John Fedro
John Fedro is a Mobile Home real estate investor and Mobile Home Investing Strategy Coach. John began his investing career in Florida and recently migrated to Texas. Starting from empty pockets, John fell into this specialty by accident and hasn't looked back. John Fedro's real estate career started with an old Ron LeGrand real estate investing course while in college, ""How to Buy and Hold Real Estate"". It was his BIG life wake-up call. It inspired him to join a multitude of real estate invest clubs, read every course he could buy or borrow, and make over hundreds of offers on different homes. It wasn't until John met a seller, that was selling a manufactured home that he was able to purchase with equity and quickly turn for a $35,000 cash profit, that he knew mobile home investing was the best fit for his real estate career. For the past 10 years, John Fedro has made his full-time income from his passive cash-flow investments. In 2007 he began helping local investors invest in mobile homes and has proceeded to help hundreds of new and seasoned investors follow in his foot-steps with the help of his online teaching and free resources.
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Real Estate Investors That Never Say Quit
Below are some examples when it pays off to be the last in real estate. When your last, your the last one to give up, the last to leave, the last to keep trying, the last to hold on to principles and values.
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Different Types Of Common Mobile Home Financing?
Some mobile homes are absolutely bank-financeable as long as the buyer is approved with enough money down. Older mobile homes are virtually impossible to obtain a traditional bank or conventional loan for due to their age, condition, foundation and the number of times the home has been moved.Please see the list below of the different types of common mobile home financing for investors and buyers.Common Mobile Home Financing Options1. Borrowing Money From Friends/Family:Whether you are buying a mobile home or selling a mobile home you may come across people that have or will borrow money from their friends and family…
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Let Your Investing Mistakes Empower You To Be A Better Investor
Maxwell Maltz is quoted saying, “You make mistakes, mistakes don’t make you.” Starting today move forward with new lenses. You are not the same person that made these mistakes in the past. You have changed and are improved and will not make the same mistakes again.Use your mistakes as signposts and directional markers along your journey to your financial goals. When you make a mistake or do not perform as well as you feel you should have, aim to learn what went wrong and how to avoid these same mistakes in the future.Mistakes Can Empower You To Be A Better…
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Due Diligence Form: Performing Background Checks On Renters/Tenant-Buyers
Many investors perform some level of due diligence when screening potential renters or tenant-buyers, however few investors perform as thorough of a check as they know they could. We become lazy, complacent, and trust others are just as honest as us – many times they are not. Next time you screen a potential renter or tenant-buyer, make certain to verify rental history and rental experience with his/her previous landlords. (Below I have given you a form you can use.)When performing due diligence on your renters or tenant-buyers do you…Perform a 3rd party background check (state and nationwide)?Check paystubs and W-2’s?…
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6 Types Of Mobile Home Buyers You May See While Investing
Below is a short list of people/companies that may be competing with you in your area. These competitors want to lock up or purchase investment mobile homes before you can help these sellers and provide them alternative options.It should be your goal to reach every seller as quickly as possible. Aim to become well-known in your local market concerning mobile homes.6. Real Estate Agents/Broker CompaniesThreat Level: Low These companies do exist; however, they are not the competition — they are a “fair and competitive market.” After speaking with many dissatisfied sellers, it seems many realty companies may exert little effort and produce…
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Cheat List For Mobile Home Repairs
There are certain repairs that most investor buyers will run away from. If money is limited and you’re looking to purchase or make your mobile home attractive to the largest number of serious buyers than please consider the list below.1. Roof & Ceiling Free Of LeaksBefore you purchase any mobile home feel free to safely walk around on the roof to verify its condition. To solve a roof leak, first locate and patch the roof-hole where the water is entering the home. Next it is important to remove and replace any damaged material including insulation, paneling, and drywall inside of…
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3 Warning Signs To Buying A Mobile Home Lemon
This article is designed to help provide the newbie mobile home investor with some foresight to notice some not-too-common red flags that you will find while investing in individual mobile homes inside of pre-existing mobile home communities.The three red flags below have all been costly mistakes that I have made myself over the past decade investing in these homes. Some of these mistakes I am still living with now as some homes are still located in these less-than-ideal parks. Below you will read some tips to avoid buying a mobile home lemon.1.) Large Number of Empty Pads/LotsImagine you are driving…
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Popular Ways to Sell a Used Mobile Home
As investors we not only have to think of our sellers when we are purchasing our mobile homes, however we have to understand the mindset of our buyers and sell with our buyers in mind. Below are 3 mobile home investment selling strategies that are most common for your mobile home buyers.1. Bank Financing:Lending is available both from well-established nationwide manufactured home lenders and your hometown banks/credit unions.When your borrower wishes to be approved at a bank, the buyer, the home, the foundation, and possibly the mobile home park (if applicable) may all be required to pass underwriting guidelines before final approval. This makes…
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Determining the Value of Your Manufactured Home When Selling For Payments
How do you determining the value of your manufactured home when selling for payments or as part of an seller financing option? Here is a great question –> What is the value of any item or property?The answer is exactly:===> what a buyer is willing to pay for the mobile home with cash, payment, and/or trade.===> whatever the market will pay for the mobile home during that time frame.Understanding Down Payments:If you plan on reselling mobile homes via monthly payments then you will most likely be requiring a down payment from your prospective tenant-buyers.Remember 1.)The down payment of your mobile home will…
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Mobile Home Buyer & Seller Yearly Cycle Guide
Let’s discuss the importance of understanding your local mobile home market, local buyers, and local sellers. By the end of the short list below, you should have a much better understanding of your plan and mindset moving forward into the coming months while investing in individual mobile homes and manufactured homes inside parks in the US.Attention Sellers: This article was initially intended for active mobile home investors. However the information contained below absolutely relates to buyers that may or may not be looking to purchase your home for sale. If you have any questions please do not hesitate to comment them…
