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Mobile Home Investing DEAL BREAKERS???

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John Fedro's channel is a FREE mobile home investing crash-course for anyone looking to become a mobile home investing pro. Learn more secrets, tricks, and behind-the-scenes lessons while flipping, wholesaling, and cash-flowing mobile homes in parks (also, on private land)!
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Do you want access to John Fedro, mobile home investing step-by-step detailed instructions, lessons, recorded phone calls to buyers, sellers, and park manager? How about contracts, scripts, checklists, cheat-sheets, deal analysis software for mobile homes you find? Hard work is required!! Find out more if this is right fit for you at the link below.
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#mobilehomeinvesting #johnfedro #mobilehomeformula
In today's video we are touring a local mobile home for sale & discussing mobile home investing deal breakers you may experience in your mobile home investing business. Some of these mobile home investing issues are bigger concerns than others.
What are your mobile home investing deal breakers? Where do you draw the line? Do you still make an offer? Do you pass, buy, or do something else?
For more free info mosey over to www.mobilehome...
After watching the video above... Comment below with your top MH deal breakers and why? All comment & questions are always welcome.
Partner with John here www.mobilehome...
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Below are the 3 video links mentioned in today's video.
1. Mobile home inspections article & video: www.mobilehome...
2. Mobile home AC and furnaces article:
www.mobilehome...
3. Mobile home skirting article & video: www.mobilehome...

Опубликовано:

29 авг 2024

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Комментарии : 71

@MyUltimateStuff 5 лет назад

* Carry good flashlight and a gooseneck light n mirror for underneath the unit. * Gloves! *Moisture meter ($30.) Handy to have * safety eyewear, and for me - a good dust mask 😊 Hint: try stuffing a smelly fridge (or even an igloo - clean it well first!) with the non-slick B&Wclassified newspaper.. Change it out every 2,3 days until the smell stops. I've salvaged many fridges, freezers and coolers like that.

@amandacroll1736 4 года назад

Appreciate the hint

@MobileHomeFormula 4 года назад

Thanks for reaching out Donna! Great tips. I will have to try the trick with the smelly fridge. Moisture meters can be helpful however I have found them more useful when tracking down the source of a leak, not so much to determine if the wall has moisture. In most mobile homes you can assume that the walls do have moisture. With that said thanks again for the hints and tips. These are very helpful. Keep in touch moving forward. You are always welcome to comment back anytime. Thanks again.

@wellsnapyeah 5 лет назад

Wow John, that was a super informative video. I learned a lot of golden nuggets.

@MobileHomeFormula 4 года назад

Thanks Joey! Thanks for watching and commenting. Seriously great work with everything you have accomplished. Keep up the great work and look forward to talking with you soon.

@nightterror007 5 лет назад

So I'm looking into real estate investing and I've been watching podcasts probably now for a year. This is one of the First videos I've noticed that has mobile homes specifically the focus. I just learned more about mobile homes and what to look for then I would have ever thought about while investing. I would have spent a ton of money on inspections for houses that would have had major issues! Thank you so much for this information!

@MobileHomeFormula 4 года назад

Thank you so much for reaching out and connecting. I apologies about the delay in this comment reply. I hope that your mobile home investing business has been moving forward steadily since you made this comment 11 months ago. Moving forward never hesitate to reach out anytime. Feel free to email me directly at support@mobilehomeinvesting.net for a quicker reply. Stay in touch. All the best.

@mrgoodtime87 5 лет назад

I hope I didn't miss you saying this, but what would a mobile home in this condition sell for? (To an investor...not remodeled) Thanks John...you're a true wizard.

@valhinkle6500 5 лет назад

You are a GREAT teacher!!! Love the visuals! Thanks so much!!!

@jupin1960 4 года назад

Hi John. Another great video! I will be looking at my first mobile home opportunity tomorrow! Nice small park with a few vacant homes. I wanted to share a trick I learned being a professional handyman at one time. Those access holes to the shower faucet can be covered with a wall vent. It never gets much attention, people never question why it is there and next time the shower faucet needs repair you remove 4 screws and there it is. Just wanted to give back a little to the guy that taught me everything I know about mobile home investing. I’m going to give it a shot so wish me success and thank you for the inspiration!

@jupin1960 2 года назад

@@steffie6510 The vent goes on the back side of the faucet. It may end up in another room depending on the location. It should never be near any water. It is always located on the backside of the faucet.

