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Real estate investors have heard the news, they’ve seen the figures: by all accounts, real estate markets are tightening up.

In all the major asset classes, investors are reporting rapidly rising markets, which translates to increased competition for deals. Some investors are starting to wonder how far until they hit the ceiling and would-be investors are wondering how to make money in real estate if opportunity isn’t knocking.

Larry Goins stopped waiting for opportunity to come knocking a long time ago.

As a 30-year veteran of real estate investing, Larry has tried his hand at just about every asset class. Over the years, he has learned that opportunity may not always present itself, but it is always there waiting.

Larry has become a master of finding ways to make money in real estate through his many years of investing experience and he is helping others find the same.

Based out of South Carolina, Larry currently wholesales, buy-and-holds properties and offers seller financing in 12 different states, including Florida. In addition to his active investing lifestyle, Larry provides a remarkable resource for investors to learn the ins-and-outs of real estate investing. Through numerous books, seminars and his radio show, Larry gives investors the tools they need so that they can make money in a rapidly rising market.

Ways to Make Money in Real Estate

• Seller Financing under Dodd Frank
  • Dodd Frank affects seller financing for consumers only – read Larry’s report here (past Invest Florida Episode on Dodd-Frank Seller Financing)
  • Residential Mortgage Loan Officers specialized in seller financing should review loan applications – view Larry’s RMLO Directory
• Marketing & Finding Deals
  • HUD houses - HUDHomestore.com
  • Secondary markets
  • Craigslist
  • Direct-mailing
  • Agent/Broker networking
• Resources & Links
  • As a special offer, Larry is offering a free copy of his book, HUD Homes Half Off to Invest Florida Show listeners!
  • Check out Larry’s Filthy Riches investment strategy
  • Check out Larry’s BRAG Radio Show

To find out more about working with Larry on future deals or for other investment questions, visit larrygoins.com or call his office at (877) LARRYGO (527-7946)

The post Ep. 106 Larry Goins: Finding Ways to Make Money in a Rapidly Rising Market appeared first on Real Estate Investing in Florida.

Don’t miss a single show!

Florida has its fair share of mobile homes. Whether providing seasonal residences or  year-round affordable housing, mobile homes have become an ever-present property class in the Florida real estate market. Though they have been a historically neglected asset class, investing in mobile homes can provide strong, consistent returns. As markets in other asset classes become more competitive, mobile homes may be a rising hot market for investors.

John Fedro is one investor who discovered the opportunity in mobile home investing early on. After entering full-time real estate investing in 2002, John purchased his first mobile home in a park in Florida. He quickly saw the potential investing in mobile homes and after his first year had acquired 14 properties. In a virtually untapped market, John was able to develop an investment strategy exclusively for mobile homes that ensured strong returns. He has since expanded his portfolio to Texas and is actively sourcing deals in other states.

• Mobile Home Investment Types
  • Private land mobile homes – longer to close, traditional sale of real estate;
  • Mobile homes in parks – categorized as personal property in most states, not subject to title issues/other typical
  • Mobile Home Parks
• Financing
  • Little to no conventional lending; mainly cash deals
  • Seller financing
  • Dodd-Frank regulations do apply to mobile homes w/ financing
    • Mortgage loan originators can assist with compliance
•  Costs + Fees
  • Purchase for >$10k
  • Sell for <$25k on payments
  • Buyer repays minimum $300/month on property
  • Mobile homes in parks, buyer pays lot fees, utilities, possibly insurance
• Move-in ready
  • Buyers will usually do refurbs/improvements
• Marketing
  • Mobile homes in parks: Craigslist, driving through parks, talking w/ park managers
  • Mobile homes on private land: networking, direct-mailings, bandit signs, seller lists
• Hot Florida Markets
  • Miami, Jacksonville, Tampa, Gainesville
  • Rural areas, small towns
  • Panhandle
• Investment Tips
  • Do multiple deals
  • Effective marketing strategies
  • At least 60 mile radius for investment market
  • Seek knowledgeable investor

Check out John’s website for even more information on successful investment strategies for mobile homes. John has free videos and a podcast where he covers tips for investing in mobile homes. Contact John directly by email at support@mobilehomeinvesting.net

The post Ep. 92 John Fedro: Using Mobile Homes to Get Started Investing in Florida Real Estate appeared first on Real Estate Investing in Florida.