BTM160: 5 Most Profitable Mobile Home Investing Strategies with Jay and Samera Harvey

Jay and Samera started their mobile home investing journey in 2017 after losing over $90,000 in unsuccessful real estate deals. In 3 short years, they have completed over 400 mobile home transactions and perfected the process of creating quick cash and cash flow using basic real estate strategies in mobile homes parks.

On today’s episode, we walk through their journey, how they found their niche and how they built a business as a couple that creates their lifestyle design.

Key Points From This Episode:

  • How Jay and Samera’s first mentor scammed them out of $30,000
  • The starts and failures of so many business before Jay and Samera find Mobile Home Investing
  • The path to over 400 successful transactions with trailer homes
  • The 5 main strategies for profiting with mobile homes
  • Top benefits of mobile home investing in parks

Links Mentioned in Today’s Episode:

Jay and Samera’s Website

Recommended Book:

4 Hour Work Week by Tim Ferriss

High Performance Habits by Brendon Burchard

Listen to these books for free with Audible!

Lifestyle Design App:

Active Campaign

Google Suite

BTM145: My Single Favorite Tool to Find Analyze & Market for Real Estate Deals with Burton Alicando

If you are an investor and are tired of subpar data providers, going to the county courthouse, wrongly estimating repair costs or the lack of access to the MLS, then I have a solution for you.

There’s a software that I’ve been using in my business for quite some time now, I’ve fostered its use so much so that instead of the 10 different apps that I used before, I now only need 1 other software (said other software will be explain in detail in an upcoming episode).

For this amazing episode, I brought on Burton Alicando, the Senior Product Specialist for the software that I use to find, analyze and market my real estate deals.

Key Points From This Episode:

  • The biggest mistake newbie investors make when pulling lists or choosing a real estate software for their business
  • A way around the outdated time consuming way of getting the data you need to make offers
  • The misconception that you need a realtor for MLS level data
  • A way around the anonymity of non disclosure states and sold prices of homes
  • How a newbie investor can be spot on with estimating repair costs
  • How you can find, analyze and market to your leads with one tool

This is one of my favorite software tools to date because it does so much in my business. If you are an investor, here are some of the things you can look forward to with this software:

  • Generating Leads Lists (with MLS level data) – Pre-foreclosure, vacant, bankruptcy, utility liens and much more
  • Vetting Properties – Comparables, mortgage balances, tax info, title research and much more
  • Calculating Rehab Costs – Labor/material cost data is sourced at the county-level nationwide so allow the software to guide you through the right renovation budget
  • Marketing Tools – Postcards, email marketing, voicemail drops and much more including your own customizable landing page website.

When you sign up, it will come with a full access 7-Day trial to make sure that you absolutely love the software before you pay anything.

Links Mentioned in Today’s Episode:

To learn more visit: beforethemillions.com/deal

BTM143: Top 2020 Real Estate Investing Strategies (Debunked & Explained)

What are the top strategies that new real estate investors should look into this new decade:

Flipping?

Rental properties?

Apartments?

Wholesaling?

Or creative strategies like Owner Financing?

Subject-to?

or maybe even a tenant buyer strategy or two?

On today’s episode, not only will we take a deep dive into each of these strategies but we’ll discuss what’s working in 2020 and how to select a vehicle based on your goals, experience, resources and timeline.

This is a fun filled jam packed episode that is going to expand your thinking when it comes to risk and no money down strategies in real estate as well as serving sellers and buyers as an investor while still making massive profits.

Key Points From This Episode:

  • What the Motivated Seller Method (MSM) is and how to implement it today
  • How to profitably overpay for properties
  • How to get a deal done with any seller in any market
  • Massive profit exit strategies for your investments
  • The idea of serving
  • How Daray navigated through these strategies in the past 4 years
  • Another way to use OPM (Other People’s Money)
  • How to structure 3 large paydays for every deal
  • Cash Flow vs. Lump Sum Cash and how to get both simultaneously

Links Mentioned in Today’s Episode:

Motivated Seller Method (MSM)

BTM 77: How To Create Your Personally Tailored Business Strategy With Mitch Stephen

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. Mitch’s company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. Mitch has recently been named one of the Top 9 RE Investors to follow on Twitter. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses & Notes with little to NO Discount, and helping others deal with the everyday throws of life in business.

