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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: All right, guys, Welcome back EYL Hometown Heroes Edition Chicago.

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Speaker 2: Town's Going On Now.

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Speaker 4: Shot.

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Speaker 3: Shout out to the shot, Shout out to the west side,

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Speaker 3: to the south side, north side, East side, every side

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Speaker 3: we was at itself right now, Yeah, in the south

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Speaker 3: side right now for sure?

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Speaker 2: Again for sure what area we.

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Speaker 3: At specifically, So this be in Washington Park, Washington Park,

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Speaker 3: shout out to Washington Park.

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Speaker 2: Those y'all know.

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Speaker 3: Yeah, so we got we got a very special audition today.

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Speaker 3: But before we start, we got some housekeeping items we

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Speaker 3: want to make you guys aware of. It's not too

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Speaker 3: late to register for our workshop, our first ever workshop

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Speaker 3: on ten seventeen. So as we said before, every single

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Speaker 3: month we're going to be having a workshop in person

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Speaker 3: but also live stream for anybody anywhere in the world.

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Speaker 3: And it's going to be a different eyl guest is

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Speaker 3: going to speak about the area of expertise. So the

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Speaker 3: first one is with our guy MG, the mortgage guy,

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Speaker 3: and it's going to be about financing your first real

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Speaker 3: estate deal. Real estate financing for your first deal. So

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Speaker 3: you go to our website or you lead you dot

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Speaker 3: com on the events tab and you can register, as

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Speaker 3: I said, you can do in person in New York City,

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Speaker 3: but you can also live stream it and you can

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Speaker 3: watch it. You don't have to watch it while it's

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Speaker 3: going on. With the live stream, like once you have it.

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Speaker 3: You can watch it whenever whenever you so if you're

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Speaker 3: at work or whatever, so make sure you do that. So, yes,

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Speaker 3: all right, so now we have a very special episode.

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Speaker 3: I'm actually interested because this is something that I don't

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Speaker 3: know anything about. Zero I'm gonna educate myself on this.

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Speaker 3: So Byron and Shenise Dynamic dual Dynamic couple that also

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Speaker 3: are business partners as well. So congratulations first and foremost. Yeah,

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Speaker 3: So so you guys, all right, you're in the mobile

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Speaker 3: home industry, right, so for anybody that's not familiar with that,

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Speaker 3: that is home on wheels pretty much.

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Speaker 4: Right.

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Speaker 3: It's interesting because I met you at the event, our

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Speaker 3: networking event. It was amazing, by the way, and I

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Speaker 3: was yeah, and you was. You was telling me about it,

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Speaker 3: and you know, I was thinking, like, this is just

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Speaker 3: an interesting thing. Can we talk about real estate a lot?

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Speaker 3: But we've never spoken or covered mobile homes, and you

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Speaker 3: was actually educating me because a lot of people, especially

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Speaker 3: where we're from the Northeast, we have derogatory, which I

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Speaker 3: learned with a derogatory. Yeah, well we used to call

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Speaker 3: it trailer, a trailer home or in trailer park, but

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Speaker 3: it's not called it shouldn't be called trailer park or

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Speaker 3: trailer home. It's a mobile home in a mobile park.

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Speaker 3: But long story short, you can actually invest in these properties,

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Speaker 3: and it's just like real estate. You can make money,

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Speaker 3: you can wholesale, you can flip, you can fix up,

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Speaker 3: and it's really interesting. It's a lot less as far

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Speaker 3: as how much money you have to put into it,

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Speaker 3: a lot of it. It's a lot kind of easier

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Speaker 3: finance and all that kind of stuff. So all right,

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Speaker 3: before we even get into the details, can you tell

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Speaker 3: your story of how you got into the industry.

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Speaker 5: Oh, yeah, for sure, Okay.

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Speaker 6: So Man, So basically, I've been trying to do real

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Speaker 6: estate for four or five years, right, And when I

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Speaker 6: tell you, like capital credit, I was having a lot

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Speaker 6: of issues with that. And so, Man, March third of

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Speaker 6: twenty seventeen, that was a day I was fired from work.

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Speaker 7: It's a great day, Yeah, great day.

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Speaker 4: What kind of job? What kind of jobs?

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Speaker 5: So I was in the transptation industry.

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Speaker 6: I was a driver manager and so man, for that time,

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Speaker 6: I'm like, man, I'm still getting real estate. So Man,

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Speaker 6: I was actually and I was in a life coaching

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Speaker 6: program at that time to become a life coach. So I

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Speaker 6: will say that helped me up for to be where

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Speaker 6: I'm at now, and that's summer. I hustled, hustled, like

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Speaker 6: I'm just trying to get into it. At the time, man,

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Speaker 6: I was driving left to pay the bills, and I

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Speaker 6: was always listening to podcasts, and this particular day, I

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Speaker 6: happened to find a podcast. It was on mobile homes.

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Speaker 6: But mind you, I'm driving and people like, man, turn

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Speaker 6: that off. Man, I ain't trying to hit it. Come on, man,

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Speaker 6: So I sent it to her. I sent it to Sharnee, like, hey,

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Speaker 6: take a listen to this, man, I think it's gonna

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Speaker 6: be special.

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Speaker 5: Send it to her.

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Speaker 8: And then so I was listening to the podcast and

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Speaker 8: that podcast had so happened to be on mobile home investment,

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Speaker 8: like he said, And the biggest thing that I learned

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Speaker 8: from that podcast was you can literally get started with

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Speaker 8: very minimum capital.

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Speaker 9: Credit does not have to be good.

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Speaker 8: And those are the two things that I feel like

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Speaker 8: at the time, because me and Byron were new investors,

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Speaker 8: those were the things that were kind of holding us back.

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Speaker 8: So once I heard that, I was like, Okay, we

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Speaker 8: need to get into this niche of mobile homes. So

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Speaker 8: I came home, I told Byron, like, look, were about

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Speaker 8: to get into these mobile homes, Like I know, we

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Speaker 8: trying to get these three flats right now here in Chicago.

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Speaker 8: We were trying to get buildings at the time. But

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Speaker 8: like I said, our capital, our credit was not so good.

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Speaker 8: So I was like, look, let's try something different, Let's

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Speaker 8: go outside the box, and let's conquer this. And man,

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Speaker 8: it's been history ever since.

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Speaker 7: That's means I mean, especially as a couple doing it,

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Speaker 7: y'all supporting each other, which we don't see it like

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Speaker 7: this is the first couple that we've seen on our podcast.

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Speaker 7: What did it take to have a belief in each other?

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Speaker 7: Did y'all always trust each other?

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Speaker 10: Like?

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Speaker 2: How did that develop man?

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Speaker 5: Double question?

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Speaker 6: So the biggest thing from myself going through that journey,

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Speaker 6: I learned a lot. I took a lot of l's,

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Speaker 6: went broke, mest of my credit card repoll like all

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Speaker 6: the worse right, And so she had my back. She

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Speaker 6: was the one person that out of everything from family, friends,

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Speaker 6: that have my back. So it was like, Yo, with

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Speaker 6: this knowledge, like I got I have nothing but trust

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Speaker 6: and I'm gonna have so much patience in this. And

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Speaker 6: she trusted me and I would just see her growth

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Speaker 6: and she just dug and became a student literally with

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Speaker 6: no entrepreneur experience at all. And I'm just looking like, yo,

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Speaker 6: she a rock stuff.

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Speaker 3: So all right, So okay, so you listen to the

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Speaker 3: podcast you said it to. What made you say, Okay,

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Speaker 3: this is something that we because you both I lost

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Speaker 3: your jobs, right, so what made you say, Okay, this

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Speaker 3: is something that we're gonna do full time? And what

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Speaker 3: was your first deal, Like, what was the first thing

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Speaker 3: that got you into, like buying your first mobile home?

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Speaker 6: Man, So honestly, I had nothing else to lose, Like

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Speaker 6: I had took so many l's.

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Speaker 5: I'm like, yo, this gotta work. One of these gonna work.

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Speaker 6: So so you know, we got this scavenging.

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Speaker 8: Man.

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Speaker 6: We just took out a high interest loan for ten K, right,

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Speaker 6: I mean and listen to interest rate on that was

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Speaker 6: twenty four percent credit card alone, like a yeah shark

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Speaker 6: loans loan went through like a credit union.

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Speaker 5: Or something like lending club.

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Speaker 6: And uh so we got that and then we just

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Speaker 6: dove in. We started hitting a roll. We had did

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Speaker 6: little education and we didn't know like we literally learned

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Speaker 6: from the school of hard knocks, so we hit the role.

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Speaker 6: We went all the way down to Cincinnati looking for homes.

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Speaker 5: We didn't know.

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Speaker 6: We were trying to see we're gonna move homes and

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Speaker 6: man our first deal. She actually found this guy and

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Speaker 6: up and it's called Love's Park.

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Speaker 9: Yeah, so I.

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Speaker 8: Ended up againing prospecting being Facebook. I found this guy.

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Speaker 8: He was a park manager. He had a lot of

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Speaker 8: older homes and he was like, look, we got some

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Speaker 8: homes under five thousand. You should come out and take

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Speaker 8: a look. That was definitely our budget because starting out

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Speaker 8: we was like, we only want to stay under five thousand.

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Speaker 8: So when out there we looked at a few homes.

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Speaker 8: We ended up getting two on one home we paid

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Speaker 8: thirty seven hundred. It was moving ready so we didn't

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Speaker 8: have to do anything to it, no rehab. It was

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Speaker 8: beautiful and the second home we purchased for five hundred,

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Speaker 8: put a little bit of rehab into it about thirty

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Speaker 8: two hundred dollars. We ended up flipping those first because

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Speaker 8: of course we want us to go ahead and make

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Speaker 8: some profits so we can continue to invest.

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Speaker 9: So we ended up flipping those.

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Speaker 8: We made nineteen thousand, five hundred in less than thirty days,

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Speaker 8: and then.

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Speaker 4: You said this is this.

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Speaker 9: Right, and that was it?

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Speaker 1: Right?

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Speaker 2: That was it At that.

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Speaker 7: Time you were saying, like that was already half of

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Speaker 7: the yearly salary.

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Speaker 4: Right. Yeah.

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Speaker 8: So at the time, at that time, prior to me

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Speaker 8: getting fired, I worked at the gas company here in Chicago,

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Speaker 8: and my salary gross I was making about like thirty

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Speaker 8: nine So you're thinking about I made about close to

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Speaker 8: twenty thousand in less than thirty days.

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Speaker 9: That was like, that was eye opening for me.

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Speaker 2: I guess.

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Speaker 3: That's powerful because a lot of times people are afraid

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Speaker 3: to leave their job. I pulled something the other day

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Speaker 3: like don't let well, a fear of losing fifty thousand

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Speaker 3: a year could stop you from making fifty thousand a month,

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Speaker 3: and you could break that down to anything, but like

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Speaker 3: your situation is like you actually was blessed to get

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Speaker 3: fired or lose your job. However you lost it because

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Speaker 3: it's like, let's say that you might have stayed in

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Speaker 3: that job making thirty thirty nine thousand, and it's like

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Speaker 3: a lot of times people are like scared to leave

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Speaker 3: and you would have never even knew that you could

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Speaker 3: possibly make twenty thousand a month. And then five years

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Speaker 3: from now you could be making one hundred thousand a month,

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Speaker 3: like you know what I mean. So it's crazy, but

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Speaker 3: I like that you guys supported each other and took

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Speaker 3: the leaf of faith because that's extremely important, especially in

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Speaker 3: a relationship. It's like, you know, you could you tell

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Speaker 3: your partner you lost your job, and it's like you

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Speaker 3: better get another one. Yeah, So, like what made you

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Speaker 3: have faith in him? And even like okay, like you know,

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Speaker 3: I'm gonna support you on being an entrepreneur. You guys

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Speaker 3: are entrepreneurs. I'm gonna support you on being an entrepreneur.

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Speaker 3: Like with no business backgrounds, you guys were entrepreneurs before that.

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Speaker 3: Like what made you have faith? Because you he said

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Speaker 3: you were the only person that really like really had faith.

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Speaker 3: So what made you have that faith?

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Speaker 8: Yeah? But sure, so I mean prior to you know,

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Speaker 8: Byron's entrepreneurial journey, Like you know, we were already i

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Speaker 8: guess quote unquote talking and dating before we got serious.

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Speaker 8: And at that time, like you said, he had a

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Speaker 8: good job, you know what I'm saying. So once we

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Speaker 8: got back linked up, at that point, he was going

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Speaker 8: through his hardships or whatever. But by that time we

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Speaker 8: had already built our friendship. We was already best friends.

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Speaker 8: So it's like, as a best friend, why would I

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Speaker 8: turn my back on him, you know what I'm saying,

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Speaker 8: Like I was. I was there for him through all

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Speaker 8: the hard situations that he went through in his life.

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Speaker 8: And then I feel like he was also there for

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Speaker 8: me because at the time I had just lost my job,

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Speaker 8: I was very stressed out. He was there picking me

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Speaker 8: off the floor, telling me every day like shar come on,

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Speaker 8: like we about to do this together, Like I'm thinking

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Speaker 8: about us now, our legacy, generational wealth. Like he was

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Speaker 8: feeding that into me every single day. It's like I

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Speaker 8: had no choice but to rock with it. Like you

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Speaker 8: don't get that every day, especially from a partner, from

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Speaker 8: a relate relationship.

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Speaker 9: Like that's powerful, good man.

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Speaker 4: It's it's like a lifetime movie.

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Speaker 2: Now, that's beautiful.

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Speaker 7: I mean, obviously you know I'm a married man, so

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Speaker 7: like I could relate to everything that you're saying, Like

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Speaker 7: having somebody that knows that whatever whatever I do is

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Speaker 7: for us, right, so like we all want so like

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Speaker 7: the decisions that I make or she makes, it's for

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Speaker 7: the betterment of us and our family, right the legacine.

