Tips buying multiple mobile homes from 1 park at once?

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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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In this video John discusses tips and steps when purchasing multiple mobile homes from a local or not-so-local mobile home park. Throughout this video lesson we also walk-through multiple manufactured homes and mobile homes we are considering purchasing any package or group deal.
For more free info mosey over to www.mobilehomeinvesting.net/
If any video links were referenced in today's video please find them below.
1. 3 levels of mhi in parks... • The 3 LEVELS of MOBILE...

Опубликовано:

4 июл 2024

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Комментарии : 31

@erikabennett9343 4 года назад

Wow, this was such an informative video. I am just starting my journey with 'mobile home' investment, and your explanation of different scenarios was exactly what need. Thanks a ton!!!

@richardweidner1625 4 года назад

thanks again for another great vid loaded with good info

@vivianlandrum8507 4 года назад

Great Content!

@adalbertopavon3343 5 месяцев назад

Thank you it was a great video very informable

@MobileHomeFormula 5 месяцев назад

Glad it was helpful!

@MinJulianMcClurkin 4 года назад

Have you ever thought of Airbnbing a mobile home? I have a few homes in Columbus Ohio and the park owner is open to the idea.

@MobileHomeFormula 4 года назад

Hi Julian McClurkin, Thank you for reaching out and connecting. I apologize about the delay in this comment reply. Have you pursued turning some of these mobile homes into an air B&B? I have stayed in an airstream air B&B, however it was not located inside of a park. Do you have a park location that is a particularly popular area or good view? I suppose if there is a good demand that is absolutely could be possible if the park management is all right with it. I do know of mobile home park owners that rent certain RVs out for the night or week or month. Thanks again for reaching out and connecting. Look forward to hearing back. All the best. Talk soon, John

@Mkundera 4 года назад

Hey, fantastic video and thank you for all of the information. I am excited about this but then I am hearing about the SAFE Act and Dodd Frank which some say makes these sorts of deals illegal or reguires one be licensed as a loan originator. Can you speak to this?

@MobileHomeFormula 4 года назад

Hi Mkundera, Thank you for reaching out and connecting. Additionally, thank you for the kind words. The seller financing restrictions you mention are a number of years old at this point. However things are definitely not like they were back in the early 2000. With regards to the Dodd Frank and safe act, please see the following webpage. www.mobilehomeinvesting.net/2014-safe-act-and-dodd-frank-for-mobile-home-investors/ I hope this helps and point you in the right direction moving forward. Keep in touch. If you have any follow-up questions or concerns never hesitate to reach out any time. Talk soon, John

@zanesutherland406 5 лет назад

Hi John, do you buy any homes that have aluminum wiring or do you just buy copper? I know I would stay away from them, but am curious on your thoughts. Also what do you think about homes with polybutylene plumbing. Have you found that to be a problem?

@mrjamiebowman 5 лет назад

I imagine one of the benefits of polybutylene plumbing is that crackheads won't be stealing your copper plumbing.

@chrisgoode3246 5 лет назад

I just got offered 3 mobile homes inside a park hes actually offering to give us three of them if we buy and fix one up .what do you think about that ?

@MobileHomeFormula 5 лет назад

Hi CHRIS GOODE, Thanks for reaching out and connecting. Great job being so proactive to get offered this opportunity. I certainly do not know what these homes look like, where they are located, or what the purchase price of the one home may be however some parks offer free homes that should be torn down or condemned. Just because something is free does not obviously make it a good deal. Sometimes you want to ask for a better price/terms than simply zero priced homes. With that said the homes could be beautiful and picking two of them up for zero dollars may be a steal. You asked a question about my thoughts, the answer is definitely "it depends". This is the answer for most things in real estate. Feel free to email me pictures or more specific questions about this opportunity if you have them. Keep up the good work. All the best. Talk soon, John

@florentinomartinez6526 5 лет назад

@rosemansell4142 Год назад

Do u sell them from or do they stay on the lot

@MobileHomeFormula Год назад

Thank you for reaching out and connecting. I would encourage you to reach out to most of the mobile home communities in and around your area. You are looking for park owned mobile homes that the mobile home park may be willing to sell. Or perhaps look for any tenant owned homes that are for sale as well. In another comment you mention about having around $10,000, this is definitely a good deal of money that can go a long ways. However do not rush to spend it. Take your time and make sure to find the right property that you like, in a good location and is a very good deal. Hope this helps and points you in the right direction. Keep in touch moving forward. All the best.

