Episode 95, WE Determine the Value, with Mobile Home Elite Investors

On this episode of the Millionaire Podcast we talk unconventional real estate investing with these mobile home investors (don’t call them trailers) from Chicago. This couple did 14 mobile home transactions one year and took the leap of faith to get the ball rolling with a 22% loan and still made a substantial profit.

Hear how they purchased two homes for $4300 and sold them for $19,5000.

We usually have some dope conversation before and after so this episode has a little bit of the pre convo

Key Points From the Show:

Somebody is going to tell us yes
Be willing to offend with your offer
Submit offensive offers
Have an investor mindset.. they went and took a trip but realized they needed to focus on the business
Found second house for 3k and flipped it for 8500
They try to pay $3k per home with an all in at $5k
You can’t invest off of emotion
Finding deals off craigslist and letgo
Sometimes you can find handyman in the community
WE determine the value
We create the equity in this
Our terms create the value and the equity that we know we are going to receive in the home

Mobile Home Elite can be found here:
www.mobilehomeeliteinvestors.com
@mobilehomeeliteinvestors on Instagram and Facebook
Email: mheliteinvestors@gmail.com
Youtube – MH Elite Investors

Books Mentioned
Rich Dad
No Excuses

Podcast Sponsors:
Ericka Williams: bit.ly/2Co0V6N @erickasclassyclimb
Twenty 47 Watches: twenty47watches.com @twenty47watches
Invest with Terri – @imaninvestor – www.investor101.org
Todd Capital: www.gumroad.com/toddcapital