WEBVTT - EYL #41 Ride or Die 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.840 border and families will be protected. 0:00:57.920 --> 0:01:00.000 Sponsored by the United States Department of Homeland Security. 0:01:00.360 --> 0:01:06.280 All right, guys, Welcome back EYL Hometown Heroes Edition Chicago. 0:01:05.640 --> 0:01:07.039 Town's Going On Now. 0:01:07.560 --> 0:01:07.880 Shot. 0:01:08.040 --> 0:01:10.000 Shout out to the shot, Shout out to the west side, 0:01:10.040 --> 0:01:12.720 to the south side, north side, East side, every side 0:01:12.800 --> 0:01:15.160 we was at itself right now, Yeah, in the south 0:01:15.200 --> 0:01:16.640 side right now for sure? 0:01:16.720 --> 0:01:18.280 Again for sure what area we. 0:01:18.200 --> 0:01:21.679 At specifically, So this be in Washington Park, Washington Park, 0:01:21.680 --> 0:01:22.960 shout out to Washington Park. 0:01:22.760 --> 0:01:23.800 Those y'all know. 0:01:24.000 --> 0:01:27.760 Yeah, so we got we got a very special audition today. 0:01:27.760 --> 0:01:30.000 But before we start, we got some housekeeping items we 0:01:30.000 --> 0:01:31.959 want to make you guys aware of. It's not too 0:01:32.040 --> 0:01:34.880 late to register for our workshop, our first ever workshop 0:01:35.600 --> 0:01:39.279 on ten seventeen. So as we said before, every single 0:01:39.280 --> 0:01:42.400 month we're going to be having a workshop in person 0:01:42.440 --> 0:01:45.000 but also live stream for anybody anywhere in the world. 0:01:45.040 --> 0:01:47.120 And it's going to be a different eyl guest is 0:01:47.160 --> 0:01:49.320 going to speak about the area of expertise. So the 0:01:49.360 --> 0:01:51.440 first one is with our guy MG, the mortgage guy, 0:01:51.880 --> 0:01:54.880 and it's going to be about financing your first real 0:01:55.000 --> 0:01:57.800 estate deal. Real estate financing for your first deal. So 0:01:58.240 --> 0:01:59.960 you go to our website or you lead you dot 0:02:00.080 --> 0:02:02.040 com on the events tab and you can register, as 0:02:02.080 --> 0:02:04.720 I said, you can do in person in New York City, 0:02:04.720 --> 0:02:06.520 but you can also live stream it and you can 0:02:06.560 --> 0:02:08.240 watch it. You don't have to watch it while it's 0:02:08.280 --> 0:02:09.920 going on. With the live stream, like once you have it. 0:02:10.360 --> 0:02:12.360 You can watch it whenever whenever you so if you're 0:02:12.400 --> 0:02:16.960 at work or whatever, so make sure you do that. So, yes, 0:02:17.280 --> 0:02:20.680 all right, so now we have a very special episode. 0:02:20.720 --> 0:02:23.040 I'm actually interested because this is something that I don't 0:02:23.040 --> 0:02:26.640 know anything about. Zero I'm gonna educate myself on this. 0:02:26.760 --> 0:02:32.600 So Byron and Shenise Dynamic dual Dynamic couple that also 0:02:32.760 --> 0:02:38.079 are business partners as well. So congratulations first and foremost. Yeah, 0:02:38.600 --> 0:02:41.800 So so you guys, all right, you're in the mobile 0:02:41.960 --> 0:02:45.560 home industry, right, so for anybody that's not familiar with that, 0:02:45.560 --> 0:02:47.520 that is home on wheels pretty much. 0:02:47.560 --> 0:02:47.680 Right. 0:02:47.720 --> 0:02:50.080 It's interesting because I met you at the event, our 0:02:50.120 --> 0:02:52.799 networking event. It was amazing, by the way, and I 0:02:52.919 --> 0:02:57.560 was yeah, and you was. You was telling me about it, 0:02:57.680 --> 0:03:00.280 and you know, I was thinking, like, this is just 0:03:00.280 --> 0:03:02.480 an interesting thing. Can we talk about real estate a lot? 0:03:02.880 --> 0:03:07.240 But we've never spoken or covered mobile homes, and you 0:03:07.360 --> 0:03:09.680 was actually educating me because a lot of people, especially 0:03:09.680 --> 0:03:13.840 where we're from the Northeast, we have derogatory, which I 0:03:13.880 --> 0:03:18.960 learned with a derogatory. Yeah, well we used to call 0:03:19.000 --> 0:03:21.880 it trailer, a trailer home or in trailer park, but 0:03:21.919 --> 0:03:24.440 it's not called it shouldn't be called trailer park or 0:03:24.480 --> 0:03:26.520 trailer home. It's a mobile home in a mobile park. 0:03:26.680 --> 0:03:29.760 But long story short, you can actually invest in these properties, 0:03:30.200 --> 0:03:32.200 and it's just like real estate. You can make money, 0:03:32.760 --> 0:03:35.960 you can wholesale, you can flip, you can fix up, 0:03:36.440 --> 0:03:39.200 and it's really interesting. It's a lot less as far 0:03:39.240 --> 0:03:40.880 as how much money you have to put into it, 0:03:41.440 --> 0:03:43.160 a lot of it. It's a lot kind of easier 0:03:43.560 --> 0:03:46.000 finance and all that kind of stuff. So all right, 0:03:46.280 --> 0:03:48.880 before we even get into the details, can you tell 0:03:48.880 --> 0:03:53.040 your story of how you got into the industry. 