In today’s video we are super proud to welcome Shaun and Pamm to the Mobile Home Investing Lessons Podcast. It is hard to believe we are already on mobile home podcast episode #51. Today we have an exciting episode ranging from starting challenges, shady sellers, working full-time, handyman advice, being married, and how to build great relationships with mobile home park managers.
A huge Thank You to Pamm and Shaun for joining me on today’s Mobile Home Investing podcast. In the podcast episode below this married investing power couple provided a huge amount of mobile home investing value simply to help other mobile home investors. This giving nature definitely shows in their mobile home investing as well.
Shaun and Pamm’s motto, “Under promise and over deliver.”
Pamm and Shaun go from beginner to success with mobile homes. (How they did it?)
- 0:00 Welcome Shaun and Pamm
- 4:00 What are your day jobs?
- 8:45 When did your business change?
- 14:30 Selling for cash VS. monthly payments?
- 16:00 Handyman special VS. Bigger repair project homes?
- 18:20 Any bad deals?
- 20:00 Working with mobile home handymen?
- 24:00 Dealing with confrontation?
- 28:20 Why do parks work with investors?
- 31:15 Handyman Dos and Don’ts?
- 36:30 What is your 5-year plan?
- 40:00 What’s been your highest profit deal?
- 44:00 Why mobile homes?
- 52:00 Sourcing discount flooring?
- 53:00 Overcoming troubles?
- 59:00 What ways have you improved yourselves?
- 1:04:40 Advice for other mobile home investors?
Quality In & Quality Out
Shaun and Pamm talk about the pursuit of their first deal before they were official mobile home investors. They describe occasions where they are able to invest in used mobile homes without making any repairs at all. Some homes can quickly be flipped for a healthy profit with no rehab needed. However, some homes absolutely do need repairs completed, cosmetic and more structural.
Shaun and Pamm have always fixed homes a bit more than the average mobile home investor. Shaun and Pamm standout and shine in their local market compared to other mobile home investors.
- ✔️ Where other mobile home investors fail to communicate with the local park management, Shaun and Pamm keep in great communication with park managers.
- ✔️ Where other mobile home investors do not follow up regularly, Shaun and Pamm continuously follow up with mobile home sellers.
- ✔️ Where most mobile home investors fail to fix mobile homes before they resell them, Shaun and Pamm seem to always fix what is broken. This way they many deliver a high-quality product to a well-paying cash buyer.
Tip: Like it was mentioned in today’s podcast, humbly brag to the manager when you do make repairs to the inside of the mobile home. Show off what you did.
Compromise & Vision
Pamm and Shaun really open up about difficulties they had while first investing in mobile homes and growing their flipping business. Both of these investors love each other very much, yet growing a successful business like this together is brand new for them. This married couple now has been figuring out how to work together peacefully and productively on the fly.
Towards the end of this podcast Shaun and Pamm talk about the secrets that have helped them grow closer in marriage while building a successful mobile home investing business together.
In conclusion, mobile home deals rarely fall into our lap as newer mobile home investors without hard work and daily effort. After you’ve built up a noticeable reputation for yourself and made hundreds of purchase offers, opportunities have a way of finding you more and more. In the beginning of your mobile home investing career the majority of your time and effort should go towards building your reputation, networking, and specific daily and weekly advertising.
Mobile home investing should not be thrilling, but rather a predictable and safe business. If you are taking action regularly then you should absolutely have questions about mobile home investing almost daily.
Moving forward when you have any mobile home related questions never hesitate to comment or reach out to the email below.
Love what you do daily,
John Fedro
Support@mobilehomeinvesting.net
