As seasoned real estate investors we can typically grasp if a local real estate opportunity is a “good deal”. However during the course of your due diligence and pre-closing process you, the investor, can possibly sabotage yourself and your investing business without the slightest idea of doing so. Below is a short list of verbal and situational clues to keep aware of while investing logically.
Author John Fedro
The modern manufactured home is a mansion and technological wonder compared to generations past. Safer construction, wireless capabilities, and an eco-friendly footprint are only a few of the improvements manufactured homes are making. Today’s manufactured homes are certainly not your grandfather’s mobile homes. Below is a brief outline of how today’s manufactured homes came to be…
Why would any rational real estate investor waste his or her resources buying and selling used mobile homes? Below we take a look at even more areas to be concerned with while investing in used mobile homes inside pre-existing mobile home parks.
The present-moment is a very powerful thing. You are confident and committed that this year will be different; this is the year your specific goals will be reached and you will personally be helping many local buyers and sellers in and around your area. While all these things can, and very well should happen, it is important to remember that your real estate investing business is a journey with twists and turns, both expected and unexpected. Below are a few examples of temporary things while real estate investing.
Below is a list of the few properties that have nearly tricked me into purchasing them under false pretenses and potentially leading to a great deal of stress and lost money. Learn from these examples and aim to perform all due diligence accurately and in a timely manner.
While these homes can absolutely be a tremendous value and profit, there is of course proper due diligence always be done before pulling the trigger on any deal. Below are a few things to consider before purchasing or investing in any vacant mobile home inside a pre-existing park or attached to its own private land.
Let us now take a perfectly logical and rational approach as to why many mobile home parks wish to work with and experience symbiotic relationships with quality local mobile home investors. Please see the short list below of some of the common reasons mobile home park owners and managers love and hate working with local investors.
Choosing to knowingly overpay for any investment property may seem quite counterintuitive on the surface. Luckily for us real estate investors there is more value to be created than simply immediate financial gains. The motives of experienced real estate investors are typically to help others, grow their portfolios, and make smart business decisions. Then why would any investor pay over retail-price for a property? Below is a short list of some of the good/bad reasons you may overpay while investing in real estate.
Dear universe, Thanks for nothing. All the goals and milestones I’ve achieved in this past year are a direct result of my own hard work and daily effort, and no one else’s. Don’t think I haven’t noticed you trying to slow down my success by placing challenges along my easy real estate investing journey. This is my letter telling you I’m not tolerating this abuse one moment more.
There are benefits that go beyond simple cash-profits and/or equity gains while investing. Real estate investing teaches patience, focus, business mindedness, all while ideally greatly increasing your emotional intelligence and people skills. However before you can become the “Dali Lama of real estate investing” you will likely have your patience, frustration, and anger tested time and time again by colleagues, partners, and the public at large. Below is a short list of some of the top things that will likely infuriate you as a real estate investor.
During this short article we will be discussing the advantages, disadvantages, and interesting facts concerning electronic mobile home liens and titles. The Electronic Lien and Title Program is a method by which your State’s Department of Revenue, Manufactured Housing Department, Division of Motor Vehicles and lending institutions (lienholders) can exchange vehicle and title information electronically.
Once a single person begins to focus thier energy on their “one thing” the results begin to compound upon themselves. Much like pushing over dominoes; a falling domino can topple over a domino 150% its own mass. In the same way your focusing on the “one thing” begins a journey that starts with making contact with a stranger and ends with a happy buyer and seller.
In this article, we will discuss the importance of understanding your local mobile home market, local buyers, and local sellers. By the end of the short list below you should have a much better understanding of your plan and mindset moving forward into the fall and winter months while investing in mobile homes and manufactured homes inside parks in the US.