Category: Investment Risk

Investing in Your LIFE, Not Just Your Portfolio with David Blain

David & I Discuss:

Classes/Category of Passive Investor
Real Estate as a BUSINESS
Allocation to Real Estate as Asset Class
When to Seek Financial Advice

Listen Now:

Relevant Episodes: (There are 162 Content Packed Interviews in Total)

How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss
How to Succeed in Business WITHOUT Sacrificing you Family, Health, or Life with David Finkel
Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts
Negotiating No Money Down Commercial Real Estate Deals with Peter Conti

Resources Mentioned in this Episode:

www.BlueSkyWa.com/realestate

www.DavidBlain.com

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

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Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Leveraging Legal Counsel to Grow Your Business with Denice Gierach

Denice & I Discuss:

$35 Million Development Project
Selecting the RIGHT Legal Counsel
Where to Find Businesses to Buy
Getting Your Business Ready to Sell

Listen Now:

Relevant Episodes: (There are 157 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.GierachLawFirm.com

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

investing real estate rei diamonds show

From Corp America to Owning $42 Million in Multi-Family Real Estate with Agostino Pintus

Agostino & I Discuss:

Turning Around the “Fear Mentality”
Buying is Easy, RUNNING the Deal is the Hard Part
Never Underestimate the Power of Sales Skills

Listen Now:

Relevant Episodes: (There are 151 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

Text “FREEDOM” to 202-410-4202

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

investing multi-family investing real estate rei diamonds show

Cryptocurrency & the Potential Shifts in the Real Estate Industry with Gary Gilgen

Gary & I Discuss:

Potential Changes Stemming from Crypto
Why Crypto is a Horrible Investment
How Crypto might be a Great Investment
Importance of TIMING an Investment

Listen Now:

Relevant Episodes: (There are 150 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

investing real estate rei diamonds show

The REI Diamonds Show-Real Estate Investment Podcast

Real Estate Investing Podcast designed to help experienced real estate investors make & keep more money. The REI Diamonds Show is a loose discussion between Dan & expert guests focused on strategies for avoiding risk & generating profits. Many of the guests generate more than $1 Million in profit per year-investing in real estate.

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Investing in mobile homes with no money down is possible if you execute the correct strategy. Jay Samera joins me on the show to discuss this strategy in detail. Investing in mobile homes can generate quick chunks of cash. Brand new investors often do their first deal and net anywhere from a few thousand dollars to $10,000 or more. Many real estate investors avoid this strategy because of they don’t know the strategy. They would rather do a wholesale deal or a flip because it’s more mainstream.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

Resources Mentioned in this Episode:
https://TrailerCashAcademy.com

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here:
https://reidiamonds.com/how-to-make-300k-year-investing-in-mobile-homes-with-no-money-down/

Check Out the Full Archive of The R.E.I. Diamonds Show:
https://REIDiamonds.com/podcast/

The Mobile Home Market is Prime for Making Quick Cash

There is nearly no competition in the mobile home investing market. This is because the real estate investing community largely ignores the mobile home market. This lack of competition refers to the buy side-dealing with a motivated seller.

On the other side of the deal is the buyer who will occupy the property. Normally these buyers would be in the market to rent a home, but leap at the opportunity to buy rental property instead. This “buyer” is actually only buying the manufactured home, not the land beneath. Considering that fact, the purchase price paid for the house and the monthly rent payments still provide that buyer with a home they own. These buyers now have pride of ownership. They can maintain, paint, or change their home without asking any landlord. It feels good to own a home.

This is NOT about Buying Mobile Home Parks-You do NOT own the land here…

You don’t actually “buy the property”. Park owners actually own the lot and the mobile home owner pays rent. I normally pass on these deals myself because of this fact. It’s also a reason many gravitate toward wholesaling houses instead-as you’re doing deals on fee simple (fully owned) property which most real estate investors understand. Essentially you are buying & selling the mobile home itself. It might make more sense to think of this strategy like buying & selling cars for profit. There is a title, but no deed. The Park Owner (sometimes a real estate investment trust) holds the deed to the land. Here’s why that’s important:

5 Risks that Lead to BIG Losses & How to Avoid Them

Jay and I discuss 5 big risks which could cost you big during the show. One of the biggest risks to understand is that you’re at the mercy of the land owner. That park I mentioned above? They have the ability to write the rules for their park. Every mobile home park has it’s own set of rules. Some of these rules included approving any resident. Those approval processes could take months-while you’re responsible for paying the lot rent. Check out the episode to discover the other 4 risks.

