Thanks for all your great content and transparency 💪🏾 Could you expound on the Brokering strategy? I’ve been attempting the wholesale strategy, but on the west coast many sellers want close to retail value. Of course I haven’t tried Mobile Home investing quite yet, but I’m always open to the idea 👍🏾
Hit James we appreciate you! Great question. In many places brokers are licensed and highly regulated and wholesalers are not. Brokers are paid a commission or fee for providing a service to their clients. This service is you as the broker arranging the deal so that you handle all of the work needed to serve your client and have them walk away with what they need in order to feel comfortable selling their home. Hope this makes sense
Trailer Cash Academy 👌🏾 it sounds like a broker gets a commission for finding a buyer who is willing to pay the seller what they want. I may be interested in this technique.. Thanks for the explanation
If a trailer park has abandoned mobile homes, do the park manager has the authority to sell or give away the mobile home to you or would someone have to find the rightful owner in order to sell it?
I am really into house hacking, but in my area I am having a hard time finding the right deals. I am doing more research to see what is in more of a demand. I have a lot of mobile home parks in my area. So I am interested to see how I get started.
I am super new to the REI conversation, so forgive me if these are dumb questions. First, do you need a license to do brokering deals? Or is brokering something different from what I'm thinking? Second, brokering and wholesaling sound alike. What's the difference?
Zakiyah Bradford there’s not dumb questions. Salute to you stepping up and asking! In many states depending on how the deal is structured you’ll need a license. You can structure the deal in a way that’ll prevent you from needing a license when first starting out and using the right paperwork. The main difference between a broker and a wholesaler is that the broker never is a principal of the transaction. As a wholesaler you take title to the property or note for a period of time and then you sell it to another buyer and receive a profit.
@@TrailerCashAcademy Got it! Thanks so much! I will be watching all of your videos on here, so I'm sure to have more questions. Thanks for what you're doing.
Hi Keoren, here's a good video to start - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-LSVkGBHcp7M.html. All videos are good so you can go to our channel and select other videos from there. When you're ready, please apply at the link below and get a chance to book a connection call with one of our team members. 😊 trailercash.co/apply
Whitneys VoiceBox great question. Brokers and wholesalers are not the same. In many places brokers are licensed and highly regulated and wholesalers are not. But the fundamental difference is that brokers have no financial stake in the transaction. Wholesalers have a principal interest in the property because they get the property under contract. Brokers are paid a commission or fee for providing a service to their clients . Hope this makes sense
Thanks how much does your courses cost ? You two are a beautiful couple. You actually look alike lol 😂 cute . I love how you work together. Your an inspiration
@@TrailerCashAcademy Thanks for asking. Honestly I got side tracked after calling so many trailer parks near me . None were selling. I started working towards other goals of mines and put this one on pause honestly unintentionally.
@@TrailerCashAcademy Where can I see the differences in the classes so that I may compare? You guys rock. I like your video with John Fedro when you guys first started out. I took some jewels from that interview as well.
@@TrailerCashAcademy I got scammed out of $25k and then $5k from a "company" in February. I'm still feeling that one and now Covid has me out of work too. What else can go wrong? ..lol. I'm definitely working through my Trust issues as well now. Thanks for being so transparent about that. I can't wait until I'm able to laugh about my situation.
In many states a license is required but most of the time when you’re just starting out there’s not a mobile home investing police watching your every move. Focus on serving your client and then when you’re ready to scale (3-5 deals per month) focus on establishing your LLC and getting your license.
BJ Sherrill it’s all about putting the client first and marrying a no money strategy with what will help your seller walk away happy. How are you finding motivated sellers right now?
4DNBLOVE Lyfe wishing you and your family strength during your healing time. When the time is right we’ll be here to serve you & help you get more than 1 wholesale deal completed!
