• Mobile Home Investing Podcast

  • By: John Fedro
  • Podcast

Mobile Home Investing Podcast By cover art

Mobile Home Investing Podcast

By: John Fedro
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  • Summary

  • The Mobile Home Investing Lessons Podcast with John Fedro and guests is the ultimate mobile home investors podcast made for mobile home investors by mobile home investors. Each podcast features a new manufactured home investing topic and lessons in a fun and easy to understand conversation format.
    Copyright 2024 Mobile Home Investing Podcast
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Episodes
  • 050 Eleven Mobile Homes Bought and Sold in 11 Months with Rod

    050 Eleven Mobile Homes Bought and Sold in 11 Months with Rod
    Jun 21 2024
    Mobile Home Formula investor is Helping Mobile Home Sellers and Making Money in DC Area
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    1 hr and 1 min
  • 049 How to Make Money with Mobile Homes in 2024 with John and Megan

    049 How to Make Money with Mobile Homes in 2024 with John and Megan
    Apr 10 2024
    In today’s podcast video we are talking with active Mobile Home Formula investor Megan. Megan has been busting her butt for the past year making a name for herself in the mobile home investing space. Megan is now successfully investing around her state and is well known by other mobile home brokers and park managers statewide. This success did not come by accident, but rather from a specific plan and daily action from Megan.Like almost everyone, when Megan got started investing in mobile homes she had countless questions. Megan and John talked almost daily while building her mobile home investing business.Megan has overcome struggle after struggle in order to achieve her success. She knows she still has a lot more to achieve.A special thank you to Megan for hopping on today’s video to share her business details with others and help other mobile home investors she will likely never meet.Mobile Homes Investing VS. Single Family House InvestingNo one is born a mobile home investor. No one is born a single-family house investor. There are many ways to discover the real estate investing field, however typically investors find themselves gravitating towards 1 niche or another.Like many folks, when Megan heard about mobile home investing through her family, she was skeptical. Actually, Megan admits to rolling her eyes and laughing at the idea of investing in mobile homes. This attitude is extremely common, who wakes up and thinks to themselves “I want to invest in mobile homes today?”After doing more research Megan did the math to realize that mobile homes were just as profitable as single-family homes when it comes to monthly cash flow. Additionally…There are way less mobile home investors compared to single family home investors.There is way less capital needed when investing in mobile homes compare to traditional houses.The risk is much lower in mobile home investing, but serious risk does still exist.Mobile home sellers can be in a real time-crunch to get their mobile homes sold quickly.This year is a great time to sell mobile homes for all cash or monthly payments.When selling mobile homes on monthly payments the cash flow can be very similar to that of site-built houses.Sacrificing Today’s Resources for Her Family’s FutureDo not believe anyone that tells you mobile home investing will make you rich quick.Mobile home investing regularly in deals every month can take 20 to 30 hours each week dedicated to your mobile home investing business. Think you have what it takes?Megan tells of a story about her driving over two hours away from her home to invest in a killer mobile home deal. Megan stayed an additional few hours at the mobile home while the seller packed up and moved out. Megan then had to drive all the way back home late at night. This was done with her kids and newborn baby in the car with her.Megan has put in the time to learn this business, to overcome her fears in order to gain the skills to helped so many local mobile home buyers and sellers in her market.Appreciating What You’ve Accomplished, While Still Always Aiming for Bigger Goals.Outsourcing is what Megan is currently working on growing. Megan’s mobile home business is growing, and she will need to outsource and automate her mobile home investing daily workload in order to scale and continue investing in mobile homes while investing less of her own personal time.Megan is becoming the definition of, working smarter and not harder.In today’s podcast you can watch Megan as she discusses her attitude about her recent successes. As we become more and more successful, the goalpost keeps moving further and further back. This is normal and a very healthy sign your business is growing. As we accomplish one goal another pops up! Megan is also appreciating where she has come from and the success she currently has.Megan admits to doing bigger and bigger deals that she never dreamed were possible. Achieving her goals is a direct reflection of the time and commitment Megan has put in to learning this business, partnering with the right mentors, and taking daily action even though she is scared at times.Megan has no intention of slowing down anytime soon!In conclusion, mobile home investing takes hard work and typically daily effort to make a consistent name for yourself and help multiple buyers and sellers monthly. You will never learn everything you need to know about real estate investing from reading books or watching videos. While there are many ways to make money in real estate, there are countless ways to lose profits as well. Have fun and take daily action to reach your financial goals sooner rather than later. If you have questions, please ask them. There are plenty of active investors around to give you help and guidance if you simply ask for it.
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    55 mins
  • 045 Southern Gal Wins Big with Mobile Homes on Land with John and Lameka

    045 Southern Gal Wins Big with Mobile Homes on Land with John and Lameka
    Apr 10 2024

    Once upon a time, there was a lady named Lameka who wanted to do something really special. She wanted to make money, but she also wanted to help people. She had a big dream of owning mobile homes and turning them into nice places to live while making some money. In today’s Mobile Home Investing Lessons podcast #45 we’re talking with active mobile home investor Lameka.

    Facing Her Scary Feelings

    At first, Lameka felt scared because she didn’t know much about mobile homes. But she didn’t let fear stop her. She decided to learn all she could about mobile homes. She read books, went to meetings, talked to people who knew a lot about them, and found a partner to learn from. Learning made her feel less scared.

    Lameka says, “with passion, belief, action, and accountability, we can achieve anything!”

    Helping Others and Making Money

    Lameka didn’t just want to make money; she wanted to help families find good homes they could afford. She knew mobile homes could be great for that. So, she bought some old mobile homes and fixed them up to make them nice and cozy. This way, she could help people and make a profit too.

    Finding People Who Really Wanted to Sell

    To make her dream come true, Lameka needed to find people who really wanted to sell their mobile homes. She got good at this by talking to lots of folks and building trust. When mobile homeowners needed to sell fast, they thought of Lameka because she was local, friendly, and fair.

    Selling Fast to Happy Buyers

    Once Lameka had nice mobile homes ready to go, she wanted to sell them quickly. She made sure to tell people about her homes and show them how great they were. Buyers were happy because Lameka was honest, and they got good deals. She sold mobile homes for all cash and others for monthly payments.

    You Can Do It Too

    Lameka’s story shows us that even if we feel scared, we can still go after our dreams. If you’re interested in mobile home investing like Lameka, start by learning more about it. Talk to people who know about it and continue learning. Don’t let fear stop you. Use it as a way to make yourself better.

    Lameka says, “Whatever your goal, stay focused and take action to make it happen.”

    Lameka’s adventure is proof that we can do amazing things when we try. You can follow in her footsteps. You might even discover that you can help people and make money at the same time. So, don’t be afraid, start your own adventure in mobile home investing!

    In today’s Mobile Home Investing Lessons Podcast #45, we uncover:
    • 0:00 Welcome Lameka
    • 1:10 Mobile home investing VS Youtuber
    • 2:00 Multi-passionate Entrepreneur
    • 2:30 Real estate investing crash.
    • 7:00 Learning a new business.
    • 9:00 Invest without ever seeing the mobile home.
    • 11:00 Keep the home and rent the land.
    • 16:45 Park manager relationship.
    • 18:40 Investing safely.
    • 24:10 Buying or Brokering?
    • 28:00 Working with banks.
    • 31:00 Deal breakers when selling.
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    34 mins
Leadership Economics Personal Finance Personal Success
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