Don’t miss a single show!

Overcoming Shyness and Limiting Beliefs: A Personal Growth Story

From overcoming shyness to finding a successful niche in mobile homes, Adrian Smude has come a long way in the last couple of years.  Adrian recognized his own shortcomings and decided to do something about it. He joined Lifeonaire and sought the help of two Lifeonaire coaches to help build his confidence and guide him toward his real estate goals. He also pushed himself to attend networking events and joined toastmasters to help him get used to talking in front of people.

Adrian’s two Lifeonaire coaches have also helped him push forward and stay focused on his real estate vision and goals, and his real estate business is now going gangbusters. One of his personal goals is to be debt free, and he is well on his way to achieving this. His other goal was to make enough in passive real estate income so that his wife could have the option to not have to work at her other job — and that goal has now become a reality.

Join us for this podcast as we get an update on how Adrian has overcome several struggles to find a successful niche in mobile homes.

“I would have never thought that [kind of success] was possible for me.” — Adrian Smude

Podcast Outline

About Our Guest

Adrian has been investing in real estate for 15 years, starting out as a hobby landlord. Only knowing what the banks told him, he followed that path for 10 years.

It was then that he discovered his passion for real estate through meetings, like the Invest Florida Meetup. As the market shifted, so did Adrian’s strategies for investing, leading him to mobile homes. This has now been his investment target for the last few years.

Adiran and his wife Erin are a husband and wife team, and they founded “My Wife Buy$” to help people sell their mobile home fast and make the process as simple as possible.

The post Ep. 175 Adrian Smude: Overcoming Limiting Beliefs to Achieve Real Estate Success 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.