0:03:52.800 --> 0:03:55.120 Oh, yeah, for sure, Okay. 0:03:55.200 --> 0:03:57.640 So Man, So basically, I've been trying to do real 0:03:57.760 --> 0:04:00.960 estate for four or five years, right, And when I 0:04:01.000 --> 0:04:03.400 tell you, like capital credit, I was having a lot 0:04:03.400 --> 0:04:07.000 of issues with that. And so, Man, March third of 0:04:07.360 --> 0:04:09.240 twenty seventeen, that was a day I was fired from work. 0:04:09.280 --> 0:04:15.760 It's a great day, Yeah, great day. 0:04:16.680 --> 0:04:17.680 What kind of job? What kind of jobs? 0:04:17.960 --> 0:04:19.239 So I was in the transptation industry. 0:04:19.240 --> 0:04:22.599 I was a driver manager and so man, for that time, 0:04:22.640 --> 0:04:25.720 I'm like, man, I'm still getting real estate. So Man, 0:04:25.760 --> 0:04:27.560 I was actually and I was in a life coaching 0:04:27.560 --> 0:04:30.080 program at that time to become a life coach. So I 0:04:30.120 --> 0:04:32.039 will say that helped me up for to be where 0:04:32.040 --> 0:04:34.839 I'm at now, and that's summer. I hustled, hustled, like 0:04:35.040 --> 0:04:37.200 I'm just trying to get into it. At the time, man, 0:04:37.200 --> 0:04:38.880 I was driving left to pay the bills, and I 0:04:38.920 --> 0:04:42.560 was always listening to podcasts, and this particular day, I 0:04:42.600 --> 0:04:44.880 happened to find a podcast. It was on mobile homes. 0:04:44.960 --> 0:04:46.920 But mind you, I'm driving and people like, man, turn 0:04:47.000 --> 0:04:51.200 that off. Man, I ain't trying to hit it. Come on, man, 0:04:51.360 --> 0:04:56.000 So I sent it to her. I sent it to Sharnee, like, hey, 0:04:56.000 --> 0:04:57.599 take a listen to this, man, I think it's gonna 0:04:57.640 --> 0:04:58.080 be special. 0:04:58.640 --> 0:04:59.280 Send it to her. 0:04:59.560 --> 0:05:02.000 And then so I was listening to the podcast and 0:05:02.080 --> 0:05:05.080 that podcast had so happened to be on mobile home investment, 0:05:05.240 --> 0:05:07.320 like he said, And the biggest thing that I learned 0:05:07.360 --> 0:05:10.400 from that podcast was you can literally get started with 0:05:10.600 --> 0:05:11.719 very minimum capital. 0:05:12.400 --> 0:05:13.839 Credit does not have to be good. 0:05:13.920 --> 0:05:15.760 And those are the two things that I feel like 0:05:15.800 --> 0:05:18.240 at the time, because me and Byron were new investors, 0:05:18.320 --> 0:05:20.360 those were the things that were kind of holding us back. 0:05:20.440 --> 0:05:22.520 So once I heard that, I was like, Okay, we 0:05:22.560 --> 0:05:24.800 need to get into this niche of mobile homes. So 0:05:24.880 --> 0:05:27.880 I came home, I told Byron, like, look, were about 0:05:27.880 --> 0:05:29.800 to get into these mobile homes, Like I know, we 0:05:30.000 --> 0:05:32.560 trying to get these three flats right now here in Chicago. 0:05:32.960 --> 0:05:34.920 We were trying to get buildings at the time. But 0:05:35.000 --> 0:05:37.479 like I said, our capital, our credit was not so good. 0:05:37.839 --> 0:05:39.800 So I was like, look, let's try something different, Let's 0:05:39.839 --> 0:05:42.520 go outside the box, and let's conquer this. And man, 0:05:42.560 --> 0:05:43.839 it's been history ever since. 0:05:44.960 --> 0:05:47.520 That's means I mean, especially as a couple doing it, 0:05:48.120 --> 0:05:49.919 y'all supporting each other, which we don't see it like 0:05:49.960 --> 0:05:52.440 this is the first couple that we've seen on our podcast. 0:05:53.000 --> 0:05:54.720 What did it take to have a belief in each other? 0:05:54.760 --> 0:05:56.080 Did y'all always trust each other? 0:05:56.080 --> 0:05:56.159 Like? 0:05:56.160 --> 0:05:57.520 How did that develop man? 0:05:57.600 --> 0:05:58.239 Double question? 