Mobile Home Investing Podcast · John Fedro

059 Ten mobile home Flips in 10 months with Ray in Virginia

·33 min·2 clips

Ray says he buys homes for $1,500 to $2,000 and sells them for $13,000 to $15,000.

1. Mobile Home Investing Podcast host John Fedro talks with Ray about flipping 10 mobile homes in about 10 months. 2. John Fedro hosts the show, and Ray is a mobile home investor in Virginia who has worked with John for about a year. 3. The episode asks how Ray went from a first foreclosure-auction condo in 2019 to fast mobile home flips with small checks and large spreads. 4. Ray says he started with entrepreneurship at about age 10, selling scrap metal from a roof and buying his brother a CD with the money. 5. He says his first real estate deal was a condominium bought at a foreclosure auction around 2019. 6. Ray describes an out-of-state Ohio single-family renovation as a disaster because of contractors and the stress of managing it remotely. 7. He says mobile homes appealed to him because they felt like a niche and because he wanted to move opposite the crowd. 8. Ray says he found the Mobile Home Investing Podcast and then decided to get into the strategy after speaking with John. 9. He says he has closed about eight park deals, has two more in process, and has done about 10 deals in less than a year. 10. Ray says his average quick flip profit is about $10,000 to $13,000 per home, with purchases often around $1,500 or $2,000. 11. He says he usually sells homes as-is because he does not want to deal with contractors unless he has to. 12. One current example is a free home from a park where he put about $12,000 into a remodel and listed it for $39,000. 13. Ray says he found that deal by putting up bandit signs across Virginia, Maryland, West Virginia, Pennsylvania, and Delaware. 14. He says a gut feeling led him to one area where he ended up getting about four deals and working on two more. 15. Ray describes calling a new park owner three times in a row, with seven seconds between calls, until the owner answered and said he usually does not pick up. 16. He says that persistence helped him get the homes, and he jokes that beginners should not stop at one call. 17. Ray says the best contractor lessons came from learning that the cheapest bid can cost more later, especially on paint and plumbing. 18. The tone is practical and candid, with John and Ray trading examples, checking math, and talking through contractor problems in a loose interview format. 19. Listeners who want mobile home investing tactics, deal numbers, and contractor lessons would likely benefit. 20. People looking for polished theory or zero-operating-detail discussion might skip it.

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