@jupin1960 2 года назад

@@steffie6510 Unfortunately I did not. I had a previous business and lost everything. I went to 3 parks and had deals worked out but they shut me down because of my credit. Instead I built a trailer for pressure washing. Much better deal and now 3 years later I have steady customers and no hassles. Everything works together for good. BTW the places I negotiated on are still vacant and untouched.

@andrewgonzalez4230 Год назад

This has made me realize how good of a condition my 96 is in.

@MobileHomeFormula Год назад

I like it. :) Glad to have helped.

@John-nk5cb 5 лет назад

John I prefer to lightly bounce on the floor jumping can be life threatening lol. Great content as always

@evafranco7888 Год назад

Thnx John, I'm watching your interesting videos

@MobileHomeFormula Год назад

Thanks for watching!

@amandacroll1736 4 года назад

I really enjoy ALL of your videos. I appreciate the time you put into them and sharing your knowledge with others is so important for newbies like myself

@MobileHomeFormula 4 года назад

Hi Amanda! Thank you so much for reaching out and connecting. My apologies about the delay in this comment reply. Moving forward never hesitate to reach out to me anytime. Here or directly. All the best. Talk soon, John

@robbyfre981 5 лет назад

Very good format for..1st timers

@robbyfre981 5 лет назад

P.s..iam in the middle of a reno,o.m.g!!

@jennyhoppe4906 3 года назад

Hi, Congrats on this presentation. Excellent video-

@MobileHomeFormula 3 года назад

Thanks for commenting. Moving forward if you ever have any mobile home related questions never hesitate to reach out any time. All the best. Talk soon, John

@allenduncan8046 4 года назад

hello yes it did answer a few questions but the biggest question of all isparticularly how much is it usually to move a mobile home I know distance and location has a lot to play in that part but I would like to know the average price of moving a mobile home from one place to another and how much would it cost basically general for the paperwork to have it switched over in all that good fun stuff

@garywilliams7958 4 года назад

Thank you so much John ,great video

@gamrboy100 4 года назад

John - thanks for so much great content!

@tc1890 5 лет назад

Thank you

@arikarenee6842 4 года назад

Buying my first thanks for all ur info

@MobileHomeFormula 4 года назад

Congratulations! That is fantastic. I hope this works better than expected for you. Keep in touch moving forward. When you have any follow-up questions about mobile homes never hesitate to reach out anytime. Talk soon, John

@morrisrdfarms9233 5 лет назад

Thanks John!!!

@nunukatoney8509 2 года назад

Your video was very helpful thank you

@MobileHomeFormula 2 года назад

Very glad it was helpful! Moving forward if you have any follow-up mobile home related questions never hesitate to reach out any time.

@governmentphone7933 2 года назад

I would replace all of that osb I don't like that stuff

@MobileHomeFormula 2 года назад

Thanks for commenting and watching. My philosophy is typically, if it ain't broke don't fix it. However you are definitely right that that OSB won't take long to fail in one way or another. Thanks again for commenting. Feel free to keep in touch. All the best.

@zanesutherland406 5 лет назад

Great video. For this home, what are reasons why the vapor barrier would be popped /ripped open?

@MobileHomeFormula 5 лет назад

Hi zane sutherland, Thanks for reaching out. Because the vapor barrier was cut in this exact location it is likely due to the fact that this soft spot in the floor must of been like this for a little while. Someone else inspected the property and did a terrible job to rip the vapor barrier open without any consideration for putting it back and sealing things uptight. With that said, I would let my handyman repair this after he fixes the soft spot. Hope this helps and answers your question. If you have any follow-up questions never hesitate to reach out any time. Talk soon, John

@shanda01114 5 лет назад

At what year would you suggest not to go below when purchasing mobile homes?