0:05:58.600 --> 0:06:01.239 So the biggest thing from myself going through that journey, 0:06:01.240 --> 0:06:02.640 I learned a lot. I took a lot of l's, 0:06:02.720 --> 0:06:05.400 went broke, mest of my credit card repoll like all 0:06:05.480 --> 0:06:08.440 the worse right, And so she had my back. She 0:06:08.560 --> 0:06:11.360 was the one person that out of everything from family, friends, 0:06:11.360 --> 0:06:14.440 that have my back. So it was like, Yo, with 0:06:14.600 --> 0:06:17.680 this knowledge, like I got I have nothing but trust 0:06:17.680 --> 0:06:19.960 and I'm gonna have so much patience in this. And 0:06:20.000 --> 0:06:22.880 she trusted me and I would just see her growth 0:06:22.920 --> 0:06:24.919 and she just dug and became a student literally with 0:06:25.320 --> 0:06:28.240 no entrepreneur experience at all. And I'm just looking like, yo, 0:06:28.400 --> 0:06:29.320 she a rock stuff. 0:06:34.839 --> 0:06:37.359 So all right, So okay, so you listen to the 0:06:37.360 --> 0:06:40.159 podcast you said it to. What made you say, Okay, 0:06:40.200 --> 0:06:42.520 this is something that we because you both I lost 0:06:42.520 --> 0:06:44.640 your jobs, right, so what made you say, Okay, this 0:06:44.720 --> 0:06:47.520 is something that we're gonna do full time? And what 0:06:47.600 --> 0:06:50.480 was your first deal, Like, what was the first thing 0:06:50.520 --> 0:06:52.760 that got you into, like buying your first mobile home? 0:06:53.240 --> 0:06:56.279 Man, So honestly, I had nothing else to lose, Like 0:06:56.320 --> 0:06:57.600 I had took so many l's. 0:06:57.640 --> 0:06:59.960 I'm like, yo, this gotta work. One of these gonna work. 0:07:01.800 --> 0:07:06.640 So so you know, we got this scavenging. 0:07:06.720 --> 0:07:06.920 Man. 0:07:07.839 --> 0:07:10.520 We just took out a high interest loan for ten K, right, 0:07:10.840 --> 0:07:12.600 I mean and listen to interest rate on that was 0:07:12.600 --> 0:07:18.240 twenty four percent credit card alone, like a yeah shark 0:07:18.280 --> 0:07:21.440 loans loan went through like a credit union. 0:07:21.280 --> 0:07:22.360 Or something like lending club. 0:07:23.360 --> 0:07:25.320 And uh so we got that and then we just 0:07:25.360 --> 0:07:27.440 dove in. We started hitting a roll. We had did 0:07:27.480 --> 0:07:29.360 little education and we didn't know like we literally learned 0:07:29.400 --> 0:07:32.000 from the school of hard knocks, so we hit the role. 0:07:32.040 --> 0:07:34.160 We went all the way down to Cincinnati looking for homes. 0:07:34.200 --> 0:07:34.560 We didn't know. 0:07:34.560 --> 0:07:37.000 We were trying to see we're gonna move homes and 0:07:37.520 --> 0:07:42.480 man our first deal. She actually found this guy and 0:07:42.800 --> 0:07:44.040 up and it's called Love's Park. 0:07:44.960 --> 0:07:45.960 Yeah, so I. 0:07:45.960 --> 0:07:49.720 Ended up againing prospecting being Facebook. I found this guy. 0:07:49.760 --> 0:07:51.960 He was a park manager. He had a lot of 0:07:52.040 --> 0:07:54.360 older homes and he was like, look, we got some 0:07:54.440 --> 0:07:56.840 homes under five thousand. You should come out and take 0:07:56.880 --> 0:07:59.560 a look. That was definitely our budget because starting out 0:07:59.560 --> 0:08:01.840 we was like, we only want to stay under five thousand. 0:08:02.240 --> 0:08:04.440 So when out there we looked at a few homes. 0:08:04.440 --> 0:08:07.360 We ended up getting two on one home we paid 0:08:07.400 --> 0:08:10.080 thirty seven hundred. It was moving ready so we didn't 0:08:10.120 --> 0:08:12.400 have to do anything to it, no rehab. It was 0:08:12.480 --> 0:08:15.400 beautiful and the second home we purchased for five hundred, 0:08:15.440 --> 0:08:17.600 put a little bit of rehab into it about thirty 0:08:17.600 --> 0:08:20.440 two hundred dollars. We ended up flipping those first because 0:08:20.440 --> 0:08:22.640 of course we want us to go ahead and make 0:08:22.720 --> 0:08:24.640 some profits so we can continue to invest. 0:08:24.840 --> 0:08:25.960 So we ended up flipping those. 0:08:26.000 --> 0:08:29.280 We made nineteen thousand, five hundred in less than thirty days, 0:08:29.480 --> 0:08:29.880 and then. 0:08:29.800 --> 0:08:30.680 You said this is this. 0:08:32.280 --> 0:08:33.080 Right, and that was it? 0:08:33.160 --> 0:08:33.360 Right? 0:08:33.400 --> 0:08:35.040 That was it At that. 0:08:35.040 --> 0:08:36.920 Time you were saying, like that was already half of 0:08:37.080 --> 0:08:38.120 the yearly salary. 