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Speaker 4: So that's powerful. Shouting to y'all black love black.

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Speaker 3: So all right, So I don't think people fully understand,

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Speaker 3: like I said, especially like we come from New York

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Speaker 3: and but you actually told me that there's a lot

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Speaker 3: of mobile homes in New York. But like the New

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Speaker 3: York City area metropolitan area, and you know a lot

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Speaker 3: of listeners that may be from like cities, they don't

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Speaker 3: fully understand how big of an industry mobile parks homes are.

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Speaker 3: So I did some research. So there's twenty two million Americans

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Speaker 3: live in mobile homes, and so like, how lucrative is it?

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Speaker 3: Like on an ROI standpoint, how lucrative is the mobile

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Speaker 3: home industry?

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Speaker 5: Man?

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Speaker 6: Listen, it's the highest cash on cash return of any

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Speaker 6: real estate investing. Like I didn't believe it at first

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Speaker 6: until I'm gonna give example, our average returns are two

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Speaker 6: hundred and fifty ROI on per.

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Speaker 5: Deal that we do.

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Speaker 4: How long does it does?

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Speaker 6: See our normal turnaround in sixty days. Now we're to

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Speaker 6: the point that we flip a house, we flip in

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Speaker 6: less than fifteen days.

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Speaker 3: Wow, Okay, So all right, so since you said that

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Speaker 3: you can, you can you break down a deal and

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Speaker 3: like kind of explain like how does that work?

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Speaker 5: Cool?

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Speaker 6: So I'm gonna break down with a deal. So we

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Speaker 6: had a deal. We purchased a home for three thousand

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Speaker 6: dollars right in Indiana, and the home that it didn't

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Speaker 6: need any work from older lady. In most of the situations, right,

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Speaker 6: most people don't really know the value of their homes.

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Speaker 6: And three grand said cool. So what we did was

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Speaker 6: we say, you know what, we're gonna open up for sellarfar.

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Speaker 6: We're gonna help somebody get affordable housing in that area.

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Speaker 6: The average rent, we normally based it off the average rent,

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Speaker 6: it was eight hundred dollars, right, So we said, okay,

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Speaker 6: we're going to be comparable. Now in a park. If

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Speaker 6: you're doing mobile home investing in a park, the park

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Speaker 6: has lot rents just like HOA fees. Okay, so you

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Speaker 6: have to pay monthly those this park was it was

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Speaker 6: at three seventy two.

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Speaker 4: So all right, a lot feed what's the lot of fee?

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Speaker 6: So it's like an HOA fees. They're paying for the trash,

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Speaker 6: they're paying for just.

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Speaker 3: To stay stay on the actual so that the park

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Speaker 3: owns the land, so you own that if you can't

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Speaker 3: just park your mobile home anywhere. Now to be inside

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Speaker 3: of a license, like a park that has a permit,

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Speaker 3: and it's as like a okay, right, and.

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Speaker 6: So normally the ones that you drive, like the r vs,

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Speaker 6: those are different, right, you go, you can go take

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Speaker 6: drive those and go into a park and pay like

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Speaker 6: a fee. But normally the ones that you see are

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Speaker 6: kind of just like on actual like land, like those

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Speaker 6: right there.

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Speaker 5: Yeah, you can move those, but it's not costly.

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Speaker 6: Normally about two grand and so to move them depending

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Speaker 6: on how many miles. Okay, but in this case, so

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Speaker 6: we so we say, hey, you know what, We'll say

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Speaker 6: four twenty eight monthly.

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Speaker 5: Okay, So it was eight hundred bucks.

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Speaker 6: So how it did We put them on a sixty

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Speaker 6: month term because remember it's a mobile home is pretty

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Speaker 6: much a motor vehic on most states. It is not

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Speaker 6: actually real estate. It's real property unless you put it

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Speaker 6: in on land. So this particular deal, we're getting eight

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Speaker 6: hundred a month, we're getting cash flowing four twenty eight.

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Speaker 5: We put them on a sixty month term.

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Speaker 6: At the end of that sixty month term, that three

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Speaker 6: thousand we turned to twenty five thousand, was it twenty

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Speaker 6: five thousand, six twenty that's seven hundred percent return on

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Speaker 6: investment we created.

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Speaker 3: So the rent that you were guys were collecting was

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Speaker 3: four hundred a month for twenty twenty eight years.

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Speaker 4: And how much did you buy.

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Speaker 5: It for three thousand?

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Speaker 3: How how do you buy something for three thousand in charge?

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Speaker 3: How much were they they were paying eight hundred dollars

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Speaker 3: a month in rent?

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Speaker 4: Yes? Because how is that? How is that possible?

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Speaker 6: So with that we so instead of them renting an apartment, right,

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Speaker 6: because they get if they rent apartment for eight hundred dollars,

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Speaker 6: they got no equity in it. So we're providing this

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Speaker 6: is just equity in that house.

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Speaker 4: Right.

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Speaker 6: The thing is we buy it for so low, Right,

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Speaker 6: we don't necessarily have to say, Okay, we're gonna only

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Speaker 6: sell it for five thousand. Right, we still operate because

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Speaker 6: if you think about the number, it's still a house.

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Speaker 6: It's still a home for him. So a twenty at

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Speaker 6: the end of the day, a twenty five thousand dollars

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Speaker 6: house where you still gonna get other moving ready, twenty

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Speaker 6: five thousand dollars house.

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Speaker 3: So no, that's crazy. But I was just like, but

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Speaker 3: if why would somebody not just buy it on their own?

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Speaker 3: If they like, why would you rant for eight hundred

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Speaker 3: if it only cost three hundred three thousand to buy.

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Speaker 8: Yeah.

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Speaker 6: So the thing is for us being investors, it's almost

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Speaker 6: like we buyd off off market property.

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Speaker 2: Right.

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Speaker 6: The most people don't really know that, hey, I can

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Speaker 6: go get there, and if they do, they definitely take advantage.

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Speaker 4: Right.

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Speaker 6: For example, we have a house Chinese just sold this week.

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Speaker 6: We literally we got the house of four fifteen hundred.

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Speaker 6: We sold him him for six thousand. He's gonna move

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Speaker 6: the home. Right, We're still doing a favor. But then

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Speaker 6: at the same time we offer seller finance. We just

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Speaker 6: offered I usually I usually do anywhere from like eighteen dollars.

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Speaker 6: I look at it eighteen dollars to twenty five dollars

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Speaker 6: per square foot.

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Speaker 7: So you could actually with your finance and you can

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Speaker 7: have no money and get a home. Yes, interesting, so

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Speaker 7: I can, right, So like I go in, I have

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Speaker 7: no money, I'm like, yo, I want to get this home.

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Speaker 2: That's where you come in.

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Speaker 5: Yeah, yeah, And that's what I'm offering.

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Speaker 6: Because see the thing is, most banks don't lend to

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Speaker 6: mobile homes like they like Warren Buffett, he has two

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Speaker 6: lending companies. Because you understands Warren Buffet is in this

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Speaker 6: game on Clayton Homes.

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Speaker 4: Warren Buffett lends mobile homes.

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Speaker 6: Yeah, he owns Clayton Homes. That was acquisition he brought

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Speaker 6: in nineteen ninety seven. Clayton Homes is the largest like

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Speaker 6: manufactured home company in the country.

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Speaker 7: So banks don't give the loans because are they looking

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Speaker 7: at it as a like an honormobile loan?

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Speaker 2: Like how are they looking at it?

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Speaker 6: They looking at as a depreciating asset, where for us

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Speaker 6: we look at it as value.

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Speaker 3: So it's an appreciating asset because it has wills and

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Speaker 3: anything that wills depreciates, correct, So is that true?

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Speaker 6: Not nine? At the end of the day, for us,

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Speaker 6: we look at it we solve an affordable housing crisis, right,

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Speaker 6: Like that's the biggest thing.

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Speaker 5: Like cities, we know what.

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Speaker 6: The cost of living is going though all right, wages

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Speaker 6: are still staying the same, so people are getting pushed

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Speaker 6: out like we see it every day, like where it's gentrification,

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Speaker 6: people can't afford. So for us, it's like, hey, listen,

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Speaker 6: I get it. You've been living in this apartment for

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Speaker 6: the last five to six years. Why don't you get

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Speaker 6: your own asset?

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Speaker 4: Right?

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Speaker 6: Because at the end of it is you can do

404
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Speaker 6: the same thing. Most people that we educated buy house rooms.

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Speaker 6: We even teach them like, hey, this is how you

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Speaker 6: sell your home to get your money back or make

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Speaker 6: more on your home.

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Speaker 7: So where these mobile parks located in proximity to major cities? Right,

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Speaker 7: So we live in the New York tried state. How

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Speaker 7: many miles typically would a mobile park be located?

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Speaker 2: Right?

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Speaker 4: Good question.

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Speaker 5: So for you guys, I know you guys got one

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Speaker 5: in Staten Island.

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Speaker 2: I've been in New York.

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Speaker 7: We've been in New York our whole lives, Like I think,

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Speaker 7: I don't think I've ever been in stand.

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Speaker 8: And then we got a few students out in New

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Speaker 8: York and they normally work with parks in Jersey, so

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Speaker 8: they go over to Jersey.

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Speaker 6: Yeah, and about honestly, I would say about sixty miles

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Speaker 6: if you're willing to go upstate New York. I'm not

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Speaker 6: sure that the exact knowledge, but I know you guys

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Speaker 6: have a lot central and upstate New is there like.

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Speaker 7: A mandated distance like that the federal government will say

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Speaker 7: like this is the further dents you can go before

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Speaker 7: you create a park.

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Speaker 5: So here's the thing in modern days. So mobile home parks.

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Speaker 6: The reason why you don't see a lot of them

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Speaker 6: popping up right now because here's the reality. Taxes right

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Speaker 6: in America that cast on the average is like twelve

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Speaker 6: thousand and sent a kid to school. I'm gonna give

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Speaker 6: you guys, exam, I'm about to blow your mind real quick.

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Speaker 6: Our taxes on our mobile homes per year one hundred

435
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Speaker 6: and sixty dollars. Our taxes on our mobile homes in

436
00:18:28,400 --> 00:18:31,919
Speaker 6: Indiana thirty seven dollars for the year. So you got

437
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Speaker 6: to think about it. If you have a kid living, if

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Speaker 6: you got children, you got two children, and it costs

439
00:18:36,520 --> 00:18:38,880
Speaker 6: at least eleven ten thousand dollars a cent them to school,

440
00:18:39,359 --> 00:18:41,760
Speaker 6: that city is not eating from that. So cities really

441
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Speaker 6: don't really like mobile home parks because of the taxes. Wise,

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Speaker 6: and most mobile home parks they use in the city

443
00:18:46,560 --> 00:18:50,200
Speaker 6: water they sitting, they're using the city sewer. So and

444
00:18:50,240 --> 00:18:52,080
Speaker 6: you know, in that case, it's like, yeah, we're not

445
00:18:52,119 --> 00:18:53,600
Speaker 6: eating off that. We don't really like this.

446
00:18:53,640 --> 00:18:56,880
Speaker 4: Over here's more lunch money than always.

447
00:18:57,280 --> 00:19:00,639
Speaker 3: All right, here's a question. You live in a mobile home, right,

448
00:19:01,400 --> 00:19:03,359
Speaker 3: how do you what is it plumbing? How does that work?

449
00:19:03,920 --> 00:19:03,960
Speaker 8: So?

450
00:19:04,240 --> 00:19:07,280
Speaker 5: Like so everything is above ground. Everything is above ground.

451
00:19:07,320 --> 00:19:09,159
Speaker 6: So the cool thing is like you know, if you

452
00:19:09,240 --> 00:19:12,119
Speaker 6: need something fixed, they can go under the actual mobile

453
00:19:12,119 --> 00:19:13,080
Speaker 6: home to repair.

454
00:19:13,680 --> 00:19:16,600
Speaker 3: So but like your actual like you go to the

455
00:19:16,600 --> 00:19:19,280
Speaker 3: bathroom and goes underneath the like where does that go?

456
00:19:19,640 --> 00:19:20,720
Speaker 2: Is it like a septic tank down?

457
00:19:21,000 --> 00:19:23,840
Speaker 6: So normally most parts So here's the thing. Most parts

458
00:19:23,880 --> 00:19:27,320
Speaker 6: either have they're hooked up to city sewer, so they

459
00:19:27,359 --> 00:19:28,960
Speaker 6: will have the hook up so it can go you know,

460
00:19:29,200 --> 00:19:31,760
Speaker 6: along with the city, or they have septic tanks.

461
00:19:32,240 --> 00:19:35,359
Speaker 3: Okay, so like if it comes from your truck or

462
00:19:35,359 --> 00:19:38,080
Speaker 3: your your mobile home into like a underground thing.

463
00:19:39,600 --> 00:19:39,879
Speaker 4: Hm.

464
00:19:40,160 --> 00:19:43,160
Speaker 3: So all right, so if the taxes is so low, right,

465
00:19:43,280 --> 00:19:44,640
Speaker 3: so what's the what's the gig?

466
00:19:44,680 --> 00:19:49,080
Speaker 4: Because it has to like what's going on?

467
00:19:49,240 --> 00:19:52,120
Speaker 3: So all right, the taxes a low. You can buy

468
00:19:52,119 --> 00:19:54,120
Speaker 3: a home for low, you can sell it for high.

469
00:19:54,160 --> 00:19:56,920
Speaker 3: So why a why would any why?

470
00:19:56,920 --> 00:19:57,040
Speaker 5: Why?

471
00:19:57,320 --> 00:19:57,800
Speaker 4: What's why?

472
00:19:57,800 --> 00:19:59,520
Speaker 3: What's in it for the city or for the town

473
00:19:59,600 --> 00:20:04,560
Speaker 3: to actually house these places? And how come more people

474
00:20:04,720 --> 00:20:06,480
Speaker 3: aren't doing it?

