440: $10k a Month Investing in Mobile Homes

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 15 April 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Rachel cash-flows $10k a month from her portfolio of mobile homes.

When most people think of real estate investing, mobile homes probably don't come to mind. In fact, technically speaking, mobile homes are personal property--not real estate.

Still, this is a sub-niche in real estate that comes with the familiar cash-flowing opportunity of buying a building and renting it out for a profit.

Rachel Hernandez has been investing in mobile homes for over 10 years. She made her first mobile home purchase for $3,600, re-sold it for $10,000 on a leas-to-own contract, and hasn’t looked back since.

Rachel is the author of Adventures in Mobile Homes and she blogs and podcasts about her work at AdventuresInMobileHomes.com.

Tune in to hear:

why mobile homes make an attractive investment
how to find potential deals near you
how Rachel markets for tenants

Full Show Notes and Free Bonus: $10k a Month Investing in Mobile Homes

Transcript

Click on a timestamp to play from that location

0:00.0	What's up? What's up, Nick?
0:01.6	Looper here. Welcome to the side hustle show because you're already an entrepreneur.
0:05.8	It's just that your day job might be your biggest client right now.
0:09.2	Hat tip to Julian Gordon for that one.
0:11.6	This week we're diving into a subnitch of the real estate investing world with a long time listener of the show
0:17.9	who is cash flowing 10 grand a month from her portfolio of mobile homes.
0:23.6	Rachel Hernandez is the author of Adventures in Mobile Homes and she blogs and podcasts about her work
0:29.6	at adventures in mobile homes dot com stick around in this one to learn why these might make an attractive investment
0:36.0	namely the cost less than traditional houses but still have strong cash flow.
0:40.2	We're going to cover how to find potential deals near you and how Rachel markets for tenants as well.
0:46.1	Notes and links are at side hustle nation dot com slash mobile homes and while you're there
0:51.0	make sure to download my free bonus.
0:52.9	It's a list of 25 other column unconventional things that you can run out for a profit.
0:58.1	Again, that's at side hustle nation dot com slash mobile homes or through the link in the episode description of your podcast player app.
1:06.1	Big thanks to gusto for sponsoring this episode gusto is the easy online payroll and benefits service built for modern small businesses like yours.
1:15.0	That means your federal and state payroll taxes are automatically filed deductions are calculated and your team gets paid.
1:21.7	You can even offer health insurance and 401k's and help from certified HR experts is just a phone call or email away.
1:28.7	Side hustle show listeners can get three months free at gusto dot com slash side hustle give it a try that's gusto g us t o dot com slash side hustle for modern payroll benefits in HR.
1:42.0	I'll be back after this chat with Rachel ready. Let's do it.
1:45.9	It's definitely a niche. I will tell you there's not much competition.
1:53.7	Your competition are basically homeowners or people are actually living in these communities and they decide to, you know, hey,
2:03.1	I can just buy one and rent it out or buy one, fix it up and resell it to someone else and sometimes the park managers does their own deals.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Nick Loper, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nick Loper and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.