Structure of a No Money Down Mobile Home Deal

No money down real estate investing is always accomplished through creative financing. You’re simply putting together sellers and buyers. Find a motivated seller and lock in a purchase price-often by arranging to make payments. Then find a buyer, set a purchase price, collect a down payment, and hold a note (or loan) for the balance.

Be sure to collect a larger down payment than is required to pay the seller, so there is some profit left right up front in the deal. Congrats-you’re just bought & sold real estate with no money. Well, I guess in this case, it’s actually a mobile home. Along these same lines, creative financing applies to various types of real estate-land, apartment buildings, houses, and of course, mobile homes (not actually real estate).

You also set the terms and the interest rate for the payments you’re collecting. Even though you don’t own the land, you’re still collecting cash flow just like an investment property. Many would agree this is even better since you’re not responsible for any maintenance or upkeep on the deal.

Jay & I Discuss Investing in Mobile Homes
• Structure of a No Money Down Mobile Home Deal
• 5 Risks that Lead to BIG Losses & How to Avoid Them
• Most Valuable Asset-Even if You Have No Money
• Best States for Mobile Home Investing

Relevant Episodes: (There are 180 Content Packed Interviews in Total)
• Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts https://reidiamonds.com/deferring-taxes-on-any-highly-appreciated-asset-sale-with-brett-swarts/
• Investing in Real Estate Using an IRA with Jason DeBono https://reidiamonds.com/investing-in-real-estate-using-an-ira-with-jason-debono/
• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss https://reidiamonds.com/how-to-take-huge-depreciation-using-cost-segregation-with-yonah-weiss/

Search Episodes

Episode 180: How to Make $300K/Year Investing in Mobile Homes with No Money Down

January 23, 2021

REI Diamonds

Episode 178: How to Find Off Market Real Estate Deals with Zack Boothe

January 16, 2021

REI Diamonds

Episode 177: Investing in Real Estate with No Money Down with Chris Prefontaine

January 8, 2021

REI Diamonds

Episode 176: How to Buy Land with No Money Down with Mark Podolsky

January 1, 2021

REI Diamonds

Episode 175: Passive Real Estate Investing in Real Estate Development-with Mike Brown

December 23, 2020

REI Diamonds

Episode 174: Jacksonville Florida Turn Key Rental Properties with Gregg Cohen

December 17, 2020

REI Diamonds

Episode 173: Economic Forecast 2021 with Paul Sloate

December 11, 2020

REI Diamonds

Episode 172: How to Avoid Capital Gains Tax Using a Deferred Sales Trust or Like Kind Exchange with Carl Worden

December 4, 2020

REI Diamonds

Episode 171: How to Find Motivated Sellers with David Lecko

November 26, 2020

REI Diamonds

Episode 188: How to Raise Capital for Real Estate Deals Using Authority Marketing with Lyndsay Phillips

November 22, 2020

REI Diamonds

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Category: Investment Risk

David & I Discuss:

Classes/Category of Passive Investor

Real Estate as a BUSINESS

Allocation to Real Estate as Asset Class

When to Seek Financial Advice

Listen Now:

Relevant Episodes: (There are 162 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Denice & I Discuss:

$35 Million Development Project

Selecting the RIGHT Legal Counsel

Where to Find Businesses to Buy

Getting Your Business Ready to Sell

Listen Now:

Relevant Episodes: (There are 157 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Agostino & I Discuss:

Turning Around the “Fear Mentality”

Buying is Easy, RUNNING the Deal is the Hard Part

Never Underestimate the Power of Sales Skills

Listen Now:

Relevant Episodes: (There are 151 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Gary & I Discuss:

Potential Changes Stemming from Crypto

Why Crypto is a Horrible Investment

How Crypto might be a Great Investment

Importance of TIMING an Investment

Listen Now:

Relevant Episodes: (There are 150 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.GalacticTrust.com

www.CryptoInvestorSecrets.com

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”