475
00:20:07,200 --> 00:20:07,720
Speaker 5: Good question?

476
00:20:08,160 --> 00:20:11,800
Speaker 6: So I would say person that, well the first question

477
00:20:11,800 --> 00:20:15,320
Speaker 6: I'm gonna answer. You said, like, like why do cities

478
00:20:15,320 --> 00:20:17,960
Speaker 6: so most mobile home parks? Our grandfather in a lot

479
00:20:17,960 --> 00:20:20,840
Speaker 6: of them really popped up in the forties, fifties, sixties,

480
00:20:20,840 --> 00:20:24,720
Speaker 6: seventies begin because after the war, the government invested into

481
00:20:24,720 --> 00:20:27,800
Speaker 6: mobile homes right after they were using actually old war

482
00:20:27,840 --> 00:20:29,720
Speaker 6: planes and using the ten That's why most mobile homes

483
00:20:29,760 --> 00:20:32,119
Speaker 6: are kind of like that that aluminum they ended up had,

484
00:20:32,160 --> 00:20:33,959
Speaker 6: They had a certain plus of aluminum, so they like, yo,

485
00:20:33,960 --> 00:20:36,040
Speaker 6: how can we use this boom we build a house.

486
00:20:36,320 --> 00:20:38,919
Speaker 6: So that's why mobile homes actually really start going. So

487
00:20:38,960 --> 00:20:40,840
Speaker 6: in the seventies. One, like I said, once Hug got

488
00:20:40,840 --> 00:20:44,920
Speaker 6: involved in the seventies, that kind of depreciated, right, the

489
00:20:45,320 --> 00:20:47,240
Speaker 6: value of mobile homes because they want to point mobile

490
00:20:47,280 --> 00:20:48,560
Speaker 6: homes were the place to be.

491
00:20:48,640 --> 00:20:50,880
Speaker 4: Like you told me that. Yeah, it's like it used

492
00:20:50,880 --> 00:20:51,399
Speaker 4: to be luxury.

493
00:20:51,520 --> 00:20:53,480
Speaker 5: Yeah, and it was kind of like suburbia. Most mobile

494
00:20:53,480 --> 00:20:54,920
Speaker 5: homes are in rules like suburbia.

495
00:20:55,000 --> 00:20:56,480
Speaker 6: Right, if you go to a lot of mobile home parks,

496
00:20:56,480 --> 00:21:00,639
Speaker 6: they look like little I guess you can say suburban neighborhoods.

497
00:21:00,680 --> 00:21:04,720
Speaker 6: And once when Hug got involved, unfortunately thinking about the

498
00:21:04,760 --> 00:21:06,879
Speaker 6: next generation and people start moving back to the city,

499
00:21:07,760 --> 00:21:09,960
Speaker 6: it just kind of took the value down. So it

500
00:21:10,040 --> 00:21:13,240
Speaker 6: was a need for affordable housing. But with cities these

501
00:21:13,320 --> 00:21:16,120
Speaker 6: places were definitely grandfathered in. It's a lot of cities

502
00:21:16,160 --> 00:21:18,679
Speaker 6: that for example, let's say an owner actually sells a

503
00:21:18,680 --> 00:21:21,520
Speaker 6: mobile home park, sometimes they're like, yo, that's inhabitable, Like

504
00:21:21,560 --> 00:21:23,240
Speaker 6: they don't because they don't really want because they don't

505
00:21:23,280 --> 00:21:25,400
Speaker 6: really benefit from the mobile home park.

506
00:21:25,520 --> 00:21:28,160
Speaker 3: So when did when did mobile homes get the bad

507
00:21:28,280 --> 00:21:31,040
Speaker 3: name of like trailer parks and trailer home Like when

508
00:21:31,080 --> 00:21:33,879
Speaker 3: did that shift? Because you said at first it was

509
00:21:33,960 --> 00:21:37,240
Speaker 3: luxury and then it obviously it kind of got tarnished

510
00:21:37,280 --> 00:21:40,320
Speaker 3: and people have bad ideas when they think about that.

511
00:21:40,359 --> 00:21:42,800
Speaker 3: So like, at what point did that even like you said,

512
00:21:42,800 --> 00:21:45,600
Speaker 3: like trailer park trash stuff like that, how did that happen?

513
00:21:46,200 --> 00:21:48,040
Speaker 5: So to my knowledge, it was an article.

514
00:21:48,280 --> 00:21:50,560
Speaker 6: I'm not sure the exact year, but I think I

515
00:21:50,600 --> 00:21:53,040
Speaker 6: know it was like in the late sixties and somebody

516
00:21:53,080 --> 00:21:56,920
Speaker 6: had wrote a newspaper article about trailer trash and that

517
00:21:57,040 --> 00:21:59,080
Speaker 6: just kind of stuck. The name just kind of stuck,

518
00:21:59,200 --> 00:22:00,399
Speaker 6: and then of course moved play out.

519
00:22:00,400 --> 00:22:03,400
Speaker 5: I think about horror movies, right, eight mile right.

520
00:22:04,040 --> 00:22:05,720
Speaker 7: I tell you, when y'all said mobile homes, the first

521
00:22:05,720 --> 00:22:09,480
Speaker 7: thing I thought was ozarks Yo, okay, must be similar

522
00:22:09,480 --> 00:22:09,760
Speaker 7: to that.

523
00:22:10,760 --> 00:22:12,600
Speaker 6: And so the ones they show on television or they

524
00:22:12,680 --> 00:22:14,919
Speaker 6: depict I look at it. Honestly, it's almost like in

525
00:22:14,960 --> 00:22:17,440
Speaker 6: the hood, right they depict like you know what they

526
00:22:17,800 --> 00:22:20,480
Speaker 6: for example, Chicago, they're going to depict on certain shows

527
00:22:20,800 --> 00:22:22,880
Speaker 6: that is just the gutter, you know what I mean.

528
00:22:22,960 --> 00:22:25,879
Speaker 6: But at the same time, it's very nice mobile home.

529
00:22:25,920 --> 00:22:28,040
Speaker 6: It's a luxury. People don't know. In San Francisco they

530
00:22:28,040 --> 00:22:31,320
Speaker 6: have a mobile home park that literally million dollars mobile

531
00:22:31,359 --> 00:22:33,600
Speaker 6: homes the same double wide that I can go purchase

532
00:22:33,640 --> 00:22:36,639
Speaker 6: for fifteen thousand, it's going for eight million dollars in

533
00:22:36,680 --> 00:22:37,040
Speaker 6: the area.

534
00:22:37,040 --> 00:22:37,680
Speaker 5: In San Francisco.

535
00:22:37,760 --> 00:22:39,439
Speaker 7: I saw Will Smith had a mobile home. It was

536
00:22:39,480 --> 00:22:41,840
Speaker 7: cause like two million. It was like a two story

537
00:22:42,040 --> 00:22:45,240
Speaker 7: mobile home. Travels like to movie sets with them.

538
00:22:45,320 --> 00:22:47,480
Speaker 3: Okay, yeah, that's dope. All right, So now we got

539
00:22:47,480 --> 00:22:49,280
Speaker 3: the backstories sitting down. In the second segment, we're going

540
00:22:49,320 --> 00:22:51,359
Speaker 3: to go into some details and go over terms and

541
00:22:52,000 --> 00:22:52,879
Speaker 3: key definitions.

542
00:22:53,640 --> 00:22:54,000
Speaker 4: All right.

543
00:22:54,160 --> 00:22:56,560
Speaker 3: So now we're gonna go over some key terms, definitions,

544
00:22:56,560 --> 00:22:59,639
Speaker 3: things that nature. But before I start, we talked about pricing.

545
00:22:59,680 --> 00:23:03,560
Speaker 3: But on average, since we're in Illinois, how much can

546
00:23:03,800 --> 00:23:05,840
Speaker 3: does a mobile home court on average?

547
00:23:06,720 --> 00:23:09,520
Speaker 6: So the average price in Illinois use mobile homes right

548
00:23:09,560 --> 00:23:13,320
Speaker 6: as seventy five hundred. So if you're looking for something new,

549
00:23:13,359 --> 00:23:15,040
Speaker 6: like if you get in a brand new home, they

550
00:23:15,040 --> 00:23:18,880
Speaker 6: can start it right at about like thirty five forty thousand,

551
00:23:19,160 --> 00:23:19,720
Speaker 6: all right.

552
00:23:19,800 --> 00:23:21,359
Speaker 7: And one of one of the things that the negative

553
00:23:21,400 --> 00:23:24,000
Speaker 7: connotations that go with mobile homes is that they're not safe.

554
00:23:24,000 --> 00:23:26,120
Speaker 2: So one of the questions I ask was like, how

555
00:23:26,200 --> 00:23:27,760
Speaker 2: safe are mobile homes? Man?

556
00:23:27,800 --> 00:23:28,560
Speaker 5: I love that question.

557
00:23:28,720 --> 00:23:32,080
Speaker 6: So, so mobile homes are actually since they're built in factories,

558
00:23:32,200 --> 00:23:36,960
Speaker 6: they're wind tested, they're built to last outstand tornadoes and

559
00:23:37,359 --> 00:23:39,040
Speaker 6: earthquakes and things like that.

560
00:23:39,119 --> 00:23:39,359
Speaker 4: Right.

561
00:23:39,440 --> 00:23:41,679
Speaker 6: The thing is unforcuning that you've seen maybe seeing in

562
00:23:41,800 --> 00:23:43,560
Speaker 6: or so they may show they may show a mobile

563
00:23:43,560 --> 00:23:45,920
Speaker 6: home park with like three three tops, you know what

564
00:23:45,960 --> 00:23:47,600
Speaker 6: I'm saying, gone, But it's not.

565
00:23:47,600 --> 00:23:49,320
Speaker 5: Like you know, back, I think, what's the movie and

566
00:23:51,200 --> 00:23:51,879
Speaker 5: whatever it is?

567
00:23:51,920 --> 00:23:54,320
Speaker 6: But anyway, with the houses flying all the way around

568
00:23:54,320 --> 00:23:56,000
Speaker 6: and things like that, no, it's not like that they

569
00:23:56,040 --> 00:23:56,840
Speaker 6: actually built safe.

570
00:23:56,920 --> 00:23:58,080
Speaker 2: So what's the lifespan? Right?

571
00:23:58,119 --> 00:24:02,040
Speaker 7: So sometimes like you know, a brownstone like be built

572
00:24:02,080 --> 00:24:04,119
Speaker 7: in nineteen oh nine, what's the light span of a

573
00:24:04,119 --> 00:24:04,560
Speaker 7: mobile home?

574
00:24:04,760 --> 00:24:05,280
Speaker 5: Good question?

575
00:24:05,400 --> 00:24:10,240
Speaker 6: So the older ones, anything that's built after nineteen ninety

576
00:24:10,440 --> 00:24:12,440
Speaker 6: up to thirty years. The new ones are built to

577
00:24:12,520 --> 00:24:14,920
Speaker 6: last within forty five to fifty five years.

578
00:24:15,080 --> 00:24:17,919
Speaker 3: Okay, okay, So as far as you was explaining that

579
00:24:18,560 --> 00:24:23,760
Speaker 3: title right, and it's different from like when you buy

580
00:24:24,440 --> 00:24:28,040
Speaker 3: a home like a regular home and you have a deed,

581
00:24:28,320 --> 00:24:29,439
Speaker 3: So can you explain that the.

582
00:24:29,480 --> 00:24:31,159
Speaker 4: Process as far as like the title is a lot,

583
00:24:31,200 --> 00:24:32,760
Speaker 4: it's just it's easy to do it, right. Yeah.

584
00:24:33,400 --> 00:24:35,560
Speaker 8: Yeah. So as far as a mobile home, like, the

585
00:24:35,640 --> 00:24:38,320
Speaker 8: mobile home is considered a motor vehicle, so it's kind

586
00:24:38,359 --> 00:24:41,440
Speaker 8: of like a car. So when you are selling the asset,

587
00:24:41,720 --> 00:24:44,160
Speaker 8: you're just going down to the DMV or whatever your

588
00:24:44,200 --> 00:24:47,520
Speaker 8: motor vehicle department is in your state, and you're just

589
00:24:47,640 --> 00:24:48,800
Speaker 8: transferring that title.

590
00:24:49,359 --> 00:24:51,040
Speaker 4: That's it. Yeah, how long does it take?

591
00:24:51,720 --> 00:24:53,240
Speaker 9: About two weeks to come back?

592
00:24:53,560 --> 00:24:56,800
Speaker 3: So the closing, what's the typical closing from buying a

593
00:24:56,880 --> 00:24:59,440
Speaker 3: home and having it up and running.

594
00:24:59,240 --> 00:25:03,360
Speaker 8: Like yeah, so buy Honestly, it's like a day. I mean,

595
00:25:03,520 --> 00:25:06,280
Speaker 8: so you buying a home, you of course we're dealing

596
00:25:06,320 --> 00:25:08,520
Speaker 8: with the park, So we're gonna deal with the park manager.

597
00:25:08,880 --> 00:25:11,359
Speaker 8: Our buyer has to sign some paperwork with the park.

598
00:25:11,440 --> 00:25:13,639
Speaker 8: That's about thirty minutes to an hour that's signing the

599
00:25:13,720 --> 00:25:15,960
Speaker 8: lease for that lot rent that we talked about earlier.

600
00:25:16,280 --> 00:25:18,399
Speaker 8: After that, we normally take our buyers, we go to

601
00:25:18,440 --> 00:25:21,240
Speaker 8: the D and B together, we do that paperwork, transfer

602
00:25:21,280 --> 00:25:24,639
Speaker 8: the title. That's about again a fifteen minute process, and

603
00:25:24,680 --> 00:25:27,199
Speaker 8: then they'll send a title back in the mail. That

604
00:25:27,280 --> 00:25:29,480
Speaker 8: normally takes about two weeks, and then the new buyer

605
00:25:29,520 --> 00:25:31,720
Speaker 8: will get the title, they'll own the asset now, and

606
00:25:31,720 --> 00:25:33,120
Speaker 8: then we move on to the next deal.

