Category: investing 101

“If there is no struggle, there is no progress.” – Frederick Douglass In my last “Investing 101” post, I talked about the importance of being patient and why I decided to wait for the right opportunity rather than trying to force one that is not so right – one that would have took me into…
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Photo Source: Motivated Photos “Good things come to those who wait.” Recently, I missed out on an opportunity. Yet, this opportunity may not have been the best opportunity for me. But, in the spur of the moment I felt it was an opportunity. Now, looking back – I know I made the right decision. I…
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“Courage is rightly esteemed the first of human qualities because it is the quality that guarantees all others.” – Winston Churchill Lately, I’ve been receiving a lot of questions from folks regarding advice they have received from other investors (both online and offline) regarding investing advice and what types of opportunities to pursue. The main…
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Recently, I’ve been getting a bit agitated and annoyed working with banks on their mobile home inventories. Right now, the banks owned mobiles are just too much of a risk for what the banks (in my experience) are looking to get. It’s getting to the point where even the parks won’t buy them back. And,…
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Video Link Since it’s been awhile, I thought I’d touch upon an “Investing 101” type post and get away from the case studies this week. I’d like to touch upon a topic that has come up time and time again – how to get started investing in mobile homes. Lately, many have expressed interest about…
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By far, knowing the market is the most important key to success in investing in mobile homes. If you do not know your market, you will not be able to find a good deal. Why? It’s simple. If you do not know your market, you will not be able to see a deal if it…
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I thought I’d address the age old question a lot of folks have been asking me lately, “How do I find buyers?” If you are investing in mobile homes and plan to buy and hold the paper, the question is not, “How do you find buyers,” but “How do you find the right buyers?” There’s…
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(Note: Image courtesy of LumaxArt) “Everyone always wants some new things. Everyone likes new inventions, new technology. People will never be replaced by machines. In the end, life and business are about human connections.” Michael Scott, The Office With the evolution of technology today, it’s very easy to get lost in all the “noise” of…
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“How do I get started?” This is probably the most frequently asked question I receive from folks looking to get started investing in mobile homes and/or real estate. It’s a pretty common question. Many people want to get started investing in mobile homes and/or real estate but just don’t know which direction to go. There…
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Recently, I’ve been getting a lot of mail from people who are new to the mobile home business asking me if it’s a good idea to buy a mobile home park. They’ve told me they’ve heard that mobile home parks are great investments – they have read articles and have gone to real estate forums.…
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