Making Money Syndicating Mobile Homes
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Topics: Mobile Homes
Making Money With Re-Manufactured Units
Topics: Mobile Homes
There are re-hab opportunities with remarkable profits for those who are wiling to work for their money. The key to refurbishing a Mobile Home is to try to make it seem as much like a new stick-built house as possible, within the bounds of good sense. In any event, you want a prospective buyer to be able to be proud of his home and not to feel that it is old and obsolete.
Developing a Small Mobile Home Subdivision
Topics: Mobile Homes
One fellow I know has decided to see if he can’t emulate my Arizona entrepreneur in a slightly different way. He owns a small family farm on which he has run a cow/calf operation for several years while he raised his kids. Now that they have grown up, he has cut up his land into two-acre plots and turned his farm into a re-manufacturing facility.
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Making Money With Small Mobile Home Parks
Topics: Mobile Homes
One of my subscribers owned a small Mobile Home park that barely escaped the wrath of Hurricane Katrina. The onslaught of homeless and workers being rushed into the area made rental space command premium prices. Just prior to this time, his park had been about 70% full, so he’d begun renting overnight spaces to RV owners to augment his cash flow. He found he could double them up on a single Mobile Home lot without any complaints, and that gave him a break through insight.
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Earning High Yields with Mobile Homes
Topics: Mobile Homes
Let's talk yield on individual lots/homes: While existing individual Mobile Home lots in some cities can cost $75,000 and more, an individual bare-bones 1 acre lot in a rural setting without any amenities can be developed for about $10,000 - $15,000 depending upon whether or not there is existing road access.
Are Mobile Homes and Parks Still Good Investments
Topics: Mobile Homes
I was asked two questions recently:
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Are used mobile homes and mobile home parks still a good business to consider in the present economy?
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What would you do different if you were starting out today?
Very good questions, so let me address them.
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Goals
Topics: Mobile Homes
Well folks, another year of your life is history and you’re about to enter a brand new year. I hope 2008 was a good year for you. It was a great year for me, and I expect 2009 to be even better.
Find the Need, Fill the Need, Finance the Need
Topics: Mobile Homes
How could I create or "make" notes that would provide high yield with low risk, and with a small investment? That was a question I had been asking myself for some time. After many years in the rental business, I had become a burned-out landlord. I woke up one morning and discovered that I had enjoyed all the tenants I could stand. And I thought how nice it would be if I could somehow create monthly checks, with no tenants, no management and no maintenance?
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It’s Not What You Do, It’s The Way You Do It
Topics: Negotiating
'HOW'? Ah, there's the rub. All we've done thus far has been to define the problem. Solutions are the tricky part. By and large, if you don't provide an acceptable solution, you don't make your deal. But the more thoroughly you understand the problem the more probable that you'll be able to find a solution. The most interesting part of this process is that other buyers can't compete effectively once the seller sees that you're trying to solve his personal problem while acquiring his property.
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When Buying, Ask Why, When Selling, Ask When
Topics: Negotiating
When buying, the 'WHY' question precedes What, but when selling, the 'WHAT' issue should come before the 'Why'. You can't scratch an itch until you find it. Because negotiation is essentially a problem solving technique, you've got to understand the motivation of the other party. I have a sort of pecking order for motivation. I place greed at the very bottom in terms of probably negotiating success. What I look for are personal factors.
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