In this episode of Properties to Profit, I dive into the world of mobile home investing. Many investors are hesitant to explore mobile homes, but I’ve personally had great success with them. I share one of my most profitable deals—a manufactured home in Newark, Ohio—that turned into an $85,000 win. From dealing with title issues to making a few key updates, I walk you through the entire process of turning a $90,000 investment into a $50,000 profit in just over 50 days. I also discuss the unique challenges and opportunities that come with mobile home investments, including the risks and rewards of taking on deals with limited comparable sales data.

If you’ve ever wondered about flipping manufactured homes or felt unsure about tackling these types of deals, this episode will give you the confidence to take the leap!

Timeline Summary:

[0:00] – Introduction and why mobile homes can be great investments.

[1:03] – My personal success rate with mobile homes and why I keep investing in them.

[2:22] – Breakdown of a $90K mobile home deal in Newark, Ohio.

[3:14] – Overcoming title issues and working with the seller.

[4:50] – How I turned this deal into a $50,000 profit in just 52 days.

[5:32] – Dealing with the challenges of VA appraisals and financing.

[6:33] – Why manufactured homes scare some investors and why I take the risk.

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In this powerful Monday Mindset episode, Michael dives into the profound impact of limiting beliefs—especially those projected onto us by others—and how they can control the trajectory of our lives if we allow them to. Drawing from his personal experiences, Michael shares actionable strategies to break free from the constraints of others' opinions, build a vision for your own life, and take the necessary steps to achieve it. He reflects on how shifting your mindset, surrounding yourself with the right people, and holding yourself accountable can help you create the life you truly desire. If you’ve ever struggled with doubt or letting others define your path, this episode will offer practical tools and insights to help you reclaim your power and live life on your terms.

Tune in to hear how you can shift the narrative and overcome limiting beliefs to build the life you want, with the guidance of accountability partners, therapists, and masterminds. It’s time to unlock the full potential of your vision and stop letting external voices dictate your destiny.

[0:00] - Introduction [1:05] - Introduction: Understanding the impact of limiting beliefs and how they hold you back

[3:50] - How creating a clear vision for your life sets the foundation for success [6:10] - The importance of surrounding yourself with people who push you towards your goals [8:30] - Personal examples of overcoming limiting beliefs in real estate and business [11:15] - Holding yourself accountable and avoiding excuses [13:40] - Regularly reviewing and adjusting your vision to stay on track [15:25] - Why it's crucial to ignore the opinions of those who don't understand your journey

• Connect with Michael on Instagram: @RealEstateMike02

If you enjoyed this episode, don’t forget to subscribe, rate, and share it with others who could benefit. Follow me on social media for more updates, and keep turning properties into profits!

In this episode of the Properties to Profit podcast, I dive deep into my experiences with mobile homes—an investment many real estate investors overlook. I share a recent deal involving a mobile home at 145 Bonner Ave in Newark, Ohio, where we turned a quick profit in under 60 days. I break down how we acquired the property, the challenges we faced, and the lessons learned along the way. From the unexpected issues during the VA inspection to the financial win despite lender fees, this episode highlights the pros and cons of investing in mobile homes, especially when considering factors like repair costs, mobile home park fees, and holding times.

You’ll also hear about why mobile homes can be a lucrative part of your investment portfolio, and I ask listeners: Would you consider investing in mobile homes? Tune in for key insights and to find out how this deal generated over $87,000 for my company.

Episode Highlights:

[0:00] - Introduction

[0:44] - Discussing the mobile home market and introducing a deal in Newark, Ohio.

[1:50] - Details of the property and the initial purchase price of $95,000.

[2:25] - Overcoming challenges with assigning the property and negotiating with a VA buyer.

[3:35] - The inspection process and repairs needed, including a new furnace.

[5:15] - Lessons from previous mobile home deals, including the risk of mobile home park fees.

[6:00] - Breaking down the $87,000 profit from this deal in under 60 days.

[6:54] - Considering whether mobile homes are a good investment—pros, cons, and potential profits.

If you enjoyed this episode, be sure to rate, review, and share the podcast! Follow me on social media for more real estate insights and updates. Keep turning properties into profits!