@MobileHomeFormula 5 лет назад

Hi Shanda Smith, Thanks for reaching out and connecting. You certainly do not have to go under the mobile home prior to purchasing it, however definitely to have a powerful flashlight and look underneath the home to see what is there or not there. Sometimes you can spot leaks, animals, junk, and smell things like human feces or animals that may clue you in to other problems. Some mobile homes will not have much clearance underneath them so it will be near impossible to get underneath even if you wanted to. If a repair happens underneath the home and there is too little room to go underneath, the floor has to be cut up from inside so that the pipes can be fixed from above. With all of that said, to answer your question it is not about the age of the home but rather how thorough you would like to be. Again, you do not have to go underneath the home but definitely pull up some skirting and make sure you take a look around. I hope this helps and starts to point you in the right direction. If you have any follow-up questions never hesitate to reach out any time. Talk soon, John

@MyUltimateStuff 5 лет назад

Shsnda- you're talking about the age of the home? I've watched a number of his videos and he's mentioned the age isn't a big deal...many older ones are in better shape because of what he calls "oride of ownership" . MH older than 1978? (I think) have flat roofs.... There's a wealth of info on his website and he has a mentoring program you can buy if your truly serious... Good luck!

@steviefirst 5 лет назад

Cool video john. Im totally new to this . I may have an opportunity in an area that may get hit by tornado. In a park is there insurance policy to restore the mobile home if it gets damaged or destroyed?

@MobileHomeFormula 5 лет назад

Hi RUBYXREIGNS, Thanks for reaching out and connecting. Yes, there absolutely is insurance for most mobile homes when it comes to tornado coverage. You may have to pay extra for this, as it may not be included on a regular policy, however in my experience you should be able to get this coverage for sure. The only time you may not get coverage is if there is an active tornado warning in the area or serious storm coming in. I hope this helps and starts to point you in the right direction. If you have any follow-up questions never hesitate to reach out any time. All the best. Talk soon, John

@katherinev.miller1318 3 года назад

im trying to learn because i want a mobile home to live in

@MobileHomeFormula 3 года назад

Hi Katherine. Thank you for reaching out and connecting. Moving forward you will absolutely have more mobile home related questions and concerns. Never hesitate to reach out any time. Happy to help if possible. All the best.

@evafranco7888 Год назад

I wonder what areas have those prices that some times your students invest?

@MobileHomeFormula Год назад

Hi Eva! We are investing in all 50 states, excluding Hawaii. If you're willing to drive, be outside your comfort zone on a regular basis, and talk to hundreds of people in this business is possible in every state. Moving forward if you have any specific mobile home related questions never hesitate to reach out anytime. All the best.

@jasoncusack6212 5 лет назад

I'm looking for advise for my first deal. I looked at a 2 bed 1 bath earlier today that the seller is asking 7,500 for. They started the renovation and purchased all of the materials needed to finish it which comes with the sale. Would you recommend pursuing this deal or look for something that may have better margins?

@MobileHomeFormula 5 лет назад

Hi Jason Cusack, Great job going to this appointment and being willing to help this seller. Based on your comment I am unsure if this person is an investor or simply a regular individual that got in over their head. Some people will purchase a mobile home from a park that needs many repairs, only to make some of the repairs and realized that they are not capable of finishing the rest due to lack of budget or inexperience. With that said, if you do like the area and like the home and the manager, I would encourage you to make an offer on the mobile home. It is better to make an offer then simply walk away in my opinion. At least let the seller know how you can help via price and terms etc. Follow up accordingly and move from there. With that said definitely continue forward and continue making offers to other sellers and with other homes as well. I hope this helps and starts to point you in the right direction moving forward. If you have any follow-up questions never hesitate to reach out any time. All the best. Talk soon, John

@jasoncusack6212 5 лет назад

Thank you John, it sounds like she bought it and quickly got over her head. I will make an offer and see where it goes.

@deborahbaca1345 5 лет назад

@@jasoncusack6212 Curious how it went. And if you bought it. :)

@MyUltimateStuff 5 лет назад

@@jasoncusack6212 hey Jason, did you make that deal?

@jasoncusack6212 5 лет назад

I ended up not purchasing that trailer. I ended up needing to spend more on another investment than I planned so I didnt have the cash for the trailer.

@mscarolita76 3 года назад

Is pex better in your opinion then that cpvc? Thank you!

@MobileHomeFormula 3 года назад

Hi SilverMoon76. Thank you for reaching out and connecting. For getting into flexible spots and needing less experience to install, I do prefer pex over cpvc. However I will only upgrade if I am replacing out of necessity. I will not upgrade in most cases unless things are broke. There are certainly pros and cons to using both of these however I hope that this helps a bit. Moving forward if you have any follow-up questions or additional mobile home questions never hesitate to reach out anytime. All the best. Keep in touch.

