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SAFE Act Update: Preserving Access to Manufactured Housing Act
Image Credit: ClipartHeaven
With a lot of folks concerned about the SAFE Act, I've decided to give you all an update. Recently, the "Preserving Access to Manufactured Housing Act" was introduced to help more folks have the ability to obtain financing for manufactured housing.
Since the Act, many lenders and individuals are shying away from providing this service to families and individuals who need financing for used manufactured homes. This is detrimental for the future of Americans who Read more [...]
Terminology Tuesday (Tricks of the Trade) – Fixing and Replacing a Furnace
(Note: I think it's important to know the terminology and words used when learning any new business including mobile home investing. I came up with 'Terminology Tuesday' as a way to go over the terminology used in the mobile home business. It's important to know the terminology when talking to people in the business so you're all on the same page).
**** Tricks of the Trade is a new series I have started that will be included with "Terminology Tuesday" posts. The goal of this series is to share Read more [...]
Done Deal: 3/2 Singlewide Mobile Home In a Park
(Note: Since I’ve received a lot of requests for more case studies, I thought I’d make a post on another one. Enjoy!)
Like many of my deals nowadays, this one came through a park manager in one of my favorite parks. There was never a "For Sale" sign and no one knew it was for sale. Inside deals are the best! :)
In any case, the park manager told me about this deal when I came in to visit. Since the park managers I work with already know my criteria, they know which leads to send to Read more [...]
Thank You Lonnie Scruggs…
As I sit here at my computer, I am still shocked at the news of the sudden passing of Lonnie Scruggs ( aka "The Godfather" of mobile home investing). I was alerted of this sudden occurrence by my tweep, @NorthCuttPrint, (thank you!) here:
Lonnie was a great man and a good teacher. His teachings about money and how to make money work for you span the test of time and have changed so many people's lives around the world. It's not just about mobile home investing — the concept can be applied Read more [...]
Terminology Tuesday (Tricks of the Trade) – Fixing a Bathroom Ventilation Fan
(Note: I think it's important to know the terminology and words used when learning any new business including mobile home investing. I came up with 'Terminology Tuesday' as a way to go over the terminology used in the mobile home business. It's important to know the terminology when talking to people in the business so you're all on the same page).
**** Tricks of the Trade is a new series I have started that will be included with "Terminology Tuesday" posts. The goal of this series is to share Read more [...]
Investing 101: 5 Things You Can Do to Learn Your Market
Today, I'm going to talk about a very important topic when it comes to mobile home investing - the importance of learning and knowing your market. And, I'm going to share with you "5 Things You Can Do to Learn Your Market" when it comes to mobile home investing. Check out the video to find out more, thanks for watching!
Video Link
p.s. Feel free to leave comments on any post either here and/or my Facebook Page. Comments are always welcome, thanks for reading! Read more [...]
Terminology Tuesday – 5-in-1 Painter’s Tool
(Note: I think it’s important to know the terminology and words used when learning any new business including mobile home investing. I came up with ‘Terminology Tuesday’ as a way to go over the terminology used in the mobile home business. It’s important to know the terminology when talking to people in the business so you’re all on the same page.)
One of the most versatile tools I've come to learn to use is the 5-in-1 Painter's Tool. For the most part, the majority of homes that Read more [...]
Investing 101: 10 Dos and Don’ts to Get Started in Mobile Home Investing
Since there have been a lot of folks interested in learning about how to get started in mobile home investing, I thought I'd share with you an audiobook I put together for my blogging pals and their students. Hope you enjoy it, thanks for watching!
Video Link
p.s. Feel free to leave comments on any post either here and/or my Facebook Page. Comments are always welcome, thanks for reading!
Read more [...]
Terminology Tuesday – Storage Shed Walk-Thru
(Note: I think it’s important to know the terminology and words used when learning any new business including mobile home investing. I came up with ‘Terminology Tuesday’ as a way to go over the terminology used in the mobile home business. It’s important to know the terminology when talking to people in the business so you’re all on the same page.)
Though I'd mix up a bit with this "Terminology Tuesday" post and share with you a walk-thru of an actual storage shed that was included Read more [...]
Investing 101: SAFE Act Solutions
Image Credit: ClipartHeaven
With the advent of the SAFE Act, not a day goes by where folks bring this issue into discussion. Many are scared of the Act and have a "sky is falling mentality" questioning whether "Lonnie" deals are even feasible or not.
The reality of the situation is that the game is the same — it's just the rules that have changed. Remember, keep the big picture in mind. As long as you understand the concept of doing "Lonnie" deals, there are ways to legitimately structure Read more [...]
