Today I am going to cover the basics of how mobile home real estate investing works and the 5 key strategies I use in deals.
Click the video below to watch now.
I’m Chimene Van Gundy, bestselling author and Mobile Home Millionaire. Today we’re discussing the basics of mobile home real estate buying & selling. There are five key strategies I use for mobile home buying & selling.
1. Wholesaling them.
On a basic level, wholesaling involves finding a mobile home, negotiating a cheaper price for that home, and then selling it for a higher price to another person. In this method, no cash and no credit is exchanged.
2. Fixing and Flipping
This is perhaps the most familiar option for buying & selling, in which we find a mobile home that we want to rehab, fix and flip it, and then sell it either for cash or use as a rental.
Now I’m actually going to debunk a claim here and this is probably going to be very, very controversial, but I do not do rentals. In the mobile home space we always want to own or finance for better returns and less work. I personally don’t want to deal with what I summarize as the Four T’s: tenants, termites, toilets, and trash.
4. Owner Financing
This is most definitely my preferred medium. In this method, we just serve as the lien holder. They own the mobile home. If they don’t change that air conditioning filter and the AC goes out, we’re not paying for it.
5. Owning Mobile Home Parks
This is most definitely an incredible strategy for those already familiar with the mobile home industry.
If you love these videos, I want to invite you to my free Webinar:
After watching this video , click here to register for the upcoming webinar that I’m hosting about How To Buy & Sell Mobile Homes With Nothing Down… Whether Just Starting Out Or A Seasoned Expert!
You’ll also discover:
- Why Mobile Homes are little boxes that are easy to overlook… yet massively profitable!
How To Become A Real Estate Expert With NO Previous Real Estate Experience
I’ll Share Exactly How I Acquire 25-30 Mobile Homes Every Month with Nothing Out of Pocket