Ep #85: How to Create Massive Cash Flow by Investing in both single Mobile Homes and Mobile Home Parks – John Fedro

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 31 August 2015

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week we're going to speaking with long time mobile home investor , John Fedro.

I wanted to bring John onto the show because as you are probably already aware (if you’re a regular listener to the show) is that my asset of choice are mobile home parks. And if you know anything about the mobile home park business, then you know that a big component of increasing the value of your park is by purchasing used mobile homes and placing them on any vacant pads within your park and then either renting them out or selling them on terms to an end user.

Well, guess what John is an expert at? He has made a living by finding great deals on used mobile homes which he then rents or sells to create passive income. What you’ll learn in today’s show can be applied to both investing in individual mobile homes or investing in entire mobile home parks.

Here’s a few things you’ll learn in our interview with John today:

How he accidentally stumbled into mobile home investing.
How he finds massively discounted mobile homes for sale, in fact, the average price he pays is $6,000
How he was able to go from a 100% buyer default rate when selling on terms and was able to get that down to less than a 5% default rate.
How he is able to net a minimum of $300 per month of cash flow on a single mobile home and can usually recoup 100% of his original investment in 6 months or less.
How you can become a huge asset to a mobile home park owner by buying homes and moving them into their park or purchasing existing homes within the park.
Why it took him so long to transition over to investing in Mobile Homes to entire Mobile Home Parks and why he wishes he would have made the switch sooner.
How he creatively bought into a partnership in an existing mobile home park and is now in the turnaround process and is already eyeing up his second park
And much more

Recommended Resources:

Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Learn more about Spencer and his company, please visit www.MobileHomeInvesting.net

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life
0:06.5	and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.8	This is the Real Estate Investing for Cashflow podcast.
0:25.2	Now, here's Kevin Buck.
0:30.1	Hey guys, Kevin Buff here with episode number 85 of the Real Estate Investing for Cashflow
0:35.0	Podcast.
0:36.0	What mission is to help you build and maintain
0:38.0	massive amounts of cash flow through income producing real estate investments.
0:42.5	And the guest for this week's show is Mobile Home Investment Expert, John Fedro.
0:47.5	And I wanted to bring John on to the show because, as you are probably already aware,
0:51.4	if you're a regular listener to the show, is that my asset of choice for investment are mobile home parks. And if you know anything about the mobile
0:59.0	home park business, then you know that a big component of increasing the value of a park is by
1:04.3	purchasing used homes and placing them on any vacant pads that you have within your park,
1:09.2	and then either renting them out or selling them on terms to an end buyer. Well, guess what John's an expert at. He has made a living
1:17.0	by finding great deals on used mobile homes, which he then rents or sells to create passive
1:22.1	income. And what you'll learn in today's show can be applied to both investing in individual
1:26.7	mobile homes or investing in individual mobile homes
1:27.5	or investing in an entire mobile home park, which is what we love.
1:32.0	And at the moment, my team and I are currently under contract on multiple mobile home parks,
1:36.3	all of which have some vacant pads in each one of them.
	...

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