@Jakegavic 4 года назад

What does a salvaged mobile home look like. Beyond repair, even if it free

@MobileHomeFormula 4 года назад

Hi Jake gavic, Thanks for reaching out and connecting. The answer to this question is definitely "it depends". It may not be one issue that is a dealbreaker, but rather many one on top of the other. If you have any questions about specific mobile homes you are looking at you free to email me directly at support@mobilehomeinvesting.net. All the best. Keep in touch. Talk soon, John

@chrismog286 4 года назад

So do we need to pay an inspector to inspect a property before getting it under contract for wholesaling???

@MobileHomeFormula 4 года назад

Hey Chris. Thanks for reaching out and commenting. No, however you do want to have a basic understanding of repairs. A checklist would be good when walking to the home. Keep in touch moving forward.

@mildredwebster2822 2 года назад

So why are the closet doors generally missing.

@MobileHomeFormula 2 года назад

Hi Mildred. Thank you for reaching out and connecting. I am sure that you and I can both speculate on a few reasons. They are definitely made of a flimsy material and likely get damaged and removed. Perhaps folks cannot or do not want to spend the money to purchase new doors so they simply leave them off. In addition to the closet doors missing, many bedroom doors will be missing as well. These are cheap and flimsy and surprisingly not that easy to find locally in many areas as these are not typical single-family house -sized doors. Not a very specific answer however hope this helps some. Keep in touch moving forward. If you ever have any follow-up mobile home questions never hesitate to reach out any time.

@mildredwebster2822 2 года назад

@@MobileHomeFormula love your channel. Thankyou for answering. I looked at a 1964 double-wide in a mobilehome home park I used to live in as a young girl. They wanted $30,000. They stated out 20 and 1 wk later 30. I called my insurance and they said they wouldn't cover that old. You have given me alot of insight on what wk needs to be done and what questions to ask and what to look for. I couldn't believe what I have learned so far

@allenduncan8046 4 года назад

so what if the mobile home is free would that be an issue than

@MobileHomeFormula 4 года назад

Hi Allen Duncan, Thanks for reaching out and connecting. That is a very good question. Remember that just because you're getting a home for "free" does not mean that you will not put any money into the home moving forward. If a home is listed as free than that is because it needs a great deal of rehab and repairs moving forward. When a home is for free, or when it is for any price, you want to keep both eyes wide open and know exactly what you're purchasing before making any offers on the property. I hope this helps and make sense. If this does not answer question feel free to comment back anytime. Keep in touch. All the best. Talk soon, John

@lyfekimona551 3 года назад

Hi there what are some way I would be able to find or purchase mobile homes, also what website?

@MobileHomeFormula 3 года назад

Thanks for reaching out and connecting. Your question about finding and purchasing mobile homes are two questions we could talk about for hours. I would encourage you to look online and off-line everywhere to find mobile homes for sale. We also want to be well known by parks and owner occupants when they need to sell. With regards to purchasing a home this may be done a handful of different ways, whether you actually buy the home or not. This is definitely a very vague answer however I hope it helps and make some sense. Moving forward when you have any follow-up questions never hesitate to reach out any time. All the best.

@lyfekimona551 3 года назад

@@MobileHomeFormula thank you for your prompt response. I'm reading and learning also trying to understand the mobile home industry. I know I'm overthinking too much before I make the first move, this at time gets frustrating. Also trying to create the funds to make the first purchase. Thanks again

@alllovehere1107 4 года назад

Cubs fan I see:)?

@MobileHomeFormula 4 года назад

Only when they're winning!

@mrhombregordo9556 2 года назад

We believe it's mouse poop u didnt have to touch it😄

@MobileHomeFormula 2 года назад

Lol! Thanks for following along and commenting. This one definitely made me laugh. You know over the years I am sad and happy to say that I've seen and touched some things that I never thought that I would. This mobile home investing business definitely has a way of giving you a crash course in people, how people live, how people treat others, and also the items and animals they leave behind. With all that said, that still doesn't explain about touching the poop. I suppose there is no good reason for that. Thanks again for commenting. Moving forward if you have any mobile home related questions never hesitate to reach out any time.

@mrhombregordo9556 2 года назад

@@MobileHomeFormula thanx alot bro we Love what you do for us💯❤👑💪🏿