0:08:38.200 --> 0:08:39.080 Right. Yeah. 0:08:39.120 --> 0:08:41.920 So at the time, at that time, prior to me 0:08:41.960 --> 0:08:45.040 getting fired, I worked at the gas company here in Chicago, 0:08:45.160 --> 0:08:48.800 and my salary gross I was making about like thirty 0:08:48.920 --> 0:08:52.120 nine So you're thinking about I made about close to 0:08:52.200 --> 0:08:54.480 twenty thousand in less than thirty days. 0:08:54.640 --> 0:08:56.720 That was like, that was eye opening for me. 0:08:57.640 --> 0:08:58.319 I guess. 0:09:00.080 --> 0:09:03.640 That's powerful because a lot of times people are afraid 0:09:03.640 --> 0:09:05.360 to leave their job. I pulled something the other day 0:09:05.400 --> 0:09:08.480 like don't let well, a fear of losing fifty thousand 0:09:08.520 --> 0:09:10.600 a year could stop you from making fifty thousand a month, 0:09:10.720 --> 0:09:13.040 and you could break that down to anything, but like 0:09:13.120 --> 0:09:16.280 your situation is like you actually was blessed to get 0:09:16.320 --> 0:09:18.520 fired or lose your job. However you lost it because 0:09:18.559 --> 0:09:20.400 it's like, let's say that you might have stayed in 0:09:20.400 --> 0:09:22.920 that job making thirty thirty nine thousand, and it's like 0:09:22.920 --> 0:09:24.720 a lot of times people are like scared to leave 0:09:25.040 --> 0:09:26.560 and you would have never even knew that you could 0:09:26.559 --> 0:09:29.680 possibly make twenty thousand a month. And then five years 0:09:29.679 --> 0:09:31.440 from now you could be making one hundred thousand a month, 0:09:31.480 --> 0:09:33.560 like you know what I mean. So it's crazy, but 0:09:34.440 --> 0:09:37.959 I like that you guys supported each other and took 0:09:38.000 --> 0:09:39.880 the leaf of faith because that's extremely important, especially in 0:09:39.880 --> 0:09:43.079 a relationship. It's like, you know, you could you tell 0:09:43.120 --> 0:09:45.360 your partner you lost your job, and it's like you 0:09:45.400 --> 0:09:50.080 better get another one. Yeah, So, like what made you 0:09:50.760 --> 0:09:53.480 have faith in him? And even like okay, like you know, 0:09:53.679 --> 0:09:55.600 I'm gonna support you on being an entrepreneur. You guys 0:09:55.640 --> 0:09:57.720 are entrepreneurs. I'm gonna support you on being an entrepreneur. 0:09:57.800 --> 0:10:01.280 Like with no business backgrounds, you guys were entrepreneurs before that. 0:10:01.360 --> 0:10:03.080 Like what made you have faith? Because you he said 0:10:03.080 --> 0:10:05.280 you were the only person that really like really had faith. 0:10:05.320 --> 0:10:06.640 So what made you have that faith? 0:10:07.160 --> 0:10:10.080 Yeah? But sure, so I mean prior to you know, 0:10:10.200 --> 0:10:12.920 Byron's entrepreneurial journey, Like you know, we were already i 0:10:12.960 --> 0:10:16.120 guess quote unquote talking and dating before we got serious. 0:10:16.160 --> 0:10:17.800 And at that time, like you said, he had a 0:10:17.800 --> 0:10:19.720 good job, you know what I'm saying. So once we 0:10:19.840 --> 0:10:22.960 got back linked up, at that point, he was going 0:10:23.000 --> 0:10:25.720 through his hardships or whatever. But by that time we 0:10:25.760 --> 0:10:28.240 had already built our friendship. We was already best friends. 0:10:28.280 --> 0:10:30.680 So it's like, as a best friend, why would I 0:10:30.679 --> 0:10:32.600 turn my back on him, you know what I'm saying, 0:10:32.640 --> 0:10:35.080 Like I was. I was there for him through all 0:10:35.200 --> 0:10:37.720 the hard situations that he went through in his life. 0:10:37.800 --> 0:10:39.320 And then I feel like he was also there for 0:10:39.360 --> 0:10:41.360 me because at the time I had just lost my job, 0:10:41.640 --> 0:10:44.400 I was very stressed out. He was there picking me 0:10:44.440 --> 0:10:46.720 off the floor, telling me every day like shar come on, 0:10:46.840 --> 0:10:49.040 like we about to do this together, Like I'm thinking 0:10:49.040 --> 0:10:52.200 about us now, our legacy, generational wealth. Like he was 0:10:52.240 --> 0:10:54.760 feeding that into me every single day. It's like I 0:10:54.800 --> 0:10:56.960 had no choice but to rock with it. Like you 0:10:56.960 --> 0:10:59.600 don't get that every day, especially from a partner, from 0:10:59.640 --> 0:11:00.559 a relate relationship. 0:11:00.760 --> 0:11:02.959 Like that's powerful, good man. 0:11:10.720 --> 0:11:12.520 It's it's like a lifetime movie. 0:11:13.920 --> 0:11:14.600 Now, that's beautiful. 