607
00:25:35,000 --> 00:25:37,399
Speaker 7: Yeah, So one of the things that were doing some research,

608
00:25:37,440 --> 00:25:41,040
Speaker 7: it was like, there's a difference between modular homes and

609
00:25:41,160 --> 00:25:42,120
Speaker 7: manufactured homes.

610
00:25:42,160 --> 00:25:43,120
Speaker 2: What's the biggest difference.

611
00:25:43,400 --> 00:25:47,480
Speaker 6: So, mogul of homes, more times you see concrete base

612
00:25:47,520 --> 00:25:52,120
Speaker 6: where so they have like they are more applauded on cement, right,

613
00:25:52,280 --> 00:25:57,159
Speaker 6: whereas a manufacturing home is they're literally sitting on cinder blocks.

614
00:25:58,280 --> 00:26:00,400
Speaker 6: So that's why you see it's called skirting. You'll see

615
00:26:00,440 --> 00:26:04,399
Speaker 6: like like some vinyl that's like right around the bottom

616
00:26:04,400 --> 00:26:06,920
Speaker 6: of that, so that's what covers that. But the house

617
00:26:07,000 --> 00:26:08,760
Speaker 6: is actually sitting on cinder blocks.

618
00:26:09,560 --> 00:26:12,800
Speaker 3: So all right, what about insurance, like insurance for a

619
00:26:12,840 --> 00:26:16,680
Speaker 3: mobile home, is it different from insurance to a regular home?

620
00:26:16,800 --> 00:26:20,720
Speaker 3: Is it car insurance is it's actually transportation vehicle, Like,

621
00:26:20,720 --> 00:26:21,320
Speaker 3: how does that work?

622
00:26:24,000 --> 00:26:27,720
Speaker 9: Yeah, you literally can call, right, you literally can.

623
00:26:27,920 --> 00:26:30,920
Speaker 8: So when it comes through, mobile home insurance is very

624
00:26:30,960 --> 00:26:33,359
Speaker 8: similar to what you would get for homeowners insurance or

625
00:26:33,400 --> 00:26:36,760
Speaker 8: renters insurance. So you literally can call like Geico Stay Farmed,

626
00:26:36,800 --> 00:26:39,080
Speaker 8: like your normal insurance companies, and you let them know

627
00:26:39,119 --> 00:26:41,160
Speaker 8: like you would like to get insurance on your mobile home.

628
00:26:41,359 --> 00:26:43,560
Speaker 8: And the typical cost for that is about like fourteen

629
00:26:43,600 --> 00:26:45,760
Speaker 8: fifteen dollars a month, so kind of similar to what

630
00:26:45,800 --> 00:26:47,320
Speaker 8: you would pay for renters insurance.

631
00:26:47,480 --> 00:26:50,399
Speaker 7: Wow, So what's the process, because you said, like the

632
00:26:50,440 --> 00:26:52,520
Speaker 7: park owns the land, right, but you own the actual

633
00:26:52,520 --> 00:26:56,480
Speaker 7: mobile home. What's the actual process to getting your mobile

634
00:26:56,480 --> 00:26:57,680
Speaker 7: home into a park?

635
00:26:58,440 --> 00:27:01,880
Speaker 6: So that process you really looking for a mobile home

636
00:27:01,880 --> 00:27:02,760
Speaker 6: park owner.

637
00:27:02,480 --> 00:27:05,879
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666
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668
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669
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670
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671
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672
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673
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674
00:29:01,080 --> 00:29:04,400
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675
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676
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677
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678
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679
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680
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681
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682
00:29:23,320 --> 00:29:25,960
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683
00:29:26,080 --> 00:29:27,880
Speaker 6: Who's looking for houses and right now it's like a

684
00:29:27,920 --> 00:29:31,360
Speaker 6: gold rush, right like literally now out of the forty

685
00:29:31,360 --> 00:29:35,240
Speaker 6: four thousand mobile home parks, four well sorry, four thousand

686
00:29:35,320 --> 00:29:37,720
Speaker 6: are institutionally owned, mean like just corporations that own it.

687
00:29:38,000 --> 00:29:39,720
Speaker 6: But it's really like the wow away because they see

688
00:29:39,720 --> 00:29:42,239
Speaker 6: the opportunity cap rates are crazy on these things. So

689
00:29:42,720 --> 00:29:46,160
Speaker 6: for them, what's happening is you have literally call like

690
00:29:46,160 --> 00:29:48,400
Speaker 6: like bird dog watches. They're going to other people's parks

691
00:29:48,480 --> 00:29:50,680
Speaker 6: right from another owner. So let's say Rashad has this

692
00:29:50,760 --> 00:29:54,040
Speaker 6: park right now, he hires me to come in Troy's

693
00:29:54,080 --> 00:29:57,000
Speaker 6: park to scout out some Oftroy's houses to take back

694
00:29:57,040 --> 00:30:00,000
Speaker 6: to his park, like recruit.

695
00:30:03,040 --> 00:30:05,960
Speaker 3: Trust me bro So, like, what's some of the incentives

696
00:30:06,000 --> 00:30:10,840
Speaker 3: that a park a lot owner would say live in

697
00:30:10,840 --> 00:30:12,800
Speaker 3: this lot as opposed to living that lot.

698
00:30:13,560 --> 00:30:15,280
Speaker 6: So the one thing, the cooler thing in the newer

699
00:30:15,360 --> 00:30:17,600
Speaker 6: mobile home parks, what they're trying to really do is

700
00:30:17,720 --> 00:30:19,800
Speaker 6: make it a community based because that's one thing about

701
00:30:19,880 --> 00:30:22,320
Speaker 6: mobile home parks get a bad rap. It's a really

702
00:30:22,360 --> 00:30:26,280
Speaker 6: good community because everybody knows each other, right, So like

703
00:30:26,320 --> 00:30:28,560
Speaker 6: for example, it may be you know, amenities in the park.

704
00:30:28,600 --> 00:30:31,880
Speaker 6: We got parts, they got swimming pools and basketball.

705
00:30:31,280 --> 00:30:35,720
Speaker 4: Courts in the mobile home park and yeah, yeah.

706
00:30:35,840 --> 00:30:40,640
Speaker 6: It's like exactly yeah, And so it's really just an

707
00:30:40,640 --> 00:30:42,400
Speaker 6: amenities like what can this park provide?

708
00:30:42,520 --> 00:30:42,680
Speaker 2: Right?

709
00:30:42,720 --> 00:30:44,880
Speaker 6: Like like one park, I love it because they give

710
00:30:44,920 --> 00:30:48,000
Speaker 6: beautification awards for whoever has the best line, right some

711
00:30:48,080 --> 00:30:50,920
Speaker 6: parks are pretty much like a concrete jungle. Are on concrete,

712
00:30:50,920 --> 00:30:52,760
Speaker 6: but a lot of parts are I mean you have

713
00:30:52,880 --> 00:30:56,960
Speaker 6: like huge backyards, gated fences and garages and like you'll

714
00:30:57,000 --> 00:30:59,040
Speaker 6: be surprised at seeing some of the way this stuff

715
00:30:59,120 --> 00:30:59,680
Speaker 6: is developed.

716
00:30:59,760 --> 00:31:02,200
Speaker 3: So all right, so you have a mobile home, you

717
00:31:02,720 --> 00:31:05,120
Speaker 3: put it in a lot, but that a lot has

718
00:31:05,160 --> 00:31:07,320
Speaker 3: a backyard and all that, So you have to pay

719
00:31:07,320 --> 00:31:08,280
Speaker 3: for that backyard.

720
00:31:08,600 --> 00:31:11,200
Speaker 4: Is that part of just the lot fee? Like, how

721
00:31:11,200 --> 00:31:11,800
Speaker 4: does that work?

722
00:31:11,920 --> 00:31:13,680
Speaker 5: Yep, that's part of your lot fee.

723
00:31:13,800 --> 00:31:16,160
Speaker 6: I look I equivalent to almost like taxes, right because

724
00:31:16,160 --> 00:31:18,640
Speaker 6: I know here in Chicago, depending on single family home,

725
00:31:18,680 --> 00:31:21,840
Speaker 6: you may be paying anywhere from three grand and six

726
00:31:21,920 --> 00:31:24,120
Speaker 6: grand on your taxes, right, I look at it, that's

727
00:31:24,120 --> 00:31:25,760
Speaker 6: the same as taxes if you kind of if you

728
00:31:25,760 --> 00:31:28,160
Speaker 6: add that number, if you're paying three seventy five, you

729
00:31:28,160 --> 00:31:30,240
Speaker 6: know a month when you look at the yearly, it's

730
00:31:30,280 --> 00:31:32,200
Speaker 6: pretty much still in line with taxes.

731
00:31:32,200 --> 00:31:33,680
Speaker 5: And some people pay in their cities.

732
00:31:33,800 --> 00:31:34,640
Speaker 2: So in real.

733
00:31:34,520 --> 00:31:39,320
Speaker 7: Estate, you know when people have multiple units, multiple assets,

734
00:31:39,320 --> 00:31:42,280
Speaker 7: they have property managers. In the mobile home game, you'll

735
00:31:42,320 --> 00:31:45,640
Speaker 7: have park managers. Is it similar to what's the differences

736
00:31:45,960 --> 00:31:46,800
Speaker 7: in those two roles?

737
00:31:47,240 --> 00:31:50,440
Speaker 6: So the park manager's role is really to oversee the park.

738
00:31:50,560 --> 00:31:54,080
Speaker 6: For example, you know, make sure they's filling houses. You know,

739
00:31:54,320 --> 00:31:56,560
Speaker 6: somebody's not paying their lot rent, make sure they send

740
00:31:56,600 --> 00:31:59,800
Speaker 6: them their notices. A lot of parks have staff, so

741
00:31:59,840 --> 00:32:02,920
Speaker 6: they have other handymen on the park. But the cool

742
00:32:02,920 --> 00:32:06,080
Speaker 6: thing about it is they're not really most parts, don't.

743
00:32:06,080 --> 00:32:09,160
Speaker 6: They do rentals, but they're not let's just say, like

744
00:32:09,320 --> 00:32:10,640
Speaker 6: fixing everything in the house.

745
00:32:10,760 --> 00:32:11,520
Speaker 5: Should you say that?

746
00:32:11,640 --> 00:32:13,160
Speaker 4: Okay, that's so all right.

747
00:32:13,200 --> 00:32:16,480
Speaker 3: So there's two types of communities, right, there's age restricted

748
00:32:16,520 --> 00:32:18,880
Speaker 3: in family communities, yes, can you explain that?

749
00:32:19,800 --> 00:32:22,600
Speaker 8: Yeah, so all age community would be like, you know,

750
00:32:22,800 --> 00:32:25,920
Speaker 8: eighteen to really all ages. The restricted ones is the

751
00:32:25,960 --> 00:32:28,560
Speaker 8: more they're normally fifty five and older, so it's more

752
00:32:28,600 --> 00:32:32,720
Speaker 8: so retirement communities. And you normally see those like down

753
00:32:32,760 --> 00:32:38,840
Speaker 8: south Florida West Coast, like Arizona, California, Las Vegas, like

754
00:32:38,880 --> 00:32:41,680
Speaker 8: you'll see the more restricted communities in those areas.

755
00:32:42,320 --> 00:32:45,200
Speaker 3: Okay, so how many people, like how many homes are

756
00:32:45,240 --> 00:32:48,360
Speaker 3: in a typical community.

757
00:32:47,400 --> 00:32:48,040
Speaker 5: So it varies.

758
00:32:48,040 --> 00:32:50,959
Speaker 6: It could be anywhere from thirty upwards to five hundred homes.

759
00:32:50,960 --> 00:32:53,480
Speaker 6: It really just depends on that particular park.

760
00:32:54,000 --> 00:32:56,120
Speaker 7: And you said that they don't depart, manager doesn't come

761
00:32:56,160 --> 00:32:59,200
Speaker 7: around to collect rent. Right, So what's the process when

762
00:32:59,200 --> 00:33:01,800
Speaker 7: somebody doesn't pay? Is it the eviction process? Are the

763
00:33:01,880 --> 00:33:04,760
Speaker 7: deadlines the same as state regulator? Or is it faster

764
00:33:04,800 --> 00:33:05,480
Speaker 7: for mobile homes?

765
00:33:05,920 --> 00:33:09,520
Speaker 6: Honestly, from what we see, parks don't play no games. Now,

766
00:33:09,920 --> 00:33:11,640
Speaker 6: Like I'm gonna say this, Like most parks that we

767
00:33:11,720 --> 00:33:14,080
Speaker 6: deal with, they give you ten days. Do you get

768
00:33:14,120 --> 00:33:15,880
Speaker 6: a ten day notice? And then after that, I mean

769
00:33:15,920 --> 00:33:19,200
Speaker 6: you can definitely pay. But if you're past that thirty days,

770
00:33:19,360 --> 00:33:22,800
Speaker 6: they got paperwork already and they starting that eviction process.

771
00:33:23,120 --> 00:33:23,400
Speaker 4: Wow.

772
00:33:23,600 --> 00:33:27,440
Speaker 3: So all right, what's the maintenance on mobile homes? Is

773
00:33:27,480 --> 00:33:29,080
Speaker 3: it car maintenance?

774
00:33:29,360 --> 00:33:29,600
Speaker 4: Is it?

775
00:33:29,800 --> 00:33:32,040
Speaker 3: House maintenance? Is the combination of bob you have to

776
00:33:32,120 --> 00:33:35,760
Speaker 3: change the oil? Like, what's the deal with that?

777
00:33:36,640 --> 00:33:36,800
Speaker 11: Bro?

778
00:33:38,960 --> 00:33:40,960
Speaker 5: So I mean literally like regular house maintenance.

