this on my first deal but at least doubled my sell price on deals 25. Experienced acquisition and knowledgeable mobile home park operators such as park street partners, are uniquely positioned to capitalize on this misunderstood asset class. With the current im a moderately experienced single family home investor who currently does wholesaling, rent to own, and and fix n flip investing. This was the first book i read on mobile home park investing that was wrote by dave reynolds and the reason i continued to purchase his books on investing in mobile home parks. Laura cochran author of the new investors guide to. There are a large number of mh parks in this country, and many people are placing mobile homes on land. Youll learn the 2 types of deals, the 4 key demand factors and why you should invest in mobile home parks. And the authors of the articles, books, courses and boot camps are frank rolfe and dave reynolds, who are the 5th largest owners of mobile home parks in the u. I do not know what it costs but whatever it does i am going to buy it as soon as i get my credit card debt paid down and have some money in the bank.
One of the best mobile home books ever written about mobile home park investing and investment property in general. Below are 20 best pictures collection of mobile home investing photo in high resolution. The new investors guide to owning a mobile home park. Youre about to discover what every beginner should know about investing in mobile home parks mhps. Youll learn to evaluate used mobile homes, perform due diligence on them, negotiate the purchase price and how to fix them up to sell for maximum profit. There are many books, courses and boot camps on the subject of mobile home park investing. How to successfully buy and sell mobile homes, a winwin approach for investors and mh park owners 5 the mobile homer system a program that will help to guaranty your success. Mobile home park investing books and courses mobile home. If you are interested in mobile home park investing, then theres a ton of articles, books and courses on. We have no financial relationship, but like every link to a book on this website, if you. How i got started in mobile home investing and how you can too.
Free mobile home value used mobile home book values. Truly, mobile homes represent some of the most unique opportunities within the discipline of real estate investing. Mobile home park investing is the most attractive asset class in all of commercial real estate at this moment. Why settle for investment base hits when you can be hitting mobile homer. The mobile home investing business only works if you can give the people a part in the ownership so that they fix things up, take care of things and have pride of ownership, and pay you off asap. Some of the richest people in the us, like warren buffett, made millions from trailer parks. Lonnie scruggs is widely known and well respected as the authority on mobile home investing. And some of them would like to teach others who enjoy exploiting the poor how to do exactly the same. Im a moderately experienced single family home investor who currently does wholesaling, rent to own, and and fix n flip investing. Why mobile home park ownership is the best investment in this economy and step by step instructions how to acquire and manage a profitable park by. Making money through mobile home investing by jerry. Mobile home park investing mobilehomeparkstore blog.
Im feeling ready to own my own home, and live in a place with a yard. Its funny because im sort of jaded to mobile home investing now because whenever im helping a member, and we dont make our money back because i really shoot that we try to make all of our money back, the holding cost, the acquisition cost, the repair cost if needed, i really want to make all that money back in about 6 months or less. Mobile home investing looking great way make some extra money second income find earn first difficult. How to buy a mobile home or free mobile home wuncle zally. Looking at the demographics and financial performance of this sector, it is not difficult to come to the conclusion that becoming an owner or investing in one of these parks can be considered a reasonable investment. Aug, 2010 the mobile home investing business only works if you can give the people a part in the ownership so that they fix things up, take care of things and have pride of ownership, and pay you off asap. Investing in mobile home parks could be your most profitable investment outlet in todays market. You can get up to speed very quickly using these resources. Stu silver, author of mobile home wealth ii is a national leader in highquality continuing education services, with decades of successfull investing in mobile homes and mobile home parks. The question, what type of real estate investor should i be. John has helped me and my family, almost nonstop build my mobile home investing business. Learn what most real estate investors will never learn in a lifetime of house investing. This is a good way to invest in mobile homes if youre looking for consistent cash flow and dont necessarily want to deal with the issues of being a landlord. After several years of investing in used mobile homes, tony began buying and developing landhome properties and small mobile home parks.
Mobile home park investments tend to trade at a capitalization rates net income divided by purchase price anywhere from percentage points higher than comparable quality multifamily assets. Mobile homer the new system of mobile home investment. Recently, ive had a lot of folks contact me asking what the difference between some of lonnies as well as other mobile home investing materials out there and which one id recommend the most. If you are interested in investing in mobile homes, then lonnies book is fine. This is not like other real estate courses that just gloss over the subject. From multimillionaires to digital nomads to side hustlers who are grinding a job, the fastlane forum. Stu silver, author of mobile home wealth ii is a national leader in highquality continuing education services, with decades of successfull investing in. Mobile home walk through, closing, and acquisition strategy john fedro. How to add mobile homes to park or land john fedro. Top 10 mobile home investing books adventures in mobile. To have such experience in mobile home investing at my fingerpicks and ears is going to be so helpful. Lonnie scruggs passed away on april 15, 20 but his training lives on here at. Mobile home park investing for beginners peter harris.
Download it once and read it on your kindle device, pc, phones or tablets. Be sure to check out this article on the 9 must read real estate investing books to create your empire now where one of my books was mentioned. Investing in mobile homes can be a lucrative business and requires a lot less capital to get started than investing in traditional real estate. Recently i was told that buying a mobile home and placing it in a mobile home park will cost about the same as my apartment per month. Investing in mobile homes home the white coat investor. Even with rent in a mobile home park, a mobile home may cost less than an apartment per month.
448 51 367 1432 481 882 465 811 1475 746 5 1023 1250 361 334 580 749 1032 157 1366 328 4 457 288 180 756 564 648 3 24 1191 725 913 504 870 1211 632 1422 451 840 358 1338 65 673 287 324