Why hello there again my fellow Real Estate Mogul, Sean Brooks here. Welcome back to another edition of mobile home investing.
If you’ve been following my lessons here, then you know that I have been walking you through the overall steps it takes to become successful investing in this unique niche. Make sure you check out my previous awesome mobile homes lessons here and here.
In today’s lesson, I’ll be teaching you the next step in the progression, and actually, the next step in my 2-part cash flow creation system.
What is part 2 of my equation you ask?
Cash Flow! Or as I like to call it, “Making that Mailbox Money.”
And no, I don’t literally mean we are going to make our mailbox rich for goodness sakes, that would be insane. ;-)
What I do mean, however, is that I’m going to show you how to make money so it shows up IN your mailbox, every month, with checks with YOUR name on them, whether you did a deal that month or not.
Quick Recap
In my previous lesson, I focused on part 1 of the 2 step cash flow creation system: Quick Cash.
More specifically, 4 different strategies to acquire Quick Cash:
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Wholesaling
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Co-Wholesaling
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Double-Closing
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Buy & Flip
Quick cash is a very attractive thing for new and seasoned investors alike because it’s absolutely vital for the growth of any business, no matter what industry you’re in. As real estate investors, we need quick cash not only to survive, but to grow and thrive. We need those influxes of capital to reinvest into our business for long-term income and growth, also known as cash flow, which we will get to in this lesson.
The 2-step Cash Flow Creation Equation is: Quick Cash + Cash Flow = Time & Financial Freedom
In this model, we can’t achieve our desired result without having the proper balance of being able to create capital to reinvest for long term cash flow. Because at the end of the day, it’s cash flow that is going to allow us to live the life of our dreams, but it’s going to require quick cash to get there.
Okay. Enough serious talk, let’s have some fun and talk about how the heck you can get checks to mysteriously show up in your mailbox, month after month, whether you actually work or not.
Mailbox Money
I’m glad you are joining me in this lesson because this is probably my most passionate subject in the wild and wonderful world of mobile home investing.
Quite frankly, I probably never would have taken this niche seriously if it wasn’t for what I am about to show you here today.
I learned early on in my career that I needed cash flow to survive. I also learned early on that it was difficult to acquire as a real estate investor… at least at the quantity and speed I wanted it at.
So I had to begin to search for ways to make that happen.
Who would have thunk it… Mobile homes were the bloody answer I had been searching for.
I had never stepped foot in one before, but once I saw the ROI (return on investment) from a cash flow point of view, I was absolutely blown away. And at that very moment in time, my mind was made up. This is what I needed, and this is what I was going to pursue.
Okay, I got a little carried away there with my story, but I did that to emphasize how important and how strongly I feel about this part of mobile home investing, because I have experienced it first hand and have seen how it can positively impact the lives of those who harness it’s power…
So enough chit chat. Let’s do the dang thang.
Let’s take another look at our equation: Quick cash + Cash Flow = Time & Financial Freedom
We have already gone over different strategies to create quick cash in the previous lesson
But maybe you are wholesaling houses to make that quick cash, or perhaps flipping them, or heck, maybe you even hit the lottery… nonetheless, we need some place to turn that quick cash into massive passive cash flow, aka Mailbox Money!
And I can tell you there is no better place than mobile homes!
What Would You Do with $5,000?
Let’s pretend you implemented the quick cash strategies and were able to create a quick $5,000. Not too shabby, aye?
Here’s my question for you, “What would you do with that money?”
Would you pay some of those bills that have been stacking up? Take a vacation you and your family has been dreaming about for years? Put it in a savings account and earn less than inflation?
Which of you would actually invest it?
For those who said they would invest it, where could you stick $5,000 and get returns each month, passively, which are truly going to start affecting your life?
Mobile homes!
Are you starting to get the picture here? Because I’ve been laying it on pretty thick.
Did you know that you can buy mobile homes free and clear for $5,000? Absolutely. Sometimes more, sometimes less.
The goal is to create that quick cash then immediately reinvest into long-term cash flow by using that profit to buy another mobile home free and clear to hold and create monthly income. Done and done.
You may be thinking, “Being a landlord is more than your so called Mailbox Money.” Oh contraire...
You see, I don’t rent the home out, I resell it via seller financing. I play the role of the bank, not the landlord.
Have you ever called up a bank and told them that your toilet was clogged? Haha, I can just picture the dude’s face on the other end of the phone… And quite frankly, that’s my face if someone were to call me and ask me the same thing.
I am not a landlord, I am a bank. Massive difference.
And this, my friend, is the difference between working each month, and what I like to call ‘Making that Mailbox Money.’
Each month, I receive a check from each one of my Mailbox Money deals, and I never pick up the phone, or fix a stinkin’ toilet (pun intended, actually).
This is the type of cash flow I prefer, and best of all, I’m not responsible for taxes, insurance, maintenance, etc. (I know I am laying a lot on you at one time, but trust me, I will take you through all the nitty gritty in due time.)
On Deck
Today’s goal was to introduce you to part 2 of my 2-Step Cash Flow Creation System.
It was a beautiful intro into changing your mindset about cash flow. It’s not something we have to wait years and years and years to acquire. By utilizing these strategies, this is actually possible.
And you will believe it’s possible because in my next lesson, we are going to go deep. Coming Soon: Making that Mailbox Money Part 2. In my next lesson, I’m going to get very specific on what these deals look like, so you’ll be able to start reaping the benefits of Making that Mailbox Money.
I will show you several example deals that I have personally done, and you’ll see how to make an average of $300-$500 per deal per month, without ever leaving the couch (well, hopefully you will leave the couch for other stuff, though, cuz that’s kinda weird if you don’t).
I will also show you how to double, triple, or even quadruple your money with returns of well over 100% in your first year. I kid you not. I am really looking forward to this next lesson, and I really hope you are too, because I know what it can do for your life, as I have benefitted from it in my own life, and seen many others benefit as well. See ya then!
Talk to Me
Can’t wait until my next lesson for mobile home info? Talk to me in the comments section below.
Go onto Craigslist and find some posts where people are offering seller financing or rent to own on mobile homes.
Cold call those people and see what kind of terms they are offering. This will start to give you a sense of the market and help you get over the fear of picking up the phone.
Ask those very same people if they are investors who are interested in purchasing more mobile homes. This is one of my ninja techniques to find cash-buying investors so you can start building your quick cash by selling them deals.