779
00:33:41,040 --> 00:33:41,120
Speaker 2: Right.

780
00:33:41,160 --> 00:33:43,880
Speaker 6: The cool thing about a mobile home all the materials

781
00:33:43,960 --> 00:33:47,600
Speaker 6: are much cheaper than a traditional house, right, break and mortar,

782
00:33:47,800 --> 00:33:50,880
Speaker 6: because you're dealing with most houses come with you know,

783
00:33:51,320 --> 00:33:54,560
Speaker 6: vinyl floors, it coming with they say wall board instead

784
00:33:54,560 --> 00:33:57,960
Speaker 6: of dry wall. So mostly your materials are are cheaper.

785
00:33:58,560 --> 00:34:00,160
Speaker 6: So like mainness, I I tell people, if you on

786
00:34:00,200 --> 00:34:02,960
Speaker 6: a full rehab on a mobile let's say a full

787
00:34:03,120 --> 00:34:05,440
Speaker 6: gut twelve grand.

788
00:34:06,280 --> 00:34:10,480
Speaker 4: So speaking of that, so you said fix fixed out,

789
00:34:10,520 --> 00:34:11,640
Speaker 4: So I took.

790
00:34:11,480 --> 00:34:16,799
Speaker 3: Some notes vinyl, it's real rock, it's foam installated, uh,

791
00:34:17,000 --> 00:34:20,400
Speaker 3: cinder block. So like, all right, you're you're fixing up

792
00:34:20,440 --> 00:34:23,880
Speaker 3: and your your rebuilding.

793
00:34:23,280 --> 00:34:25,959
Speaker 4: A mobile home. Right, how does that work?

794
00:34:26,000 --> 00:34:27,880
Speaker 3: Like you get a contractor to do that, and like

795
00:34:28,000 --> 00:34:30,200
Speaker 3: how like what's the how do you do that?

796
00:34:30,239 --> 00:34:32,600
Speaker 4: Like is it just like a regular home or so you.

797
00:34:32,520 --> 00:34:34,839
Speaker 5: Can here's the thing. You can get a contractor.

798
00:34:35,760 --> 00:34:38,520
Speaker 6: But there's a lot of people, a lot of mobile

799
00:34:38,560 --> 00:34:41,120
Speaker 6: homes that use special contractors. Right, they just do mobile

800
00:34:41,120 --> 00:34:43,480
Speaker 6: homes because a lot of the main well, the maintenance

801
00:34:43,480 --> 00:34:46,400
Speaker 6: a lot of times cheaper, and the materials are cheaper.

802
00:34:46,800 --> 00:34:49,240
Speaker 6: If I take somebody who has been doing all single

803
00:34:49,239 --> 00:34:51,200
Speaker 6: family houses rehab, he comes to my mobile home, he

804
00:34:51,280 --> 00:34:52,319
Speaker 6: trust me, my price is gonna be a.

805
00:34:52,280 --> 00:34:53,520
Speaker 5: Little bit highercause what he used to.

806
00:34:53,719 --> 00:34:53,879
Speaker 2: Right.

807
00:34:55,280 --> 00:34:57,440
Speaker 6: But at the same time, we call him handyman. We

808
00:34:57,520 --> 00:35:00,440
Speaker 6: got like a team of literally five guys, and when

809
00:35:00,480 --> 00:35:01,959
Speaker 6: we need to rehab, we call them.

810
00:35:02,200 --> 00:35:02,960
Speaker 5: They go ahead and do it.

811
00:35:03,000 --> 00:35:05,759
Speaker 6: And the biggest thing for us, like man, shout out

812
00:35:05,800 --> 00:35:07,920
Speaker 6: to my guy, packet Hood of States. But just like

813
00:35:08,040 --> 00:35:10,520
Speaker 6: we keep it clean, safe and functional. That's our biggest thing,

814
00:35:10,520 --> 00:35:12,480
Speaker 6: and that's his. We actually learned that model from him.

815
00:35:12,600 --> 00:35:16,279
Speaker 6: Clean safe, clean, safe and functional and longest that's our

816
00:35:16,280 --> 00:35:17,880
Speaker 6: biggest thing. Like we're not coming in there trying to

817
00:35:17,880 --> 00:35:20,880
Speaker 6: do a bogus job because you have people mobile homes.

818
00:35:20,640 --> 00:35:23,560
Speaker 5: Don't have inspections really like that, can you talk about that?

819
00:35:23,719 --> 00:35:24,000
Speaker 4: Yeah?

820
00:35:24,040 --> 00:35:27,160
Speaker 6: So it's really like again, since it's a it's a

821
00:35:28,000 --> 00:35:31,319
Speaker 6: motor vehicle, asset is not as strenuous as a house

822
00:35:31,360 --> 00:35:35,359
Speaker 6: like a process exactly exactly. And that's why for us,

823
00:35:35,360 --> 00:35:37,160
Speaker 6: it's like, yo, we add this value because we're not

824
00:35:37,200 --> 00:35:38,960
Speaker 6: gonna let nobody come in and tell us like, no, wait,

825
00:35:39,000 --> 00:35:42,880
Speaker 6: this is only worth four grand, like no.

826
00:35:46,080 --> 00:35:48,600
Speaker 3: So as far as like getting started, right, how much

827
00:35:48,640 --> 00:35:52,400
Speaker 3: money do you need to get started in the mobile

828
00:35:52,400 --> 00:35:55,000
Speaker 3: home real estate industry?

829
00:35:55,320 --> 00:35:57,960
Speaker 8: I mean really, we always tell our students like little

830
00:35:58,000 --> 00:36:00,759
Speaker 8: to no money. It really just depends on your market

831
00:36:00,880 --> 00:36:03,759
Speaker 8: and really just how you're prospecting. You can literally like

832
00:36:03,800 --> 00:36:05,920
Speaker 8: for me and Buyron, we don't really touch anything over

833
00:36:06,040 --> 00:36:08,600
Speaker 8: five thousand. That's the strategy that we have created and

834
00:36:08,640 --> 00:36:11,440
Speaker 8: stuck with. But even in like the higher markets like

835
00:36:11,480 --> 00:36:14,080
Speaker 8: we always say, like you can wholesale mobile homes, like

836
00:36:14,160 --> 00:36:17,080
Speaker 8: you can still literally go in and still we call

837
00:36:17,120 --> 00:36:19,560
Speaker 8: it like being that helper in the situation and helping

838
00:36:19,560 --> 00:36:22,400
Speaker 8: a family to sell their home. And then again you're

839
00:36:22,440 --> 00:36:24,480
Speaker 8: going in with no money down. You're just now just

840
00:36:24,640 --> 00:36:27,000
Speaker 8: marketing the home and then taking the profit off that

841
00:36:27,080 --> 00:36:28,880
Speaker 8: and then still making sure that they get the amount

842
00:36:28,880 --> 00:36:29,560
Speaker 8: that they're looking for.

843
00:36:30,080 --> 00:36:32,120
Speaker 3: So how does the whole saling because I know anybody's

844
00:36:32,120 --> 00:36:34,000
Speaker 3: not familiar with whole sealing real estate, It's like you're

845
00:36:34,000 --> 00:36:35,879
Speaker 3: pretty much like the middle man. You never actually own

846
00:36:35,960 --> 00:36:38,040
Speaker 3: the home, but you can make a profit. It's like

847
00:36:38,040 --> 00:36:40,480
Speaker 3: if Troy wants to buy a home and you want

848
00:36:40,480 --> 00:36:42,239
Speaker 3: to swim with sell home. You want to buy a home,

849
00:36:42,520 --> 00:36:44,160
Speaker 3: and then I can come in and be like the

850
00:36:44,200 --> 00:36:47,120
Speaker 3: middle person and then make like ten thousand and fifteen thousand,

851
00:36:47,160 --> 00:36:49,239
Speaker 3: and I don't wait do any work. There's no risk,

852
00:36:49,280 --> 00:36:51,839
Speaker 3: there's no money that I put up anything. Is it

853
00:36:51,880 --> 00:36:54,000
Speaker 3: the same process for mobile homes.

854
00:36:53,800 --> 00:36:56,960
Speaker 6: Yes, exact same process. You know you can put them

855
00:36:57,000 --> 00:36:59,600
Speaker 6: on the contract and the reality of it right now

856
00:37:00,400 --> 00:37:05,000
Speaker 6: in this market, it's really no competition that it's wide

857
00:37:05,080 --> 00:37:07,480
Speaker 6: or like we're in Illinois, we only like that. We

858
00:37:07,640 --> 00:37:10,920
Speaker 6: personally we know of ten other investors, but we've only

859
00:37:11,120 --> 00:37:15,320
Speaker 6: met two and out of those and the newer ones

860
00:37:15,360 --> 00:37:16,480
Speaker 6: are our students.

861
00:37:16,640 --> 00:37:17,000
Speaker 4: Wow.

862
00:37:17,560 --> 00:37:20,200
Speaker 7: So as you're talking, I'm thinking to myself, Right, yeah,

863
00:37:20,200 --> 00:37:23,000
Speaker 7: it's cool to get the mobile home, right, but you

864
00:37:23,080 --> 00:37:26,040
Speaker 7: said that the person that owns the land is the

865
00:37:26,040 --> 00:37:28,359
Speaker 7: one who makes the proper How do I go about

866
00:37:28,400 --> 00:37:30,200
Speaker 7: getting land? Do I have to buy a lot and

867
00:37:30,239 --> 00:37:32,120
Speaker 7: then get lightn sent and have mobile homes on it?

868
00:37:32,160 --> 00:37:32,279
Speaker 4: Like?

869
00:37:32,560 --> 00:37:33,520
Speaker 2: What's that process?

870
00:37:33,760 --> 00:37:34,319
Speaker 5: So that's dope.

871
00:37:34,320 --> 00:37:35,600
Speaker 6: So for example, let's say we get a lot of

872
00:37:35,600 --> 00:37:37,920
Speaker 6: people like, Yo, I got like thirty acres down in Mississippi, Like,

873
00:37:37,960 --> 00:37:38,759
Speaker 6: can I put homes on it?

874
00:37:38,760 --> 00:37:40,759
Speaker 5: It's like, yes, yes you can.

875
00:37:40,880 --> 00:37:44,000
Speaker 6: You know, like honestly, if it's your land, yeah, I

876
00:37:44,000 --> 00:37:46,359
Speaker 6: mean the biggest thing is like, for example, let's say

877
00:37:46,360 --> 00:37:48,520
Speaker 6: you just got raw land, right, So yeah, now you're

878
00:37:48,520 --> 00:37:49,920
Speaker 6: gonna have to get septic and you're gonna have to

879
00:37:49,920 --> 00:37:52,160
Speaker 6: get the whale system installed on the high end that

880
00:37:52,200 --> 00:37:54,040
Speaker 6: can run you up to like twenty two thousand on

881
00:37:54,040 --> 00:37:56,120
Speaker 6: the low end, you get all that installed, I hope

882
00:37:56,160 --> 00:37:57,960
Speaker 6: you stay under ten that'll be perfect. But let's say

883
00:37:57,960 --> 00:38:00,800
Speaker 6: twelve five right now, move in the house, depending on

884
00:38:00,840 --> 00:38:04,240
Speaker 6: where you're moving it from a lot of moving companies

885
00:38:04,239 --> 00:38:06,839
Speaker 6: start off right about that thousand range. Longest it's under

886
00:38:06,920 --> 00:38:08,279
Speaker 6: one hundred miles, depending.

887
00:38:08,040 --> 00:38:10,000
Speaker 5: On what it is. Let's say on a high end,

888
00:38:10,280 --> 00:38:12,440
Speaker 5: your move is five thousand.

889
00:38:12,520 --> 00:38:12,719
Speaker 4: Right.

890
00:38:12,960 --> 00:38:15,680
Speaker 6: You still you look, Let's say you all in thirty thousand, right,

891
00:38:15,760 --> 00:38:16,960
Speaker 6: Now you go get a house. You want to get

892
00:38:16,960 --> 00:38:19,200
Speaker 6: a brand new house. Now you all in. Let's say

893
00:38:19,200 --> 00:38:22,319
Speaker 6: you got another forty thousand, right, So you're still under

894
00:38:22,360 --> 00:38:25,160
Speaker 6: one hundred thousand dollars, right, and think about this. Now

895
00:38:25,239 --> 00:38:26,680
Speaker 6: you can become the bank. Right, you can eat a

896
00:38:26,760 --> 00:38:29,759
Speaker 6: lease that land out forever, or you can just either

897
00:38:29,760 --> 00:38:32,080
Speaker 6: package that up and now sell the land in the house.

898
00:38:33,200 --> 00:38:37,200
Speaker 3: Okay, So for buying it, do you buy it in

899
00:38:38,040 --> 00:38:40,239
Speaker 3: an LLC or you just buy it like as a

900
00:38:40,239 --> 00:38:41,719
Speaker 3: regular person, Like, how do.

901
00:38:41,640 --> 00:38:42,080
Speaker 4: You do that?

902
00:38:42,520 --> 00:38:44,520
Speaker 6: So when we started with buying our person, but now

903
00:38:44,560 --> 00:38:46,239
Speaker 6: we purchase all our homes in LLC.

904
00:38:47,000 --> 00:38:48,959
Speaker 4: Why just from protection standpoint? Yes?

905
00:38:49,000 --> 00:38:50,239
Speaker 6: And then from there we go a head and roll

906
00:38:50,280 --> 00:38:51,960
Speaker 6: them in a trust.

907
00:38:52,000 --> 00:38:53,839
Speaker 4: Why can you talk about that the trust? Yeah?

908
00:38:53,840 --> 00:38:55,319
Speaker 5: And it's really just keeping your name off out.

909
00:38:55,320 --> 00:38:57,680
Speaker 6: We don't want people know how many assets we have

910
00:38:57,880 --> 00:39:00,120
Speaker 6: and I mean, we just learned from a mentor that, hey,

911
00:39:00,200 --> 00:39:02,120
Speaker 6: this is just an extra layer of protection.

