Podcast Episode Details
Back to Podcast Episodes052 Movers broke her mobile home and ran away with Natalia
Episode 52
Welcome back,
In Natalia’s short time investing in mobile homes, she has already been able to create enough value to leave her full-time accounting job. Natalia now invests within multiple states around the NYC nearby, helping many buyers and sellers in need along the way.
Thank you to Natalia for coming on today’s podcast and sharing her mobile home investing business with us. Listen as Natalia shares what is working for her and how she overcame some of her toughest obstacles while building her mobile home investing business in New York, Pennsylvania and New Jersey.
Watch today podcast or listen below. Learn from Natalia’s stories so you can make more money faster and help more sellers and buyers this year.
- ⏩0:00 Getting started with mobile homes
- ⏩1:50 Intro Natalia
- ⏩4:00 Hours per week
- ⏩5:15 Cash or payments
- ⏩8:00 Favorite deals
- ⏩11:00 Be noisy
- ⏩12:15 Must be moved
- ⏩20:00 Solving this issue
- ⏩22:00 Following your ethics
- ⏩24:00 Going to court
- ⏩28:15 How it broke
- ⏩32:02 Second home moved
- ⏩34:15 How long to resell
- ⏩37:30 Land deal
- ⏩39:00 Confidence we gain
- ⏩40:20 Advice
Buying property via Delinquent Tax sale lists.
In today’s podcast we talk about multiple ways of buying mobile homes and various situation the sellers may find themselves in. One deal Natalia remembers during our podcast was a home she purchased directly from a county due to defaulted property taxes.
Natalia was able to purchase the property for cash under $4000. This particular property we’ll say parcel of land that used to hold a mobile home. The previous mobile home was removed already, however the connections to the sewer and city water line were still connected and ready.
Natalia quickly listed to home with a Realtor after only seeing the property once. While other mobile home investors may have added a mobile home and then resold the property or rented it for long term profits, there is nothing wrong with Natalia tripling her money after owning the property less than a couple weeks.
Natalia’s exit strategy: Sell to a cash buyer and triple the investment without touching a thing. Natalia locked in her profit when she purchased the good deal.
Buying and selling without ever seeing the mobile home.
In today’s video podcast Natalia reminisces about a mobile home she purchased and resold without physically seeing the property. This mobile home was roughly seven hours away from Natalia at the time.
After deciding over the phone that the mobile home was worth checking out, someone local was hired to go through the property, take dozens of pictures, test utilities, look under the home, and drive through the community in order to give Natalia a clear picture of what she was going to be making purchase offers on.
Purchase offers were made. The seller and Natalia negotiated some until a win-win deal was reached. Natalia admits her negotiation skills need improving. However, even without negotiating much, she manages to close really profitable deals.
Natalia and the seller met halfway to close and exchange money and paperwork.
Published on 11 months ago