If you are interested in investing in mobile homes, then lonnies book is fine. 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. 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. Mobile home park investing mobilehomeparkstore blog. Mobile homes are an overlooked part of the real estate market and are usually hidden from the average investor. Mobile home walk through, closing, and acquisition strategy john fedro. Why settle for investment base hits when you can be hitting mobile homer. How to add mobile homes to park or land john fedro. The question, what type of real estate investor should i be. 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.
In a suffering economy, finding a lucrative investment is essential. Since theres so many books out there, ive decided to compile a list of the top 10 mobile home investing books. 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. Everything looks so organized and well put together.
Thats why we are the resource that the professionals use to gather information on the industry, from. We believe mobile home park investing offers outsized cash flow returns relative to inherent investment risk. Im feeling ready to own my own home, and live in a place with a yard. Theres a variety of people in this group ranging from those just starting out to retirees looking toward a simpler life, and many others. This is the perfect strategy for someone who has little to no money who is looking to get positive cash flow. 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. Sep 17, 2012 there are many books, courses and boot camps on the subject of mobile home park investing. You have to know the ins and outs of what separates the winners from the losers before you invest. There are many books, courses and boot camps on the subject of mobile home park investing. 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.
You need to go through the mobile home carefully to make sure it is worth buying. Lonnie scruggs is widely known and well respected as the authority on mobile home investing. Mobile home park investing is the most attractive asset class in all of commercial real estate at this moment. Click the image for larger image size and more details. How to successfully buy and sell mobile homes, a winwin approach for investors and mh park owners 1 mobile homer the new system of. Youll learn the 2 types of deals, the 4 key demand factors and why you should invest in mobile home parks. Youll also find out the top 3 misconceptions about this commercial property type, 5 major things to look. 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. 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. How to invest in mobile homes to create cash flow with john. Mobile homes built after 1976 have been subject to standards enforced by the u.
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. Mobile home park investing articles mobile home university. Free mobile home value used mobile home book values. If you are interested in mobile home park investing, then theres a ton of articles, books and courses on. The combination of the higher goingin cap rates with comparable financing terms provide significantly stronger cashoncash yields than. Truly, mobile homes represent some of the most unique opportunities within the discipline of real estate investing. Top 10 mobile home investing books adventures in mobile homes. 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. 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. In the meantime i was watching for mobile home parks to buy mainly by checking out the rocky mountain news and denver post. 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. Mobile home investing looking great way make some extra money second income find earn first difficult. How to invest in mobile homes to create cash flow with.
Use features like bookmarks, note taking and highlighting while reading mobile home investing. Mobile home parks should be viewed as an affordable housing solution and delivers a stable tenant base for regular income. Best mobile home investing books for getting started. Learn from someone who first started out as a real estate investor, then moved into mobile home investing, then ultimately mobile home park investing. Its also more flexible because you can choose to invest in the land a mobile home park. Department of housing and urban development hud, so that the quality of construction is often very good. I have known john for 6 months and thank god almost weekly that i met him. Download it once and read it on your kindle device, pc, phones or tablets. Some of these methods involve a good deal of time while some real estate investing strategies require capital to get started. 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.
With the current im a moderately experienced single family home investor who currently does wholesaling, rent to own, and and fix n flip investing. Mobile home park investing for beginners peter harris. Learn what most real estate investors will never learn in a lifetime of house investing. 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. 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. In the current state of our economy, more people are. Ultimate mobile home bootcamp seminar by lonnie scruggs. Lonnie scruggs passed away on april 15, 20 but his training lives on here at. Some of the richest people in the us, like warren buffett, made millions from trailer parks. 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. May 22, 2015 some of the richest people in the us, like warren buffett, made millions from trailer parks. I didnt even consider investing out of state even though there were not many deals in colorado.
Mobile home university, where the rich teach others how to. 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. The new investors guide to owning a mobile home park. Mobile home notes are popular because there are a vast number of them in this industry. You can get up to speed very quickly using these resources. And some of them would like to teach others who enjoy exploiting the poor how to do exactly the same. How to buy a mobile home or free mobile home wuncle zally. Investing in mobile homes can be a lucrative business and requires a lot less capital to get started than investing in traditional real estate. While real estate is generally thought to be a solid investment, there are not a lot of homes being purchased.
If youre a subscriber to my newsletter, youll know that buying land has been on my mind lately. After several years of investing in used mobile homes, tony began buying and developing landhome properties and small mobile home parks. One of the best mobile home books ever written about mobile home park investing and investment property in general. 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. Fastlane is an entrepreneur discussion forum based on the c. Youre about to discover what every beginner should know about investing in mobile home parks mhps. There are hundreds of ways to make money with real estate. 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. Tonys bluecollar approach to investing in this unique niche is designed to help new investors get started creating income and wealth. Even with rent in a mobile home park, a mobile home may cost less than an apartment per month. Seller financing mobile home success tips john fedro. Mobile homer the new system of mobile home investment. How i got started in mobile home investing and how you can too. Laura cochran author of the new investors guide to.
The problem is, i cant afford to pay more than i currently do for my apartment. This is not like other real estate courses that just gloss over the subject. Making money through mobile home investing by jerry hoganson. This mobile home park course is hundreds pages and hours of audio. Mobile home park investing books and courses mobile home. His articles, books and home study courses will provide a stepbystep guide to help you create financial security and independence. From multimillionaires to digital nomads to side hustlers who are grinding a job, the fastlane forum. Here are 6 ways to make money investing in mobile homes. After a few months of searching, i saw an ad for a mobile home park in limon, colorado. 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.
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. Investing in mobile homes home the white coat investor. Considered the godfather of mobile home investing, lonnie was. Top 10 mobile home investing books adventures in mobile.
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. With the current sfh market booming again id like to get into a new market with lower future risks mobile homes. Im a moderately experienced single family home investor who currently does wholesaling, rent to own, and and fix n flip investing. Learn the mobile home park insider secrets, tricks and shortcuts in a 3day immersion event. Email protected address 4833 front st unit b3 castle rock, co 80104. We have no financial relationship, but like every link to a book on this website, if you. Mobile home park investing for beginners commercial. I agree with some of the guys above that say john fedro is a kind and generous individual. 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. Mobile home park investment research park street partners.
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. 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. It is more cash than the seller could get from most mobile home buyers. Investing in mobile home parks could be your most profitable investment outlet in todays market. Mobile home deal maker formula training updated for 2020. Learn from someone who first started out as a real estate investor, then moved into mobile home investing. John has helped me and my family, almost nonstop build my mobile home investing business. Here is the solution and one that will increase your success of buying used mobile homes and earning an. There are a large number of mh parks in this country, and many people are placing mobile homes on land. Making money through mobile home investing by jerry. 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. Experienced acquisition and knowledgeable mobile home park operators such as park street partners, are uniquely positioned to capitalize on this misunderstood asset class.
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