0:11:14.640 --> 0:11:17.160 I mean, obviously you know I'm a married man, so 0:11:17.240 --> 0:11:19.400 like I could relate to everything that you're saying, Like 0:11:19.440 --> 0:11:23.360 having somebody that knows that whatever whatever I do is 0:11:23.440 --> 0:11:25.400 for us, right, so like we all want so like 0:11:25.520 --> 0:11:27.440 the decisions that I make or she makes, it's for 0:11:27.480 --> 0:11:30.080 the betterment of us and our family, right the legacine. 0:11:30.400 --> 0:11:33.920 So that's powerful. Shouting to y'all black love black. 0:11:36.720 --> 0:11:38.840 So all right, So I don't think people fully understand, 0:11:38.840 --> 0:11:41.080 like I said, especially like we come from New York 0:11:41.200 --> 0:11:43.040 and but you actually told me that there's a lot 0:11:43.040 --> 0:11:45.160 of mobile homes in New York. But like the New 0:11:45.240 --> 0:11:48.440 York City area metropolitan area, and you know a lot 0:11:48.480 --> 0:11:51.440 of listeners that may be from like cities, they don't 0:11:51.480 --> 0:11:55.920 fully understand how big of an industry mobile parks homes are. 0:11:56.200 --> 0:11:58.559 So I did some research. So there's twenty two million Americans 0:11:58.559 --> 0:12:03.440 live in mobile homes, and so like, how lucrative is it? 0:12:03.440 --> 0:12:06.480 Like on an ROI standpoint, how lucrative is the mobile 0:12:06.520 --> 0:12:08.199 home industry? 0:12:08.400 --> 0:12:08.600 Man? 0:12:08.800 --> 0:12:12.959 Listen, it's the highest cash on cash return of any 0:12:13.080 --> 0:12:16.040 real estate investing. Like I didn't believe it at first 0:12:16.520 --> 0:12:20.320 until I'm gonna give example, our average returns are two 0:12:20.400 --> 0:12:23.480 hundred and fifty ROI on per. 0:12:23.360 --> 0:12:24.120 Deal that we do. 0:12:24.400 --> 0:12:25.480 How long does it does? 0:12:26.040 --> 0:12:28.839 See our normal turnaround in sixty days. Now we're to 0:12:28.880 --> 0:12:30.280 the point that we flip a house, we flip in 0:12:30.360 --> 0:12:31.319 less than fifteen days. 0:12:31.679 --> 0:12:36.719 Wow, Okay, So all right, so since you said that 0:12:37.200 --> 0:12:40.440 you can, you can you break down a deal and 0:12:40.440 --> 0:12:42.440 like kind of explain like how does that work? 0:12:42.679 --> 0:12:42.880 Cool? 0:12:42.920 --> 0:12:45.080 So I'm gonna break down with a deal. So we 0:12:45.160 --> 0:12:47.199 had a deal. We purchased a home for three thousand 0:12:47.240 --> 0:12:50.280 dollars right in Indiana, and the home that it didn't 0:12:50.280 --> 0:12:53.120 need any work from older lady. In most of the situations, right, 0:12:53.120 --> 0:12:55.520 most people don't really know the value of their homes. 0:12:55.840 --> 0:12:58.400 And three grand said cool. So what we did was 0:12:58.440 --> 0:12:59.920 we say, you know what, we're gonna open up for sellarfar. 0:13:00.240 --> 0:13:02.880 We're gonna help somebody get affordable housing in that area. 0:13:02.920 --> 0:13:05.400 The average rent, we normally based it off the average rent, 0:13:05.559 --> 0:13:08.120 it was eight hundred dollars, right, So we said, okay, 0:13:08.120 --> 0:13:10.360 we're going to be comparable. Now in a park. If 0:13:10.400 --> 0:13:12.880 you're doing mobile home investing in a park, the park 0:13:12.920 --> 0:13:15.640 has lot rents just like HOA fees. Okay, so you 0:13:15.679 --> 0:13:17.880 have to pay monthly those this park was it was 0:13:17.920 --> 0:13:19.240 at three seventy two. 0:13:19.800 --> 0:13:22.640 So all right, a lot feed what's the lot of fee? 0:13:22.920 --> 0:13:25.360 So it's like an HOA fees. They're paying for the trash, 0:13:25.480 --> 0:13:27.319 they're paying for just. 0:13:27.240 --> 0:13:29.880 To stay stay on the actual so that the park 0:13:29.920 --> 0:13:32.440 owns the land, so you own that if you can't 0:13:32.520 --> 0:13:36.400 just park your mobile home anywhere. Now to be inside 0:13:36.440 --> 0:13:39.760 of a license, like a park that has a permit, 0:13:39.840 --> 0:13:42.439 and it's as like a okay, right, and. 0:13:42.400 --> 0:13:44.640 So normally the ones that you drive, like the r vs, 0:13:44.840 --> 0:13:46.760 those are different, right, you go, you can go take 0:13:46.880 --> 0:13:48.559 drive those and go into a park and pay like 0:13:48.600 --> 0:13:50.200 a fee. But normally the ones that you see are 0:13:50.240 --> 0:13:54.120 kind of just like on actual like land, like those 0:13:54.200 --> 0:13:54.640 right there. 