912
00:39:01,840 --> 00:39:03,480
Speaker 2: For us small businessman.

913
00:39:04,560 --> 00:39:04,839
Speaker 4: You had.

914
00:39:05,120 --> 00:39:07,880
Speaker 3: I saw your Instagram page. You said one property you

915
00:39:07,880 --> 00:39:09,760
Speaker 3: could get one propert. I guess like in the area,

916
00:39:10,000 --> 00:39:12,120
Speaker 3: well somewhere I don't know where in America, but you

917
00:39:12,120 --> 00:39:14,520
Speaker 3: can get one property for forty five thousand dollars and

918
00:39:14,520 --> 00:39:16,759
Speaker 3: that could generate an income of eight hundred dollars a month.

919
00:39:16,840 --> 00:39:19,600
Speaker 3: Let's say, well you can get nine mobile homes for

920
00:39:19,600 --> 00:39:22,040
Speaker 3: forty five thousand, and that generates an income of twenty

921
00:39:22,040 --> 00:39:26,799
Speaker 3: seven hundred dollars a month. That's pretty impressive.

922
00:39:27,320 --> 00:39:32,279
Speaker 8: Yeah, profit margins, Yeah, yeah, So I actually made that post.

923
00:39:35,239 --> 00:39:37,520
Speaker 9: First, right, first lady of mobile homes.

924
00:39:37,920 --> 00:39:40,399
Speaker 8: But I definitely did that just to kind of show

925
00:39:40,440 --> 00:39:42,520
Speaker 8: the margins as far as you know, when we say,

926
00:39:42,560 --> 00:39:45,040
Speaker 8: like mobile homes is the highest cash on cash return

927
00:39:45,080 --> 00:39:47,800
Speaker 8: on any form of real estate. So in that specific example,

928
00:39:47,920 --> 00:39:50,040
Speaker 8: I kind of used the numbers that I got from

929
00:39:50,080 --> 00:39:52,160
Speaker 8: one of my relative friends who end up purchasing a

930
00:39:52,200 --> 00:39:55,319
Speaker 8: property for forty five thousand. In that situation, she was

931
00:39:55,320 --> 00:39:57,760
Speaker 8: a landlord. They were renting it out for eight thousand.

932
00:39:58,200 --> 00:40:01,000
Speaker 8: So in that case, again we all it's looking long term,

933
00:40:01,080 --> 00:40:05,200
Speaker 8: the sixty month terms, because we normally put our tended

934
00:40:05,239 --> 00:40:08,520
Speaker 8: buyers on seller finance for sixty months. So in that case,

935
00:40:08,560 --> 00:40:10,640
Speaker 8: if she's making in five years, she made a little

936
00:40:10,680 --> 00:40:12,840
Speaker 8: bit over forty five thousand, so kind of close to

937
00:40:12,880 --> 00:40:15,359
Speaker 8: like forty that forty eight thousand mark, So she made

938
00:40:15,360 --> 00:40:17,560
Speaker 8: her money back. But I took that same number and

939
00:40:17,560 --> 00:40:19,239
Speaker 8: I was like, look, let me compare that forty five

940
00:40:19,280 --> 00:40:21,399
Speaker 8: thousand to what you can do in the mobile home game.

941
00:40:21,800 --> 00:40:24,400
Speaker 8: So we're forty five thousand in the mobile home game. Again,

942
00:40:24,560 --> 00:40:26,880
Speaker 8: if you're sticking at that five thousand dollars range that

943
00:40:27,000 --> 00:40:31,439
Speaker 8: myself and Buyrons stick to, then yeah, nine houses, nine

944
00:40:31,480 --> 00:40:32,960
Speaker 8: houses for forty five thousand.

945
00:40:33,080 --> 00:40:33,279
Speaker 4: Right.

946
00:40:34,040 --> 00:40:36,480
Speaker 8: Remember we talked a little bit about earlier about that

947
00:40:36,560 --> 00:40:40,080
Speaker 8: seller finance putting our tenant buyers on payments. Now, if

948
00:40:40,120 --> 00:40:42,560
Speaker 8: you're putting them on payments for a minimum of three

949
00:40:42,680 --> 00:40:45,480
Speaker 8: hundred dollars a month, mind you, we're no landlords in

950
00:40:45,520 --> 00:40:48,680
Speaker 8: this situation, so we have no landlord responsibility.

951
00:40:48,680 --> 00:40:49,600
Speaker 9: We're playing the bank.

952
00:40:50,239 --> 00:40:53,080
Speaker 8: So in that three hundred dollars a month of nine homes,

953
00:40:53,200 --> 00:40:55,560
Speaker 8: you're looking at twenty seven hundred dollars a month. Again,

954
00:40:55,640 --> 00:40:59,680
Speaker 8: in cash flow, So you already tripling your cash flow profit.

955
00:41:00,040 --> 00:41:01,759
Speaker 8: So now let's look at five years. How much you're

956
00:41:01,760 --> 00:41:03,719
Speaker 8: looking to make in five years. Oh, it's like over

957
00:41:03,719 --> 00:41:04,960
Speaker 8: one hundred and sixty thousand.

958
00:41:05,040 --> 00:41:05,520
Speaker 9: I can't remember.

959
00:41:05,520 --> 00:41:07,520
Speaker 8: I think it's one hundred and sixty two thousand. So

960
00:41:07,600 --> 00:41:10,759
Speaker 8: you've tripled your initial investment investing in mobile homes. So

961
00:41:10,800 --> 00:41:13,040
Speaker 8: then it's like when people always ask us, like why

962
00:41:13,120 --> 00:41:14,440
Speaker 8: do y'all stick to mobile homes?

963
00:41:14,640 --> 00:41:15,320
Speaker 9: That's why?

964
00:41:15,760 --> 00:41:21,160
Speaker 5: Right, she knows a number that was impressible.

965
00:41:23,000 --> 00:41:25,280
Speaker 3: Yeah, in the next segment, we're going to talk about education,

966
00:41:25,520 --> 00:41:27,160
Speaker 3: and we're going to talk about scaling and a few

967
00:41:27,200 --> 00:41:29,920
Speaker 3: other things. All right, So in the last segment, we're

968
00:41:29,920 --> 00:41:32,439
Speaker 3: going to talk about education scaling. But before I start,

969
00:41:32,480 --> 00:41:35,279
Speaker 3: I want I just got a quick question. So all right,

970
00:41:35,320 --> 00:41:38,359
Speaker 3: there's three different Like there's different ways like realicitional real estate,

971
00:41:38,400 --> 00:41:41,239
Speaker 3: like you like buying whole and make money off of

972
00:41:41,320 --> 00:41:44,560
Speaker 3: cash flow, or you can you know, flip properties. Right,

973
00:41:44,840 --> 00:41:47,120
Speaker 3: So I know, right now your main focus is flipping.

974
00:41:47,160 --> 00:41:51,880
Speaker 3: But is there is there profit in buying and wholding

975
00:41:52,040 --> 00:41:55,799
Speaker 3: and getting like cash flow from mobile homes as well?

976
00:41:55,920 --> 00:41:56,120
Speaker 4: Oh?

977
00:41:56,200 --> 00:41:58,320
Speaker 6: Man, definitely. For example, Man, I got to give a

978
00:41:58,320 --> 00:42:00,239
Speaker 6: shout out to one of our students, Herald. But he's

979
00:42:00,239 --> 00:42:02,880
Speaker 6: down in Georgia and he purchased a mobile home for

980
00:42:02,880 --> 00:42:05,359
Speaker 6: fifteen hundred, put a thousand into it. And what he

981
00:42:05,400 --> 00:42:08,000
Speaker 6: did was he's an opportunity with truckers. He understand a

982
00:42:08,000 --> 00:42:10,399
Speaker 6: lot of guys say extended stays. So he running out

983
00:42:10,440 --> 00:42:13,520
Speaker 6: per room five hundred dollars per room of his mobile home. Right,

984
00:42:13,719 --> 00:42:15,279
Speaker 6: So think about it. He got his money back in

985
00:42:15,400 --> 00:42:17,680
Speaker 6: like three months. Now he making all profit. He just

986
00:42:17,719 --> 00:42:20,160
Speaker 6: created one thousand dollars cash flow. Well, I'll say this,

987
00:42:20,239 --> 00:42:22,240
Speaker 6: he paid I think his lot runs like three seventy

988
00:42:22,280 --> 00:42:25,520
Speaker 6: five right right in in that right around that range.

989
00:42:25,520 --> 00:42:27,399
Speaker 6: But at the same time you still bring it in close,

990
00:42:27,480 --> 00:42:30,560
Speaker 6: you know, over six hundred bucks a month just cash flow.

991
00:42:30,680 --> 00:42:33,919
Speaker 7: So the lot feed plus whatever your choice for rent,

992
00:42:33,960 --> 00:42:35,560
Speaker 7: that's what gives you the total rent price.

993
00:42:35,680 --> 00:42:36,000
Speaker 4: Correct.

994
00:42:36,040 --> 00:42:38,759
Speaker 3: Okay, So what's your what's what's your vision to scale? Like,

995
00:42:39,120 --> 00:42:42,319
Speaker 3: what's your what's your plans on scaling for your for

996
00:42:42,360 --> 00:42:44,000
Speaker 3: your personal business brand?

997
00:42:44,400 --> 00:42:47,600
Speaker 6: And so we definitely want mobile home parks. So the

998
00:42:47,760 --> 00:42:51,120
Speaker 6: larger goal with that is to get an acquisition where

999
00:42:51,120 --> 00:42:54,080
Speaker 6: we find somebody has a portfolio ten to twenty mobile

1000
00:42:54,080 --> 00:42:56,239
Speaker 6: home parks, just looking kind of just to retire, right

1001
00:42:57,160 --> 00:42:59,919
Speaker 6: and then pretty much purchased that portfolio and just build

1002
00:43:00,000 --> 00:43:01,920
Speaker 6: from there and really open up the floodgates for more

1003
00:43:01,960 --> 00:43:03,160
Speaker 6: people to invest in mobile homes?

1004
00:43:03,719 --> 00:43:06,120
Speaker 7: Is that just something like just being in an industry,

1005
00:43:06,160 --> 00:43:08,120
Speaker 7: You'll know, is there like a database you can see

1006
00:43:08,160 --> 00:43:11,240
Speaker 7: like these people own this amount of mobile parks?

1007
00:43:11,440 --> 00:43:11,600
Speaker 4: Right?

1008
00:43:11,640 --> 00:43:13,279
Speaker 6: So we've been doing our homework. We got the top

1009
00:43:13,320 --> 00:43:16,920
Speaker 6: one hundred companies that do it. Literally to be in

1010
00:43:16,920 --> 00:43:19,480
Speaker 6: the top one hundred. If you own over fifteen mobile

1011
00:43:19,480 --> 00:43:21,560
Speaker 6: home parks, you are in the top one hundred of

1012
00:43:21,640 --> 00:43:22,240
Speaker 6: the companies.

1013
00:43:23,320 --> 00:43:25,279
Speaker 4: How much does it cost for a mobile home park?

1014
00:43:25,640 --> 00:43:28,200
Speaker 6: So now the prices went up? I would say on

1015
00:43:28,239 --> 00:43:31,160
Speaker 6: an average for fifty paths plus, you're looking at it

1016
00:43:31,160 --> 00:43:33,360
Speaker 6: about like one point two depending on the region one

1017
00:43:33,400 --> 00:43:34,080
Speaker 6: point two mil.

1018
00:43:34,320 --> 00:43:36,520
Speaker 5: Two million really depends on the region.

1019
00:43:36,560 --> 00:43:36,680
Speaker 3: Right.

1020
00:43:36,680 --> 00:43:38,840
Speaker 5: I've seen parks for that has one hundred pass that

1021
00:43:38,960 --> 00:43:40,440
Speaker 5: was going for one point two.

1022
00:43:40,239 --> 00:43:42,800
Speaker 7: Milat is just the area that's designated for this Exactly

1023
00:43:43,280 --> 00:43:45,319
Speaker 7: how much revenue can that bring it on a year?

1024
00:43:46,000 --> 00:43:46,320
Speaker 4: Wow?

1025
00:43:46,400 --> 00:43:48,520
Speaker 5: So man, that's a great question.

1026
00:43:48,600 --> 00:43:51,719
Speaker 6: So for example, I look at it, if you have

1027
00:43:51,800 --> 00:43:54,640
Speaker 6: let's say you have two hundred paths, right, and then

1028
00:43:54,719 --> 00:43:58,799
Speaker 6: you're getting a you're getting four hundred bucks per pad

1029
00:43:58,880 --> 00:44:03,000
Speaker 6: normally most for a park to be occupied, fully occupied,

1030
00:44:03,040 --> 00:44:06,359
Speaker 6: you're looking at a good park. Ninety five percent ninety

1031
00:44:06,360 --> 00:44:08,239
Speaker 6: five percent of those houses are field.

1032
00:44:08,400 --> 00:44:10,000
Speaker 5: So if you look at your castle, I might pull

1033
00:44:10,040 --> 00:44:11,040
Speaker 5: out the calculated real quick.

1034
00:44:11,560 --> 00:44:17,879
Speaker 6: I heard you, dope, but no, I'll run head. But yeah,

1035
00:44:17,920 --> 00:44:20,680
Speaker 6: I mean I'm trying to think. But the cash law.

1036
00:44:21,040 --> 00:44:23,120
Speaker 6: I know I had some some parks that pretty much,

1037
00:44:23,120 --> 00:44:25,480
Speaker 6: but they're like netting per month in the you know,

1038
00:44:25,520 --> 00:44:29,759
Speaker 6: in six figure range and just net after everything. So

1039
00:44:30,000 --> 00:44:31,359
Speaker 6: I mean literally a lot of.

