024 Mobile Home Handymen with John and Frank

In today’s Mobile Home Investing Podcast episode #24, I’m proud to welcome active mobile home investor Frank to the co-hosting microphone. Frank is a young investor with a bright future in real estate. Frank has been investing in mobiles for only a few months and already secured his first few investments mobile homes. He is focusing on creating cash-flow with his mobile homes rather than selling for all-cash at a discount.In Frank’s local area he went from virtually being an unknown investor to now helping a small handful of community managers. Without Frank’s daily effort and action to push outside of his comfort-zone in order to help others and grow his local portfolio of properties he would still be virtually unknown when it comes to his local mobile home market. For this reason, the credit for Frank’s success goes to Frank, and to every other investor that makes a success for themselves. Keep up the daily effort.In the 41-minute podcast and separate 15-minute video below we discuss some of the attractive points and gross details of Frank’s 1st mobile home transaction inside a park. We also discuss a great hidden source of quality and trustworthy mobile home handy people.In the audio mobile home investing podcast episode below (at the bottom) John and Frank cover: * 1:51 What do you do outside of mobile home investing?* 2:52 Why mobile homes?* 5:30 Becoming a licensed Realtor and advice.* 7:48 $11,000 real estate training?* 10:09 Can you discuss how you found your 1st deal inside a park?* 11:38 What price did you pay for the home?* 15:23 What repairs were made to this first mobile home?* 18:23 Listening to advice from handyman/contractor without mobile home experience?* 18:53 Did this first handyman turn out well?* 19:13 What specific lessons did you learn with this handyman?* 22:31 Repair costs? Over-repair costs?* 25:28 Sold price/terms?* 20:46 What happened soon after closing?* 26:27 How did these first buyers react to this situation?* 29:32 Selling to buyers #2* 29:51 Adding value to people’s lives for a win-win business.* 31:21 Leaky roof – who repaired this?* 33:49 Speaking with your buyers/renters about extra work they could use if they are mobile some handy.* 34:48 Tips while working with your buyers as handymen & handywomen.* 36:24 Protecting yourself* 37:38 What advice would you give your younger self?Something that has always impressed me about Frank is that he rarely makes excuses. This is an amazing quality to have. It allows for almost immediate corrected action towards a future goal.Mobile home investing is a crash-course in people skills. Be willing to change and grow.In the video above Frank is awesome enough to allow us to point out a vulnerability many of us have as human beings and mobile home investors. As real estate investors most of us do not want to appear foolish to others more experienced than ourselves. As a newer real estate investor or mobile home investor you will naturally have an almost unending number of questions, clarifications, and concerns. This is a good thing and to be expected if taking daily action and looking at mobile homes/seller regularly.* DO care about losing money and losing time.* DO care about how you treat and follow-up with others.