0:13:55.400 --> 0:13:58.200 Yeah, you can move those, but it's not costly. 0:13:59.000 --> 0:14:01.360 Normally about two grand and so to move them depending 0:14:01.360 --> 0:14:04.000 on how many miles. Okay, but in this case, so 0:14:04.040 --> 0:14:05.400 we so we say, hey, you know what, We'll say 0:14:05.440 --> 0:14:06.440 four twenty eight monthly. 0:14:06.760 --> 0:14:09.199 Okay, So it was eight hundred bucks. 0:14:09.200 --> 0:14:10.600 So how it did We put them on a sixty 0:14:10.640 --> 0:14:13.160 month term because remember it's a mobile home is pretty 0:14:13.240 --> 0:14:15.640 much a motor vehic on most states. It is not 0:14:15.760 --> 0:14:18.480 actually real estate. It's real property unless you put it 0:14:18.480 --> 0:14:21.240 in on land. So this particular deal, we're getting eight 0:14:21.280 --> 0:14:23.640 hundred a month, we're getting cash flowing four twenty eight. 0:14:23.720 --> 0:14:25.280 We put them on a sixty month term. 0:14:25.600 --> 0:14:27.240 At the end of that sixty month term, that three 0:14:27.240 --> 0:14:30.440 thousand we turned to twenty five thousand, was it twenty 0:14:30.480 --> 0:14:33.480 five thousand, six twenty that's seven hundred percent return on 0:14:33.520 --> 0:14:34.320 investment we created. 0:14:34.840 --> 0:14:37.440 So the rent that you were guys were collecting was 0:14:37.440 --> 0:14:39.200 four hundred a month for twenty twenty eight years. 0:14:39.200 --> 0:14:40.200 And how much did you buy. 0:14:40.040 --> 0:14:41.480 It for three thousand? 0:14:42.360 --> 0:14:45.200 How how do you buy something for three thousand in charge? 0:14:45.680 --> 0:14:47.320 How much were they they were paying eight hundred dollars 0:14:47.320 --> 0:14:47.920 a month in rent? 0:14:48.040 --> 0:14:50.200 Yes? Because how is that? How is that possible? 0:14:50.320 --> 0:14:54.440 So with that we so instead of them renting an apartment, right, 0:14:54.440 --> 0:14:56.600 because they get if they rent apartment for eight hundred dollars, 0:14:56.720 --> 0:14:59.000 they got no equity in it. So we're providing this 0:14:58.960 --> 0:15:00.280 is just equity in that house. 0:15:00.560 --> 0:15:00.800 Right. 0:15:00.960 --> 0:15:03.320 The thing is we buy it for so low, Right, 0:15:03.400 --> 0:15:06.880 we don't necessarily have to say, Okay, we're gonna only 0:15:06.920 --> 0:15:09.720 sell it for five thousand. Right, we still operate because 0:15:09.760 --> 0:15:11.960 if you think about the number, it's still a house. 0:15:12.000 --> 0:15:14.320 It's still a home for him. So a twenty at 0:15:14.320 --> 0:15:15.880 the end of the day, a twenty five thousand dollars 0:15:15.880 --> 0:15:18.880 house where you still gonna get other moving ready, twenty 0:15:18.880 --> 0:15:20.040 five thousand dollars house. 0:15:20.520 --> 0:15:23.280 So no, that's crazy. But I was just like, but 0:15:23.360 --> 0:15:25.200 if why would somebody not just buy it on their own? 0:15:25.240 --> 0:15:26.920 If they like, why would you rant for eight hundred 0:15:26.960 --> 0:15:28.680 if it only cost three hundred three thousand to buy. 0:15:29.040 --> 0:15:29.240 Yeah. 0:15:29.560 --> 0:15:32.000 So the thing is for us being investors, it's almost 0:15:32.000 --> 0:15:34.280 like we buyd off off market property. 0:15:34.720 --> 0:15:34.920 Right. 0:15:34.920 --> 0:15:37.640 The most people don't really know that, hey, I can 0:15:37.640 --> 0:15:40.080 go get there, and if they do, they definitely take advantage. 0:15:40.200 --> 0:15:40.360 Right. 0:15:40.360 --> 0:15:42.920 For example, we have a house Chinese just sold this week. 0:15:43.720 --> 0:15:45.720 We literally we got the house of four fifteen hundred. 0:15:45.720 --> 0:15:47.480 We sold him him for six thousand. He's gonna move 0:15:47.520 --> 0:15:49.600 the home. Right, We're still doing a favor. But then 0:15:49.840 --> 0:15:52.160 at the same time we offer seller finance. We just 0:15:52.240 --> 0:15:54.840 offered I usually I usually do anywhere from like eighteen dollars. 0:15:54.880 --> 0:15:56.720 I look at it eighteen dollars to twenty five dollars 0:15:56.760 --> 0:15:57.440 per square foot. 0:15:57.600 --> 0:16:00.240 So you could actually with your finance and you can 0:16:00.320 --> 0:16:04.360 have no money and get a home. Yes, interesting, so 0:16:04.400 --> 0:16:06.920 I can, right, So like I go in, I have 0:16:07.000 --> 0:16:09.080 no money, I'm like, yo, I want to get this home. 0:16:09.360 --> 0:16:10.240 That's where you come in. 0:16:10.400 --> 0:16:11.720 Yeah, yeah, And that's what I'm offering. 