Mobile Home Investing Podcast

046 Best Friends Close 70 Mobile Home Deals Quickly with John and Ian

04.10.2024 - By John FedroPlay

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In today’s 33-minute Mobile Home Investing Lessons podcast episode #46 we sit down with active Mobile Home Formula members Ian and Daniel. The two best friends have helped dozens and dozens of mobile home sellers and buyers in their short time investing.Over 70+ mobile homes bought and sold, or wholesaled, in just over three years. This averages out to 2 mobile homes purchased and resold each month, for 36 months straight.These investors are not geniuses, but they are hard-working, ambitious, dedicated, and ethical friends that do not have to work a 9-to-5 job anymore. Listen to what these two investors have to say.A special thank you and shout out to Ian and Daniel for hopping on today’s call. Hopefully their sacrifices will now go on to help you grow your mobile home flipping business.In today’s mobile home investing podcast #46, John, Ian, and Dan gossip about…* 0:00 Introduction* 0:45 What are you willing to sacrifice?* 1:30 How much cash did you have to start?* 3:15 Cash or Cash-flow for you?* 5:15 Tips partnering with a best friend.* 8:40 Work life balance tips.* 12:05 Deals out in the middle-of-nowhere.* 15:00 What does an average deal look like? * 16:20 Do you need a sales lot?* 18:10 Do you think your age matters?* 18:50 Do you have a boss?* 21:50 Discrimination* 24:30 Providing value over price to seller.* 27:00 Setting correct expectations.* 28:40 Taking 6 months to close?* 29:00 Hours you put into your deals.* 31:20 What’s been one of your simplest deals?#1 SacrificingHelping others and growing a business requires you to make regular sacrifices. We all intuitively know this and understand that growing anything substantial will take time, effort, and some capital. However, until you have traveled the journey yourself, either by yourself or with the help of a partner, it will only be something you have heard about secondhand.Ways to help your business:* Vision boards: Cheesy or not, they help when you see them multiple times per day.* Hang around other like-minded investors. Join one or multiple real estate investor clubs nearby. Perhaps start your own.If you’re willing to sacrifice for the next five years will be able to do amazing things. Keep in mind that you should be achieving profitable deals right out of the gate.As you watch and listen to Ian and Daniel’s podcast you will hear the sacrifices, they make to be accountable to themselves, each other, and their business.* SACRIFICE your TIME hanging out with friends IN ORDER to meet with park managers and other mobile home sellers to build your successful business.* SACRIFICE your EGO IN ORDER to be a beginner and begin to master something new.* SACRIFICE your ENERGY and personal time IN ORDER to guerrilla market your business and service to build your successful business.* SACRIFICE your FAMILY time IN ORDER to close with buyers or sellers and build your successful business.* SACRIFICE some PROFIT IN ORDER to keep the deal moving forward and make the seller happy.Everyone that you see who is successfully investing in multiple mobile home properties is making constant sacrifices. Keep in mind that the sacrifices are definitely a good thing… No pity is deserved here. If you are reading these words and are not yet a active mobile home investor, then you have more sacrificing to do. We all do.#2 Multiple purchase strategies to help most mobile home sellers.Having multiple strategies to help each mobile home seller is something we talk about on this website often.

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