031 More Mobile Home Investing Dos and Donts with John and Drew

031 More Mobile Home Investing Dos and Donts with John and Drew

Author: John Fedro March 28, 2024 Duration: 44:53

In today’s mobile home investing podcast episode #31 I’m super excited to share another active mobile home investor named Drew. Drew’s in the Midwest and in a short period of time has already flipped multiple mobile homes for profit. Drew is helping one park and one family at a time.

So far Drew has invested solely in mobile homes inside of pre-existing mobile home parks. Drew has goals to purchase more mobile homes with land this year.

In today’s 45-minute podcast we discuss Drew’s scariest deal while mobile home investing, and a deal that made him extra-happy while flipping mobile homes.

We encourage you to learn from our mistakes. Today’s podcast is packed with Pro Tips and actionable steps to implement into your business sooner rather than later.

A Very Special Thanks to Drew for being so candid on today’s podcast episode. Listen below to just hear how Drew’s confidence has changed so much since the beginning of the mobile home investing journey. Keep it up, Drew!

In this mobile home investing podcast episode below, John and Drew cover:

  • 1:25 Did you have any real estate experience before getting started with mobile homes?
  • 1:38 What is 1 thing you were fearful about when first getting started?
  • 2:38 Have all your mobile home deals been profitable?
  • 2:45 Sold for cash or payments?
  • 3:20 Is it easier to sell 3 bedrooms or 2 bedrooms for cash?
  • 3:40 Are you mainly buying from mobile home parks or owner occupants?
  • 4:00 Do you have good relationships with park managers?
  • 5:50 Do any park managers want to see the insides of your homes after you repair them?
  • 6:50 What was one of your scariest deals?
  • 18:15 Did you have backup handymen in case one failed?
  • 21:15 Was that scary mobile home deal very profitable?
  • 29:20 What is a happy mobile home deal you’ve had?
  • 39:20 Are all your payment-buyers on-time and happy with their purchases?
  • 41:40 Any advice for other mobile home investors?

John Fedro hosts the Mobile Home Investing Podcast, a resource built from real experience in the manufactured housing market. This isn't about abstract theory; it's a practical dialogue drawn directly from the trenches of a unique investment niche. Each episode focuses on a specific aspect of buying, selling, or managing mobile homes, breaking down strategies, pitfalls, and opportunities in straightforward language. You'll hear from John and his guests-practitioners who are actively building portfolios-as they share what actually works, and what doesn't, in their own businesses. The conversations are designed to be accessible, whether you're just curious about alternative real estate or you're looking to scale an existing operation. By tuning in, you gain access to a community-focused perspective on building wealth and personal freedom through this often-overlooked asset class. This podcast serves as a steady guide, emphasizing actionable education and the mindset shifts needed to succeed in entrepreneurial investing. It’s where the specifics of mobile home parks, resident-owned communities, and single-section home deals get the detailed, candid discussion they deserve.
Author: Language: en-us Episodes: 61

Mobile Home Investing Podcast
Podcast Episodes
020 Mobile Home Cash Flow in Maine with John and Mike [not-audio_url] [/not-audio_url]

Duration: 38:16
In today’s Mobile Home Investing Podcast episode #20 I’m extremely happy to welcome Michael and Steve to the co-hosting microphones. In this nearly hour-long video podcast, we discuss some of Michael and Steve’s 5 mobile…
018 Mobile Home Brokering and Wholesaling with John and Dan [not-audio_url] [/not-audio_url]

Duration: 45:57
In today’s Mobile Home Investing Podcast episode #18, we’re talking about brokering and wholesaling mobile homes and how this applies to you and your local business. Each mobile home “purchasing-technique” you possess is…
017 Mobile Home Investing the Wrong Way with John and Ryan [not-audio_url] [/not-audio_url]

Duration: 24:55
In today’s Mobile Home Investing Podcast episode #17, I’m very proud to welcome to the co-hosting microphone Mobile Home Formula member Ryan to discuss his 1st mobile home deal. Ryan is a newer mobile home investor that…
016 Who Is the Mobile Home Boss with John and Damarice [not-audio_url] [/not-audio_url]

Duration: 23:50
While you’re investing in real estate do you tell buyers and sellers you work by yourself, with partners, for a boss or a company? What are the advantages and disadvantages of portraying yourself as an individual investo…
014 Making Mistakes While Mobile Home Investing with John Fedro [not-audio_url] [/not-audio_url]

Duration: 19:49
In today’s Mobile Home Investing Podcast episode #14 we’re talking about mistakes, making them, avoiding them, and allowing them to empower you.If you’ve never made a mistake real estate investing it is likely you have n…
012 Mistakes When Selling Mobile Homes for Cash with John and Lana [not-audio_url] [/not-audio_url]

Duration: 25:54
In today’s Mobile Home Investing Podcast episode #12 we’re excited to welcome to the co-hosting microphone Lana from NYC. Lana is nearing her 10th manufactured home investment and holds most of her investments just outsi…
011 Location, Location, Location with John and Vince [not-audio_url] [/not-audio_url]

Duration: 19:26
In today’s Mobile Home Investing Podcast episode #11 I’m very proud to bring you a co-hosting newbie to our show. In the little time Vince has been an active Mobile Home Formula investor he has amassed quite a portfolio…