0:16:11.720 --> 0:16:13.680 Because see the thing is, most banks don't lend to 0:16:13.760 --> 0:16:16.920 mobile homes like they like Warren Buffett, he has two 0:16:17.000 --> 0:16:19.080 lending companies. Because you understands Warren Buffet is in this 0:16:19.080 --> 0:16:20.080 game on Clayton Homes. 0:16:20.240 --> 0:16:21.680 Warren Buffett lends mobile homes. 0:16:21.720 --> 0:16:24.040 Yeah, he owns Clayton Homes. That was acquisition he brought 0:16:24.040 --> 0:16:26.800 in nineteen ninety seven. Clayton Homes is the largest like 0:16:27.160 --> 0:16:28.960 manufactured home company in the country. 0:16:29.040 --> 0:16:31.120 So banks don't give the loans because are they looking 0:16:31.160 --> 0:16:32.880 at it as a like an honormobile loan? 0:16:32.880 --> 0:16:33.600 Like how are they looking at it? 0:16:33.600 --> 0:16:36.000 They looking at as a depreciating asset, where for us 0:16:36.160 --> 0:16:37.280 we look at it as value. 0:16:38.120 --> 0:16:40.720 So it's an appreciating asset because it has wills and 0:16:40.760 --> 0:16:44.920 anything that wills depreciates, correct, So is that true? 0:16:45.720 --> 0:16:48.240 Not nine? At the end of the day, for us, 0:16:48.280 --> 0:16:51.000 we look at it we solve an affordable housing crisis, right, 0:16:51.200 --> 0:16:52.160 Like that's the biggest thing. 0:16:52.200 --> 0:16:53.440 Like cities, we know what. 0:16:53.400 --> 0:16:55.920 The cost of living is going though all right, wages 0:16:55.960 --> 0:16:57.720 are still staying the same, so people are getting pushed 0:16:57.720 --> 0:16:59.760 out like we see it every day, like where it's gentrification, 0:17:00.000 --> 0:17:02.760 people can't afford. So for us, it's like, hey, listen, 0:17:02.920 --> 0:17:04.480 I get it. You've been living in this apartment for 0:17:04.520 --> 0:17:06.959 the last five to six years. Why don't you get 0:17:07.000 --> 0:17:07.760 your own asset? 0:17:07.920 --> 0:17:08.040 Right? 0:17:08.040 --> 0:17:09.040 Because at the end of it is you can do 0:17:09.080 --> 0:17:11.600 the same thing. Most people that we educated buy house rooms. 0:17:11.760 --> 0:17:13.760 We even teach them like, hey, this is how you 0:17:13.800 --> 0:17:15.920 sell your home to get your money back or make 0:17:15.960 --> 0:17:16.840 more on your home. 0:17:16.920 --> 0:17:20.760 So where these mobile parks located in proximity to major cities? Right, 0:17:20.760 --> 0:17:24.119 So we live in the New York tried state. How 0:17:24.200 --> 0:17:27.320 many miles typically would a mobile park be located? 0:17:27.400 --> 0:17:27.640 Right? 0:17:28.040 --> 0:17:28.600 Good question. 0:17:28.920 --> 0:17:30.720 So for you guys, I know you guys got one 0:17:30.760 --> 0:17:31.560 in Staten Island. 0:17:34.480 --> 0:17:35.520 I've been in New York. 0:17:35.720 --> 0:17:37.400 We've been in New York our whole lives, Like I think, 0:17:37.480 --> 0:17:39.440 I don't think I've ever been in stand. 0:17:43.680 --> 0:17:45.800 And then we got a few students out in New 0:17:45.880 --> 0:17:49.200 York and they normally work with parks in Jersey, so 0:17:49.240 --> 0:17:50.240 they go over to Jersey. 0:17:50.520 --> 0:17:53.760 Yeah, and about honestly, I would say about sixty miles 0:17:54.320 --> 0:17:57.199 if you're willing to go upstate New York. I'm not 0:17:57.240 --> 0:17:59.520 sure that the exact knowledge, but I know you guys 0:17:59.560 --> 0:18:01.840 have a lot central and upstate New is there like. 0:18:01.760 --> 0:18:05.320 A mandated distance like that the federal government will say 0:18:05.320 --> 0:18:07.960 like this is the further dents you can go before 0:18:07.960 --> 0:18:09.040 you create a park. 0:18:09.480 --> 0:18:12.359 So here's the thing in modern days. So mobile home parks. 0:18:12.400 --> 0:18:13.840 The reason why you don't see a lot of them 0:18:13.880 --> 0:18:16.880 popping up right now because here's the reality. Taxes right 0:18:17.160 --> 0:18:19.080 in America that cast on the average is like twelve 0:18:19.119 --> 0:18:21.080 thousand and sent a kid to school. I'm gonna give 0:18:21.080 --> 0:18:22.800 you guys, exam, I'm about to blow your mind real quick. 