1040
00:44:31,880 --> 00:44:33,279
Speaker 3: Like after a year, you can probably get you a

1041
00:44:33,360 --> 00:44:36,480
Speaker 3: million back. Oh yeah, and then one hundred thousand let's

1042
00:44:36,480 --> 00:44:38,239
Speaker 3: stay on the low end, one hundred thousand a month

1043
00:44:38,760 --> 00:44:42,000
Speaker 3: you'd be making from that, yes, but like maintenance, you

1044
00:44:42,000 --> 00:44:43,719
Speaker 3: gotta have like maintenance keeping.

1045
00:44:43,480 --> 00:44:44,200
Speaker 5: All that maintenance.

1046
00:44:44,239 --> 00:44:44,479
Speaker 4: Guys.

1047
00:44:44,480 --> 00:44:45,920
Speaker 5: You may if you have a park manager.

1048
00:44:45,960 --> 00:44:48,960
Speaker 6: That comes with your costs of course taxes, right, But

1049
00:44:49,040 --> 00:44:51,080
Speaker 6: a lot of times if you the thing what I've

1050
00:44:51,160 --> 00:44:53,239
Speaker 6: learned about in the mobile home park, if you give

1051
00:44:53,320 --> 00:44:56,480
Speaker 6: your uh, if you give the tenants more responsibility, so

1052
00:44:56,560 --> 00:44:59,920
Speaker 6: they're responsible for water, they're responsible that's how you cut costs, so.

1053
00:45:00,160 --> 00:45:01,239
Speaker 2: The utilities up to them.

1054
00:45:01,400 --> 00:45:04,960
Speaker 3: Yes, right, okay, so you guys are teaching people how

1055
00:45:05,000 --> 00:45:07,120
Speaker 3: to get into the industry as well, right, how are

1056
00:45:07,120 --> 00:45:07,640
Speaker 3: you doing that?

1057
00:45:08,440 --> 00:45:08,560
Speaker 4: So?

1058
00:45:08,600 --> 00:45:11,279
Speaker 6: Man, we got several products, We got an ebook, we

1059
00:45:11,320 --> 00:45:14,960
Speaker 6: have an e course, we do group coaching, We do

1060
00:45:15,200 --> 00:45:18,279
Speaker 6: our free live webinar every Wednesday, just to kind of

1061
00:45:18,280 --> 00:45:20,759
Speaker 6: get people acclimated, because that's the biggest thing. Like we

1062
00:45:20,760 --> 00:45:23,080
Speaker 6: look at it like we wish somebody would have showed

1063
00:45:23,120 --> 00:45:26,640
Speaker 6: us this years ago. And then we see the opportunity

1064
00:45:26,640 --> 00:45:29,200
Speaker 6: and it's low competition. Like literally, I don't care if

1065
00:45:29,200 --> 00:45:31,520
Speaker 6: it's ten thousand people that started tomorrow, it's not gonna

1066
00:45:31,520 --> 00:45:32,479
Speaker 6: be saturated, all.

1067
00:45:32,400 --> 00:45:35,120
Speaker 7: Right, So y'all are selling people the mistakes that y'all

1068
00:45:35,120 --> 00:45:35,920
Speaker 7: made exactly.

1069
00:45:36,080 --> 00:45:37,520
Speaker 2: So being at y'all in.

1070
00:45:37,480 --> 00:45:39,040
Speaker 7: This industry and it was new to y'all, what are

1071
00:45:39,120 --> 00:45:41,839
Speaker 7: some of the mistakes that you made during your first deal?

1072
00:45:42,960 --> 00:45:46,200
Speaker 8: Well, I would say one mistake we made being new investors.

1073
00:45:46,280 --> 00:45:49,120
Speaker 8: We was at a park and the park managers they

1074
00:45:49,160 --> 00:45:51,359
Speaker 8: were actually they had just brought the park as well,

1075
00:45:51,440 --> 00:45:53,640
Speaker 8: so it was new for them too, and they were

1076
00:45:53,680 --> 00:45:57,319
Speaker 8: showing us a house and you know, just talking, we

1077
00:45:57,360 --> 00:45:58,280
Speaker 8: actually made the mistay.

1078
00:45:58,320 --> 00:46:01,560
Speaker 9: Well it actually wasn't. We was Byron's.

1079
00:46:04,520 --> 00:46:08,600
Speaker 8: Right right to it, but he made the mistake of

1080
00:46:08,680 --> 00:46:12,040
Speaker 8: letting them know how much capital we had, right, so

1081
00:46:12,080 --> 00:46:13,960
Speaker 8: he ended up telling them like, oh, yeah, we got

1082
00:46:14,000 --> 00:46:19,239
Speaker 8: about ten thousand, right right. So of course you know

1083
00:46:19,560 --> 00:46:22,839
Speaker 8: they tried to well, we say fanessa us. They tried

1084
00:46:22,880 --> 00:46:26,120
Speaker 8: to faness us out of a deal and pretty much

1085
00:46:26,160 --> 00:46:28,359
Speaker 8: was showing us a home that we knew was only

1086
00:46:28,400 --> 00:46:30,440
Speaker 8: worth about maybe a couple of thousand, but he was

1087
00:46:30,440 --> 00:46:32,120
Speaker 8: trying to sell it to us for about I think

1088
00:46:32,160 --> 00:46:34,040
Speaker 8: four to five and then saying like we would say,

1089
00:46:34,040 --> 00:46:36,200
Speaker 8: I have to put another five into it for rehab,

1090
00:46:36,440 --> 00:46:38,799
Speaker 8: pretty much taking up all of our capital for our

1091
00:46:38,840 --> 00:46:42,120
Speaker 8: first deal. So we quickly learned like, yeah, you gotta

1092
00:46:42,200 --> 00:46:45,640
Speaker 8: hush your mouth when you're going out to invest, and

1093
00:46:45,880 --> 00:46:47,040
Speaker 8: you know some other mistakes.

1094
00:46:47,560 --> 00:46:49,839
Speaker 6: Bring us time, man, not winter rise in the house

1095
00:46:49,880 --> 00:46:53,799
Speaker 6: in the winter, like those pipes since they're above ground. Man,

1096
00:46:53,880 --> 00:46:57,000
Speaker 6: that was and it's not bad, like honestly, literally the

1097
00:46:57,000 --> 00:46:58,400
Speaker 6: first time I tried to go a cheap route, so

1098
00:46:58,400 --> 00:46:59,719
Speaker 6: I hired a guy told me he could do it

1099
00:46:59,719 --> 00:47:04,720
Speaker 6: for two fifty Plumbingah, let's go, and he just literally yeah,

1100
00:47:04,760 --> 00:47:06,840
Speaker 6: I've paid for it and then I had to pay another

1101
00:47:06,880 --> 00:47:09,800
Speaker 6: five but again seven hundred and fifty dollars for plumbing,

1102
00:47:10,400 --> 00:47:12,160
Speaker 6: right like where they do that?

1103
00:47:14,280 --> 00:47:17,240
Speaker 4: So what about lack of market rehouse?

1104
00:47:17,280 --> 00:47:18,400
Speaker 3: So that that was one of the mistakes that a

1105
00:47:18,440 --> 00:47:20,080
Speaker 3: person could make, right as far as like not knowing

1106
00:47:20,480 --> 00:47:20,920
Speaker 3: the market.

1107
00:47:21,280 --> 00:47:24,839
Speaker 6: We get so many dms of people that just maybe

1108
00:47:24,880 --> 00:47:26,960
Speaker 6: jump on a webinar or and I get it because

1109
00:47:27,000 --> 00:47:30,040
Speaker 6: it is exciting, right, but you still it's it's terms,

1110
00:47:30,120 --> 00:47:32,600
Speaker 6: and it's just it's not a lot, right. But if

1111
00:47:32,640 --> 00:47:34,600
Speaker 6: you try to jump in there and not really knowing,

1112
00:47:35,239 --> 00:47:37,160
Speaker 6: it can cost you more money because most people here,

1113
00:47:37,200 --> 00:47:38,719
Speaker 6: like man I can start with five thousand and then

1114
00:47:38,719 --> 00:47:41,320
Speaker 6: they'll take that five thousand and then and it's like, okay,

1115
00:47:41,320 --> 00:47:43,799
Speaker 6: well what about we always tell you the budget for

1116
00:47:43,880 --> 00:47:45,720
Speaker 6: a lot of rent, right, that's part of your expense.

1117
00:47:46,040 --> 00:47:48,600
Speaker 6: If we tell you negotiate a lot rent. Sometimes parkrounders

1118
00:47:48,680 --> 00:47:50,680
Speaker 6: may say, hey, you know what, like let us rehabits.

1119
00:47:50,719 --> 00:47:52,440
Speaker 6: We'll give you a month for two free. But if

1120
00:47:52,480 --> 00:47:54,480
Speaker 6: you're not, you still got to incorporate that into your costs.

1121
00:47:54,480 --> 00:47:56,920
Speaker 6: It can take you on a loan again six months

1122
00:47:56,920 --> 00:47:59,360
Speaker 6: to sell your house. Right, So you got to just

1123
00:47:59,400 --> 00:48:01,919
Speaker 6: incorporate the little cost that can add up.

1124
00:48:02,000 --> 00:48:03,799
Speaker 7: On the rental side when you're getting people to run.

1125
00:48:04,040 --> 00:48:06,640
Speaker 7: What's the turnover of people to tying in six monthies

1126
00:48:06,840 --> 00:48:09,040
Speaker 7: or like you said, some of the truckers do maybe

1127
00:48:09,080 --> 00:48:09,440
Speaker 7: a monthly.

1128
00:48:09,719 --> 00:48:10,360
Speaker 4: What's the turnover?

1129
00:48:11,200 --> 00:48:15,120
Speaker 6: So honestly, most people we realize that they're willing to

1130
00:48:15,160 --> 00:48:17,920
Speaker 6: they're willing to stay at five years max. And mobile

1131
00:48:17,920 --> 00:48:19,640
Speaker 6: home parks because you have to think about it, just like

1132
00:48:19,640 --> 00:48:21,279
Speaker 6: I look at like this. It's just like the hood, right.

1133
00:48:21,360 --> 00:48:23,280
Speaker 6: It's certain parts of the hood that's just the gutter

1134
00:48:23,760 --> 00:48:25,160
Speaker 6: that people know they want to make it out to

1135
00:48:25,200 --> 00:48:26,399
Speaker 6: and then they move to another part of the hood

1136
00:48:26,400 --> 00:48:28,000
Speaker 6: that's a little bit better, but they still want to

1137
00:48:28,000 --> 00:48:28,399
Speaker 6: move out.

1138
00:48:28,400 --> 00:48:29,480
Speaker 5: So it's levels to it.

1139
00:48:29,600 --> 00:48:32,360
Speaker 6: Right, Unless you were just in a in a mobile

1140
00:48:32,360 --> 00:48:34,880
Speaker 6: home park in Miami off the water, you probably not

1141
00:48:34,960 --> 00:48:36,120
Speaker 6: you know what I mean, Like you want to stay

1142
00:48:36,160 --> 00:48:37,200
Speaker 6: there for ten years plus?

1143
00:48:37,280 --> 00:48:37,520
Speaker 4: Right?

1144
00:48:37,920 --> 00:48:41,520
Speaker 6: But you know so honestly, for us, we provide anywhere

1145
00:48:41,600 --> 00:48:45,440
Speaker 6: from two upwards to ten years, but normally most of

1146
00:48:45,520 --> 00:48:48,200
Speaker 6: our average is like three to five years. But the turnover,

1147
00:48:48,800 --> 00:48:51,640
Speaker 6: we rarely get people that want to leave unless they're family.

1148
00:48:51,680 --> 00:48:54,320
Speaker 6: Like for example, we had a family that a couple,

1149
00:48:54,400 --> 00:48:57,120
Speaker 6: they respecting that third child, so you know they need

1150
00:48:57,160 --> 00:49:00,480
Speaker 6: more space now, so in that case, but normally they're

1151
00:49:00,480 --> 00:49:00,919
Speaker 6: gonna stay.

1152
00:49:01,400 --> 00:49:03,640
Speaker 3: So I saw on your page also you said that

1153
00:49:03,680 --> 00:49:07,160
Speaker 3: people mistake is buying high and selling low. Right, So

1154
00:49:07,920 --> 00:49:09,960
Speaker 3: all right, how do you like, Well, how has that

1155
00:49:09,960 --> 00:49:12,600
Speaker 3: happened in the in the in the mobile home world.

1156
00:49:13,080 --> 00:49:16,200
Speaker 6: Yeah, so I'm gonna say this profit is profit, but

1157
00:49:16,280 --> 00:49:17,759
Speaker 6: we I'm not gonna say we teach you how to

1158
00:49:17,800 --> 00:49:19,359
Speaker 6: be greedy, right, we teach you how.

1159
00:49:19,239 --> 00:49:20,680
Speaker 5: To make large returns.

1160
00:49:21,480 --> 00:49:23,560
Speaker 6: So yeah, for example, if I buy a house for

1161
00:49:23,600 --> 00:49:27,520
Speaker 6: ten thousand, and with our system, you know, you turn around,

1162
00:49:27,560 --> 00:49:29,400
Speaker 6: you only make two grand off or you make twelve.

1163
00:49:30,160 --> 00:49:32,000
Speaker 6: I'm happy for you that you made money, but it's

1164
00:49:32,080 --> 00:49:34,759
Speaker 6: just like you know, you left way more money on

1165
00:49:34,840 --> 00:49:36,800
Speaker 6: the table. So that's the way we look at it,

1166
00:49:36,840 --> 00:49:38,560
Speaker 6: especially if you look at the long term, right, like

1167
00:49:38,920 --> 00:49:41,080
Speaker 6: if when you do sell a finance again, if you

1168
00:49:41,120 --> 00:49:44,480
Speaker 6: take a minimum of three hundred dollars for sixty months,

1169
00:49:44,520 --> 00:49:45,480
Speaker 6: that's eighteen grand.

