Mobile Home Investing Podcast · John Fedro

043 Juggling 6 Mobile Home Wholesale Deals at Once

·34 min·2 clips

A seller needed $2,000 for a mobile home, a buyer paid $3,000, and the deal made $1,000 in one day.

1. Mobile Home Investing Podcast episode 043 centers on Caleb's work juggling 6 mobile home wholesale deals at once. 2. Jon Fedro hosts, and Caleb is the guest whose wholesaling experience matters because he has closed 8 deals since November. 3. The episode asks what wholesaling mobile homes looks like when the deals are mostly on private land, not in parks. 4. Caleb says he once held a real estate license and tried wholesaling stick-built houses before finding mobile homes. 5. He says the business has been worth it because it has helped him learn negotiating, sales, and talking to people. 6. Caleb explains that most of his deals are in very rural areas on private land, and many homes have to be moved. 7. He says wholesaling was not his original target, but it has "fallen into my lap" as the current strategy. 8. Caleb describes two buyer types: retail buyers looking for personal residences and investors looking for discounted inventory. 9. He says he usually calls other investors last because they already know the lingo and want a discount. 10. He says he generally sells homes as-is, without repairs, because that lets him move quickly and avoid getting tied up in one property. 11. Caleb compares repair decisions to margin math, asking whether $5,000 in repairs would create enough extra leverage to matter. 12. He quotes Warren Buffett's bridge example about a 10-ton limit and a truck weighing 9.9 tons as a margin warning. 13. Caleb says he tracks acquisition cost, sale price, holding cost, and repairs in a simple Google spreadsheet. 14. He argues that numbers are the compass of the business and that no investor should operate without a pulse on their numbers. 15. He recounts a consignment deal where a seller needed $2,000 for a car and he ended up making about $1,000 in one day. 16. He also describes a mistake where he paid a seller before the buyer showed up and then held the deal for three to four months. 17. Jon and Caleb repeatedly return to the idea that the work is a juggling act because Caleb is also running a mattress store by appointment. 18. Caleb says he averages about 20 to 25 hours a week across seller appointments, driving, walkthroughs, inspections, and closing tasks. 19. Listeners who like practical wholesaling examples, mobile home investing, and deal math will get the most from this episode. 20. Listeners who want theory only and no real-world deal tracking may skip it.

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