 

On today’s episode, Mitch talks with us about how he earned a first-class degree in entrepreneurship from the streets and why it’s important to understand the difference between working on vs. working in your business. Mitch shares his story of becoming an accidental real estate investor after buying his first condo purchase and how he ended up getting paid to live for free. You’ll learn what owner financing is and the # 1 difference between making a good living vs. earning millions in passive income. 

 

Key Points From This Episode:

  • How you can make offers on real estate deals by becoming a professional deal finder
  • Why Investing in Mentoring Can Propel Your Real Estate Investments
  • How Mitch brought 62 houses (profited $500K down payments) and created a cash-flow of $32K/month 
  • The story of Mitch paying his wife 1-year salary ($36K) in 1 month and got her to quit her 9-5
  • Why being a wholesale/flipper will not get you long-term wealth for you and your family (what to do instead)

 

Links Mentioned in Today’s Episode

Mitch’s Website: http://1000houses.com/

Mitch’s Favorite Books:

Forever Cash https://amzn.to/2CRrJPk

Doing Business with GOD: https://amzn.to/2Erawhg

Think and Grow Rich https://amzn.to/2CLzRkp

Nothing Down https://amzn.to/2NIi7HF

Self-made in America https://amzn.to/2NJRaDB 

Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book 

 

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BTM 71: The Ultimate Buying & Selling Machine: Virtual Day Trading Real Estate with Larry Goins

Larry Goins has been investing in real estate for over 30 years. Previously, Larry served as president of the Metrolina Real Estate Investors Association in Charlotte NC, a not-for-profit organization that has over 350 members and is the local chapter of the National Real Estate Investors Association. Larry is an active real estate investor and travels throughout the United States speaking and training audiences at conventions, expos, and Real Estate Investment Associations on his strategies for buying and selling houses. Larry also has a podcast on real estate investing Brain Pick a Pro, where he interviews experts from real estate and give his own expert advice. Between speaking engagements and mentoring other investors, Larry oversees the daily operations of his investing business that wholesales properties, seller finances properties and holds properties for investment.

 

We talk to Larry about how he got started in real estate investing and the breakdown of his first deal using a FHA loan. Larry talks about the two types of ways you can get into real estate (business vs. investing) and some of the methods he has avoided investing in (e.g. short sale, rehabs and more). You’ll learn how wholesaling and day trading maybe one of the best ways to get started your investment journey. We discuss the importance of learning how to focus one thing you can do to increase your income, enjoy life, reduce your expenses, and spend your time the way you want to. Larry shares with us what a personal vision is and how you can use it today to create the life you want for yourself and your family.

 

Key Points From This Episode:

  • First steps to take before beginning your investing journey (creating a lot of cash to replace your W2 income, pay off any debts and start reserving income to start investing long term) 
  • Why investing in a mentoring was the best worthwhile investment Larry has ever made
  • Understanding how income as a measurement of value that you are putting out into the world
  • You should always have your finger on the pulse of your business even after hiring employees
  • The 2 ways you can go in business (keep it small and own it 100% or grow & scale)
  • How partnerships helped grow Larry’s network and expanded his business opportunities
  • What real estate day trading is (how to get started, story of Larry’s first deal, how the process is today etc.)
  • Best practices on finding deals using direct mail, telemarketing, Facebook ads, and bandit signs
  • Why having a budget on marketing is key to success with wholesaling and day trading real estate
  • Structuring a Deal: The 2 major things you need (a good cash price or good terms) 

 

Links Mentioned in Today’s Episode

Larry’s Website: https://LarryGoins.com

Larry’s Favorite Book: Lessons By The Richest Man Who Ever Lived http://a.co/d/dgs71yb

Recommended Books:

The Power of the Self Conscious Mind http://a.co/d/7cFhVuH

The One Thing https://www.the1thing.com/

The Pumpkin Plan http://a.co/d/fspjIeN

Download any 2 audio books for free when you try audible for 30 days.: https://beforethemillions.com/book 

Larry’s Favorite Lifestyle Design App: Deal Machine-Build freedom through real estate. Find profitable off-market real estate deals by simply taking a photo with our mobile app. https://dealmachineapp.com/

Recommended Websites/Apps:

Land Glide-Hover over a property to instantly discover details, including owner, address, and APN. http://reportallusa.com/solutions/landglide/

Zillow- The leading real estate marketplace. https://www.zillow.com/

Docusign- makes it easy for you to send out documents for signature. https://www.docusign.com/

 

Access The Best Strategies, Tips & Advice !

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

Sign up to join our community