1170
00:49:46,120 --> 00:49:48,160
Speaker 3: So what got you into education? Like what made you

1171
00:49:48,200 --> 00:49:51,760
Speaker 3: want to spread awareness and teach people how to actually

1172
00:49:51,800 --> 00:49:52,160
Speaker 3: do this?

1173
00:49:53,320 --> 00:49:53,520
Speaker 4: Man?

1174
00:49:53,640 --> 00:49:56,480
Speaker 6: Be honest for myself like that was already my call,

1175
00:49:56,520 --> 00:49:59,160
Speaker 6: and I've been doing a lot of mentoring. I've already

1176
00:49:59,160 --> 00:50:01,920
Speaker 6: doing a lot of coaching, and honestly, God's hot. I

1177
00:50:02,000 --> 00:50:03,879
Speaker 6: never would have sold myself if God would have showed

1178
00:50:03,880 --> 00:50:06,319
Speaker 6: me the picture like yo, yeah, next year, you're about

1179
00:50:06,320 --> 00:50:07,279
Speaker 6: to be doing these mobile homes.

1180
00:50:08,080 --> 00:50:09,680
Speaker 5: I'm like, bro, you know, come on.

1181
00:50:12,960 --> 00:50:16,080
Speaker 6: But it's just he had a bigger a bigger picture

1182
00:50:16,120 --> 00:50:19,120
Speaker 6: for us, and I mean both of us and uh man,

1183
00:50:19,160 --> 00:50:20,839
Speaker 6: it was just like dope to even see shar Niche

1184
00:50:21,000 --> 00:50:23,040
Speaker 6: just like, yeah, let's let's let's go right.

1185
00:50:23,280 --> 00:50:25,319
Speaker 8: Yeah, Like I told him, like once we did our

1186
00:50:25,320 --> 00:50:27,200
Speaker 8: first couple of deals, I think.

1187
00:50:27,000 --> 00:50:28,920
Speaker 9: We say like right here, and I told him, like,

1188
00:50:29,080 --> 00:50:29,839
Speaker 9: we gotta show this.

1189
00:50:29,880 --> 00:50:31,759
Speaker 8: We got to teach this to our people because there's

1190
00:50:31,760 --> 00:50:33,640
Speaker 8: so many I know, so many other investors who have

1191
00:50:33,719 --> 00:50:35,719
Speaker 8: been trying to wholesale, who've been trying to get into

1192
00:50:35,760 --> 00:50:38,520
Speaker 8: traditional real estate, but again there's certain factors that have

1193
00:50:38,640 --> 00:50:41,640
Speaker 8: been stopping them, like credit capital, they can't get started.

1194
00:50:41,680 --> 00:50:43,840
Speaker 8: So once I found this, I was like, come on,

1195
00:50:43,960 --> 00:50:45,920
Speaker 8: like this is bigger than us, like this for the people.

1196
00:50:46,160 --> 00:50:50,400
Speaker 7: So I had you have students, so obviously they go

1197
00:50:50,440 --> 00:50:53,680
Speaker 7: through the webinar. Are you guys, coaching them after as

1198
00:50:53,680 --> 00:50:55,680
Speaker 7: well as and bringing them to their first deals.

1199
00:50:56,040 --> 00:50:56,279
Speaker 4: Yeah.

1200
00:50:56,320 --> 00:50:58,840
Speaker 6: So we always say anybody who investing in the program,

1201
00:50:58,920 --> 00:51:01,279
Speaker 6: like you family, hit us up, like we don't want to.

1202
00:51:01,400 --> 00:51:04,200
Speaker 6: We're not that type of like okay by program and

1203
00:51:04,200 --> 00:51:05,799
Speaker 6: then go out on your own and do it right.

1204
00:51:05,880 --> 00:51:07,560
Speaker 6: If you don't hit us up, that's on you, you

1205
00:51:07,640 --> 00:51:09,000
Speaker 6: know what I mean. But we really it's like an

1206
00:51:09,040 --> 00:51:11,279
Speaker 6: open book because that's the thing is just like the

1207
00:51:11,320 --> 00:51:13,960
Speaker 6: more the more success, the more success that they have,

1208
00:51:14,440 --> 00:51:16,680
Speaker 6: like that's just I mean, that's joy for us. But

1209
00:51:16,719 --> 00:51:18,520
Speaker 6: it's just like what we're doing is just we we

1210
00:51:18,800 --> 00:51:20,200
Speaker 6: help and create wealth for them.

1211
00:51:21,000 --> 00:51:22,520
Speaker 4: Right, That's dope. That's dope.

1212
00:51:22,600 --> 00:51:28,920
Speaker 3: So all right, well thank you, we appreciate it. So

1213
00:51:28,960 --> 00:51:31,560
Speaker 3: all right, how what's the information for your courses? How

1214
00:51:31,560 --> 00:51:35,000
Speaker 3: can people contact you? How can they check out all

1215
00:51:35,040 --> 00:51:36,560
Speaker 3: of your programs that you have going?

1216
00:51:37,520 --> 00:51:41,160
Speaker 6: Yeah, so for one man, Instagram is really our main page.

1217
00:51:41,480 --> 00:51:46,160
Speaker 6: Follow us at at I'm sorry at Mobile Home Elite Investors.

1218
00:51:46,719 --> 00:51:48,560
Speaker 6: There you can literally click the link in the bio

1219
00:51:48,920 --> 00:51:51,239
Speaker 6: that can get you can access to the course. We

1220
00:51:51,320 --> 00:51:55,879
Speaker 6: have a private Facebook group ebook even need a payment plan,

1221
00:51:55,960 --> 00:51:58,879
Speaker 6: that's what we have. Private coaching whatever you really need.

1222
00:51:58,920 --> 00:52:00,640
Speaker 6: That's what we you know, we get our program to

1223
00:52:00,680 --> 00:52:02,880
Speaker 6: help everybody. We got something for everybody.

1224
00:52:03,440 --> 00:52:05,360
Speaker 4: Dope dope, dope suy.

1225
00:52:05,560 --> 00:52:05,719
Speaker 2: Yeah.

1226
00:52:05,760 --> 00:52:07,960
Speaker 7: Shout out to everybody on patreon dot com. That's our

1227
00:52:08,000 --> 00:52:11,120
Speaker 7: prow to Proud to Pay program. Everybody that's been supporting

1228
00:52:11,160 --> 00:52:13,440
Speaker 7: on there. There's five tiers. You can join any tear.

1229
00:52:13,239 --> 00:52:15,600
Speaker 2: That you like. This bonus foot is there, this bonus content.

1230
00:52:16,200 --> 00:52:17,759
Speaker 7: Just want to give a good shout out quick shout

1231
00:52:17,760 --> 00:52:20,520
Speaker 7: out to our new members Jada and Marquise and h

1232
00:52:20,680 --> 00:52:26,799
Speaker 7: Christian and Derek as well. They've joined and some of

1233
00:52:26,840 --> 00:52:28,879
Speaker 7: them have joined the Tier five's and joined the Tier two.

1234
00:52:29,680 --> 00:52:32,000
Speaker 7: Anything that you provide is a blessing to us because

1235
00:52:32,000 --> 00:52:33,840
Speaker 7: it allows us to come here, come to Chicago, go

1236
00:52:33,840 --> 00:52:37,160
Speaker 7: to other cities, and should highlight some hometown heroes and

1237
00:52:37,200 --> 00:52:39,120
Speaker 7: so this this is great and we learned every time

1238
00:52:39,360 --> 00:52:41,439
Speaker 7: that we do an episode, we learned something new. So

1239
00:52:41,480 --> 00:52:43,720
Speaker 7: thank you to everybody on Patreon. Thank you to everybody

1240
00:52:43,719 --> 00:52:45,560
Speaker 7: on any leisure dot com that's purchased the merch. I

1241
00:52:45,600 --> 00:52:48,080
Speaker 7: think it's the first episode that everybody had the merchant. Yeah,

1242
00:52:48,400 --> 00:52:51,640
Speaker 7: so shout out everybody that's been purchasing the Merch. We

1243
00:52:51,719 --> 00:52:53,560
Speaker 7: got our tour shirts up there as well, so feel

1244
00:52:53,560 --> 00:52:54,120
Speaker 7: free to get that.

1245
00:52:55,080 --> 00:52:58,440
Speaker 3: Yeah man, yeah, and yeah, asks overliabilities. That's what we're

1246
00:52:58,480 --> 00:53:01,160
Speaker 3: running with. So shout out to Chicago to good city.

1247
00:53:01,320 --> 00:53:05,239
Speaker 3: Chicago has been very hospitable to us. And this is

1248
00:53:05,320 --> 00:53:08,120
Speaker 3: actually the first one of our hometown heroes. We're actually

1249
00:53:08,120 --> 00:53:10,440
Speaker 3: going to be releasing another episode with the Downing Brothers.

1250
00:53:10,600 --> 00:53:15,400
Speaker 3: They are Chicago celebrities. They got an AHGTV show and

1251
00:53:15,560 --> 00:53:18,040
Speaker 3: they're interesting because they're actually firefighters, but they're also real

1252
00:53:18,120 --> 00:53:21,520
Speaker 3: estate investors as well, and they also television stars as well,

1253
00:53:21,600 --> 00:53:23,439
Speaker 3: so they have an interesting story. So so make sure

1254
00:53:23,440 --> 00:53:26,080
Speaker 3: you check that out as well. And that choice said

1255
00:53:26,120 --> 00:53:28,680
Speaker 3: the merch, but don't forget our workshop series as well.

1256
00:53:28,760 --> 00:53:33,080
Speaker 3: Our workshop is ten seventeen that's going to be financing

1257
00:53:33,200 --> 00:53:36,680
Speaker 3: financing for first time real estate investors, how to finance

1258
00:53:36,719 --> 00:53:39,200
Speaker 3: your first real estate deal. That's going to be in

1259
00:53:39,280 --> 00:53:42,080
Speaker 3: person in Brooklyn, but it's also going to be live

1260
00:53:42,120 --> 00:53:44,560
Speaker 3: stream for anybody. You can go to the events tab

1261
00:53:44,640 --> 00:53:46,839
Speaker 3: on our website or your leision dot com to check

1262
00:53:46,920 --> 00:53:50,560
Speaker 3: that out. And also, as you guys know them, a

1263
00:53:50,640 --> 00:53:53,359
Speaker 3: financial advisors, So if you want to hit me up

1264
00:53:53,400 --> 00:53:56,440
Speaker 3: for a thirty minute consultation anything from retirement planning and

1265
00:53:56,480 --> 00:54:00,839
Speaker 3: state planning, life insurance investing, anything like that. Calendar is

1266
00:54:00,920 --> 00:54:03,480
Speaker 3: also on Earn Lesion dot com. And as I said,

1267
00:54:03,520 --> 00:54:05,200
Speaker 3: that is a thirty is not to pick my brain.

1268
00:54:05,239 --> 00:54:10,200
Speaker 3: Please please do not just call me for unrelated random questions.

1269
00:54:10,760 --> 00:54:12,439
Speaker 3: I'm being very generous for my time.

1270
00:54:12,520 --> 00:54:13,520
Speaker 4: Yeah, so it's.

1271
00:54:13,360 --> 00:54:17,879
Speaker 3: Specifically targeted for people that are interested in getting help

1272
00:54:18,000 --> 00:54:21,600
Speaker 3: in those areas. But yes, that is on early Legion

1273
00:54:21,640 --> 00:54:23,719
Speaker 3: dot com. And the book Tip of the Week is

1274
00:54:23,760 --> 00:54:26,759
Speaker 3: A Step by Step guy to Buy and Sell Mobile Home.

1275
00:54:26,800 --> 00:54:31,880
Speaker 3: You know who wrote that book? Yeah, our guy Byron

1276
00:54:31,880 --> 00:54:34,360
Speaker 3: wrote that blook. It's actually his last name is Sellers,

1277
00:54:34,360 --> 00:54:37,040
Speaker 3: which is actually very interesting, very fitting. When he told me,

1278
00:54:37,080 --> 00:54:40,880
Speaker 3: I'm like, is that like a stage name, like like

1279
00:54:41,239 --> 00:54:43,839
Speaker 3: selling homes? And his last name is Sellers So he's

1280
00:54:43,880 --> 00:54:47,080
Speaker 3: god plant. So yes, check that And that's the e

1281
00:54:47,160 --> 00:54:49,880
Speaker 3: book right, yes sir, yes, yes, so make sure you

1282
00:54:50,000 --> 00:54:52,520
Speaker 3: check them out. This is very very good episode for

1283
00:54:52,640 --> 00:54:55,480
Speaker 3: us and blessings to you. You know, it's it's it's

1284
00:54:55,520 --> 00:54:58,640
Speaker 3: extremely encouraging to see any young entrepreneurs, but especially a

1285
00:54:58,640 --> 00:55:02,640
Speaker 3: couple that you know had start. It's not always all

1286
00:55:02,680 --> 00:55:04,799
Speaker 3: good times either right, issues when you first start, but

1287
00:55:04,880 --> 00:55:07,400
Speaker 3: to see you guys, you know progression and I'm insprested

1288
00:55:07,560 --> 00:55:09,640
Speaker 3: to see next year, five years, ten years.

1289
00:55:09,680 --> 00:55:11,760
Speaker 4: I'll be following your journey. I'll be rooting for you guys,

1290
00:55:11,760 --> 00:55:13,160
Speaker 4: for sure, for sure.

1291
00:55:15,040 --> 00:55:18,799
Speaker 2: To your home. People look at the back and they're like, yo,

1292
00:55:18,880 --> 00:55:19,720
Speaker 2: I like the new setup.

1293
00:55:22,800 --> 00:55:27,480
Speaker 4: Yeah, yes, we will see you guys next week. Peace, pease, peace.

1294
00:55:29,160 --> 00:55:33,040
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