Mobile Home Investing Podcast · John Fedro

031 More Mobile Home Investing Dos and Donts

·45 min·4 clips

A handyman stepped toward Drew, asking how much cash he had, with his one-year-old son in the car.

Host Jon Fedro and guest Drew, a mobile home investor from Nebraska, discuss two contrasting deals from Drew's early investing career. Drew had no prior real estate experience and initially faced significant fear about risking his family's money. His second deal involved purchasing a double-wide for $500 from an owner who had poorly attempted repairs, including hiding mold behind a couch. Drew budgeted $7,000 for repairs and lot rent, ultimately selling the home for $15,000 cash. The repair process was challenging, requiring four different handymen, with the first providing terrible work and becoming confrontational during payment in a parking lot. After the sale, the buyers threatened legal action, claiming undisclosed issues, though they had signed an as-is agreement and had caused a new hole in the floor themselves. A later, more positive deal involved a single-wide Drew first contacted about in June, bought in November for $2,200 after persistent, polite follow-ups. The 1998 home needed almost no repairs and sold for $11,500 cash about a month later to a grateful grandmother. Drew attributes the successful sale to consistent marketing on Facebook and Craigslist, prompt showings, and quick closing, contrasting with the seller's own ineffective and inconsistent efforts. Key insights include the importance of thorough property inspection, like moving furniture to check for hidden damage, and the value of respectful, ongoing communication with park managers. Drew highlights the protective power of a solid as-is sales agreement and the strategic use of credit for materials when starting with limited capital. The episode reveals that even with good references, handyman reliability can be unpredictable, and patient follow-up with sellers can lead to significantly lower purchase prices. The tone is conversational and educational, blending candid storytelling with practical advice for new investors. Listeners interested in real-world, gritty details of mobile home investing and overcoming early fears would appreciate this episode. Those seeking only polished success stories or quick, effortless strategies might find the recounted challenges less appealing.

As heard by us

The episode's point is plain: mobile home investing works better when the help you call on actually shows up.

Jon Fedro keeps the conversation grounded in a part of mobile home investing that can swing a deal: finding help that actually shows up and gets the work done.

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Why you'd press play

If you want candid mobile home deal lessons with the messy parts included.

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