@SGCanineAdventures 6 лет назад

Im moving to live in phoenix AZ and wanted to buy a mobile home, im struggling to find anything. any ideas? Budget is very small… only $4-5…. can i actully get something for that money? ive tried ringing around and looking on the web but ome up short, craiglist has. few but im not really sure if its possible… am i doing something wrong?

@matthewmoore7817 4 года назад

The siren scared the crap outta me

@MobileHomeFormula 4 года назад

Bad boys. bad boys whatcha you gonna do..

@matthewmoore7817 4 года назад

That’s how it felt! I was listening to you like I do every day on my way to work and thought it was ticket time. 😅

@rosemansell4142 Год назад

I want something around 10 to 15. Thousand cash

@MobileHomeFormula Год назад

Hello Rose. Thanks for reaching out and connecting. I hope you found something within your price range. Absolutely make sure to check all of the local mobile home parks in your area. Make sure to track down the managers and find out if they have any homes within your price range. I hope that this helps and points you in the right direction. Any follow-up mobile home questions never hesitate to reach out anytime.

@e3ricksonmalambwe 2 года назад

I'm brand new on real estate I just wanna buy and put on rent

@MobileHomeFormula 2 года назад

Hi Eric. Thanks for watching and commenting. If you want to buy rent you will have to find a mobile home park that is willing to have you rent out the properties. Most would rather have you simply resell for cash or payments, however they typically do not like renters in their communities. Then again some mobile home parks only rent out the homes, in these situations there is nothing for us to purchase. If you purchase a mobile home on your own private property and you will be able to rent this out situations. However you will be into the home likely a good deal of money before you start renting it out. Feel free to keep in touch moving forward. You have any follow-up mobile home questions never hesitate to comment back.

@e3ricksonmalambwe 2 года назад

@@MobileHomeFormula thank you for your help

@gavinross4108 Год назад

I found a park that is for sale.....how to buy with no money

@MobileHomeFormula Год назад

Hi Gavin. Thank you for reaching out and connecting. Great job locating a mobile home park for sale. Ideally it is a fantastic opportunity. If it is a great opportunity, it may not be for sale any longer as you originally wrote this comment about 10 days ago. My apologies for the delay. The money to purchase the mobile home park will have to come from somewhere. Either you will get a partner on the home, borrow 100% of the money, arrange owner financing, or something else. Depending on the situation owner financing or partnering with someone much more experience may be the way to go. Someone else can do all of the work and pay for the park, you can receive a small percentage of the park yourself while you learn and do some of the work. Hope this helps and makes sense. Any follow-up questions please never hesitate to reach out anytime.

@gavinross4108 Год назад

@@MobileHomeFormula the mobile home park has been for sale for about a couple of years.

@kennkid9912 Год назад

Park owns the home,didnt fix it and wants you to buy it,fix it, while they get lot rent? Evidently they didnt care enuf to fix them until this point? The point is where they cant rent them anymore? Those are ancient trailers and should be scrapped?

@MobileHomeFormula Год назад

Hi Kenn Kid. Thanks for reaching out and connecting. You would definitely be surprised. Over 70% of mobile homes are attached to private land that the homeowner owns. In many areas around the country you can move on an older mobile home, even pre-HUD mobile home without many issues. If this can be connected to electric and water than the home can definitely be used for something. These older mobile homes are definitely getting new life again. Granted some of them definitely need to be destroyed, however some of them can absolutely be salvaged. Thanks again for commenting. Any follow-up feedback never hesitate to reach out anytime.

@kennkid9912 Год назад

@@MobileHomeFormula Not so in the Northeast. The lot is usually rented in a park.. Private lots are the same as a home lot.