Over the next few posts we will be focusing on a different investment class within the rental property space – mobile homes. For the past two years I have toyed with the idea of buying a few of these properties merely due to the lower entry point. However, rather than attempt to explain how this investing model works in today’s market, I thought it would be best to have a seasoned investor talk to us about it first-hand.
That investor is John Fedro. John’s real estate career started with an old Ron LeGrand real estate investing course while in college,
“How to Buy and Hold Real Estate”. It was his BIG life wake-up call. It inspired him to join a multitude of real estate invest clubs, read every course he could buy or borrow, and make over hundreds of offers on different homes.
It wasn’t until John met a seller, that was selling a manufactured home that he was able to purchase with equity and quickly turn for a $35,000 cash profit, that he knew mobile home investing was the best fit for his real estate career.
For the past 10 years, John Fedro has made his full-time income from his passive cash-flow investments. In 2007 he began helping local investors invest in mobile homes and has proceeded to help hundreds of new and seasoned investors follow in his foot-steps with the help of his online teaching and resources.
Today John is going to talk to us about the very basics of Mobile Home investing. READERS – these next several post are meant to be interactive, so please: ASK QUESTIONS and COMMENT on the bottom of the post. John will be addressing these items over the next several posts!
With that said, take it away John!
READERS – THOUGHTS, QUESTIONS, COMMENTS??
No related posts.