Cash Flow Investing With Mobile Homes - With Adrian Smude Episode 1050
If you\u2019re like many real estate investors, you\u2019ve steered clear of mobile home parks because they seem both confusing and complicated. Well, my guest today, Adrian Smude, found a different way to do things, and he\u2019s here today to tell us all about how he built a business on buying and renting mobile homes with his wife.
Adrian works primarily in Florida, so he recommends buying the land along with the mobile home. That way, if a hurricane or something comes and wipes away the mobile home, at least you still have the land.
Some mobile homes will require too much maintenance or repair costs to be worth it. That\u2019s why Adrian only works in a small area around his home. That way, he can go and see the properties himself before deciding what to buy, and what to pass on.
Adrian also found a lot of success by partnering with his wife. In fact, he named his business My Wife Buys. I know I\u2019ve had some luck in the past by having my wife write, sign, and send letters out to sellers saying \u201cMy husband and I are looking at properties in your area.\u201d
Plus, he\u2019s got tips on when you should sell one of your mobile homes and turn that money back around into the business. By working on these strategies, Adrian has managed to get 30 properties under his name, and he\u2019s got a lot of advice to share that he learned along the way.
What's Inside:
\u2014How to find and choose mobile homes to buy.
\u2014Use the lease option to build cash flow.
\u2014Use the money from a mobile home sale to buy more homes, increasing that cash flow.
\u2014Avoid \u201canalysis paralysis.\u201d