All Forum Posts by: Rachel H.

@Michael J. As in any area of real estate investing, it's best to pick a niche and learn it. From there, it's just a matter of learning the market and picking an exit strategy that works for you. 

In the beginning, I started out as a bird dog and then wholesaler finding deals for other investors in the single-family home space. Once I built up enough cash, then I became a buy and hold landlord of single-family homes. 

From there, I sold my entire portfolio of single-family homes and got into mobile home investing. I started out buying and holding and have expanded to wholesaling mobile homes. 

When it comes down to it, it's just a matter of finding something that works for you and sticking with it. With each deal you do, you get experience and knowledge which takes time. 

Hope that helps! 

@Madison Clark Many investors in the business use Rent Manager for their management program. Hope that helps! 

@Damian Johnson Usually, the transition to full-time investing comes when there is too much business and less time to focus on the day job. For some, it's a goal. 

Though, for others - part-time investing works for them. 

When it comes down to it, it's best to have balance in everything that we do. Both in our business lives as well as personal. 

Hope that helps! 

@Austin Ralls If you're going to go this route, it's usually a safer bet to do it around land parcels that around have mobile homes on them versus those that do not. 

It may be a good idea to drive the areas you're interested in buying to see if you can locate any parcels of land around areas with mobile homes already on them. 

Hope that helps! 

@Nathan R. In my experience, usually mobile home dealerships sell new homes and work with lending companies to provide financing. Usually, I don't really see mobile home dealerships offering seller financing for their homes.

Regarding the used homes, most mobile home dealerships I talk with are only concerned with selling new homes. For the used homes, I ask them to refer them to me if sellers are looking to sell their older, used homes. 

Hope that helps! 

@Rojelio Raymond Ayala Great to hear about your deal! 

Yes, I do hear this all the time about how deals fall through with clients and agents purchasing them. Interesting to hear about how you put the deal together and the type of financing you received on it. 

Thanks for sharing! 

@Matthew Gentile It will depend on the area for sure. 

In most major cities, it's pretty challenging to work with these types of homes from a zoning standpoint. Many do not allow it due to the city wanting to focus more on higher-priced real estate asset classes such as single-family homes, apartment buildings, etc. Though, it's worth looking into. 

Also, you may want to check outside the city which may give you more options. Usually, if you're dealing with the county (outside major cities) it's easier from a zoning perspective. 

Hope that helps! 

@Ana White Great to hear about your deal, congrats!

Interesting how you made this deal because you bought a new mobile home. I work with mobile home dealerships and many of their customers end upgrading to new homes while selling their used homes. There are generations of families who have bought, lived and sold mobile homes for sure. 

Thanks for sharing! 

@Ian Radcliffe Regarding your question, I think it depends on the individual. Yes, the information is out there. It's just a matter of finding it and putting it all together. 

What a course does is put everything together sharing the stories and experiences of someone who has done it. Personally, I've bought plenty of real estate courses in the past. Some have been great while others not so good. 

Though, I'd say - there were some things I learned in these courses that saved me both time and money. I don't think there's a perfect course out there with all of the information you need. Though, it's a start. 

As long as you do your own due diligence on the course and the instructor teaching it, it may be worthwhile if you don't have the time to go out and find all of the information yourself. Also, you have the person teaching it as a resource should you need additional help in the future (depending on the course). 

If you're interested, feel free to DM and I can send you some land flipping resources for beginners. 

Hope that helps! 

@Paul Meyer Great to hear, congrats!