On this episode of the Millionaire Podcast we talk unconventional real estate investing with these mobile home investors (don't call them trailers) from Chicago. This couple did 14 mobile home transactions one year and took the leap of faith to get the ball rolling with a 22% loan and still made a substantial profit.

Hear how they purchased two homes for $4300 and sold them for $19,5000.

We usually have some dope conversation before and after so this episode has a little bit of the pre convo

Key Points From the Show:

Somebody is going to tell us yes

Be willing to offend with your offer

Submit offensive offers

Have an investor mindset.. they went and took a trip but realized they needed to focus on the business

Found second house for 3k and flipped it for 8500

They try to pay $3k per home with an all in at $5k

You can’t invest off of emotion

Finding deals off craigslist and letgo

Sometimes you can find handyman in the community

WE determine the value

We create the equity in this

Our terms create the value and the equity that we know we are going to receive in the home

Mobile Home Elite can be found here:

www.mobilehomeeliteinvestors.com

@mobilehomeeliteinvestors on Instagram and Facebook

Email: [email protected]

Youtube - MH Elite Investors

Books Mentioned

Rich Dad

No Excuses

Podcast Sponsors:

Ericka Williams: bit.ly/2Co0V6N @erickasclassyclimb

Twenty 47 Watches: twenty47watches.com @twenty47watches

Invest with Terri - @imaninvestor - www.investor101.org

Todd Capital: www.gumroad.com/toddcapital