Ep #85: How to Create Massive Cash Flow by Investing in both single Mobile Homes and Mobile Home Parks – John Fedro
August 31, 2015
I wanted to bring John onto the show because as you are probably already aware if you’re a regular listener to the show is that my asset of choice are mobile home parks. And if you know anything about the mobile home park business, then you know that a big component of increasing the value of your park is by purchasing used mobile homes and placing them on any vacant pads within your park and then either renting them out or selling them on terms to an end user.
Well, guess what John is an expert at? He has made a living by finding great deals on used mobile homes which he then rents or sells to create passive income. What you’ll learn in today’s show can be applied to both investing in individual mobile homes or investing in entire mobile home parks.
Here’s What You’ll Learn
- How he accidentally stumbled into mobile home investing.
- How he finds massively discounted mobile homes for sale, in fact, the average price he pays is $6,000
- How he was able to go from a 100% buyer default rate when selling on terms and was able to get that down to less than a 5% default rate.
- How he is able to net a minimum of $300 per month of cash flow on a single mobile home and can usually recoup 100% of his original investment in 6 months or less.
- How you can become a huge asset to a mobile home park owner by buying homes and moving them into their park or purchasing existing homes within the park.
- Why it took him so long to transition over to investing in Mobile Homes to entire Mobile Home Parks and why he wishes he would have made the switch sooner.
- How he creatively bought into a partnership in an existing mobile home park and is now in the turnaround process and is already eyeing up his second park
- And much more
- John Fedro- Company Website
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule a free 30 minute “no obligation” 30 minute call directly with me by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk https://www.timetrade.com/book/FGF7S
- Learn more about today’s guest by visiting www.MobileHomeInvesting.com