0:18:23.160 --> 0:18:25.760 Our taxes on our mobile homes per year one hundred 0:18:25.800 --> 0:18:28.399 and sixty dollars. Our taxes on our mobile homes in 0:18:28.400 --> 0:18:31.919 Indiana thirty seven dollars for the year. So you got 0:18:31.920 --> 0:18:33.720 to think about it. If you have a kid living, if 0:18:33.760 --> 0:18:36.440 you got children, you got two children, and it costs 0:18:36.520 --> 0:18:38.880 at least eleven ten thousand dollars a cent them to school, 0:18:39.359 --> 0:18:41.760 that city is not eating from that. So cities really 0:18:41.800 --> 0:18:44.520 don't really like mobile home parks because of the taxes. Wise, 0:18:44.600 --> 0:18:46.520 and most mobile home parks they use in the city 0:18:46.560 --> 0:18:50.200 water they sitting, they're using the city sewer. So and 0:18:50.240 --> 0:18:52.080 you know, in that case, it's like, yeah, we're not 0:18:52.119 --> 0:18:53.600 eating off that. We don't really like this. 0:18:53.640 --> 0:18:56.880 Over here's more lunch money than always. 0:18:57.280 --> 0:19:00.639 All right, here's a question. You live in a mobile home, right, 0:19:01.400 --> 0:19:03.359 how do you what is it plumbing? How does that work? 0:19:03.920 --> 0:19:03.960 So? 0:19:04.240 --> 0:19:07.280 Like so everything is above ground. Everything is above ground. 0:19:07.320 --> 0:19:09.159 So the cool thing is like you know, if you 0:19:09.240 --> 0:19:12.119 need something fixed, they can go under the actual mobile 0:19:12.119 --> 0:19:13.080 home to repair. 0:19:13.680 --> 0:19:16.600 So but like your actual like you go to the 0:19:16.600 --> 0:19:19.280 bathroom and goes underneath the like where does that go? 0:19:19.640 --> 0:19:20.720 Is it like a septic tank down? 0:19:21.000 --> 0:19:23.840 So normally most parts So here's the thing. Most parts 0:19:23.880 --> 0:19:27.320 either have they're hooked up to city sewer, so they 0:19:27.359 --> 0:19:28.960 will have the hook up so it can go you know, 0:19:29.200 --> 0:19:31.760 along with the city, or they have septic tanks. 0:19:32.240 --> 0:19:35.359 Okay, so like if it comes from your truck or 0:19:35.359 --> 0:19:38.080 your your mobile home into like a underground thing. 0:19:39.600 --> 0:19:39.879 Hm. 0:19:40.160 --> 0:19:43.160 So all right, so if the taxes is so low, right, 0:19:43.280 --> 0:19:44.640 so what's the what's the gig? 0:19:44.680 --> 0:19:49.080 Because it has to like what's going on? 0:19:49.240 --> 0:19:52.120 So all right, the taxes a low. You can buy 0:19:52.119 --> 0:19:54.120 a home for low, you can sell it for high. 0:19:54.160 --> 0:19:56.920 So why a why would any why? 0:19:56.920 --> 0:19:57.040 Why? 0:19:57.320 --> 0:19:57.800 What's why? 0:19:57.800 --> 0:19:59.520 What's in it for the city or for the town 0:19:59.600 --> 0:20:04.560 to actually house these places? And how come more people 0:20:04.720 --> 0:20:06.480 aren't doing it? 0:20:07.200 --> 0:20:07.720 Good question? 0:20:08.160 --> 0:20:11.800 So I would say person that, well the first question 0:20:11.800 --> 0:20:15.320 I'm gonna answer. You said, like, like why do cities 0:20:15.320 --> 0:20:17.960 so most mobile home parks? Our grandfather in a lot 0:20:17.960 --> 0:20:20.840 of them really popped up in the forties, fifties, sixties, 0:20:20.840 --> 0:20:24.720 seventies begin because after the war, the government invested into 0:20:24.720 --> 0:20:27.800 mobile homes right after they were using actually old war 0:20:27.840 --> 0:20:29.720 planes and using the ten That's why most mobile homes 0:20:29.760 --> 0:20:32.119 are kind of like that that aluminum they ended up had, 0:20:32.160 --> 0:20:33.959 They had a certain plus of aluminum, so they like, yo, 0:20:33.960 --> 0:20:36.040 how can we use this boom we build a house. 0:20:36.320 --> 0:20:38.919 So that's why mobile homes actually really start going. So 0:20:38.960 --> 0:20:40.840 in the seventies. One, like I said, once Hug got 0:20:40.840 --> 0:20:44.920 involved in the seventies, that kind of depreciated, right, the 0:20:45.320 --> 0:20:47.240 value of mobile homes because they want to point mobile 0:20:47.280 --> 0:20:48.560 homes were the place to be. 0:20:48.640 --> 0:20:50.880 Like you told me that. Yeah, it's like it used 0:20:50.880 --> 0:20:51.399 to be luxury. 0:20:51.520 --> 0:20:53.480 Yeah, and it was kind of like suburbia. Most mobile 0:20:53.480 --> 0:20:54.920 homes are in rules like suburbia. 0:20:55.000 --> 0:20:56.480 Right, if you go to a lot of mobile home parks, 0:20:56.480 --> 0:21:00.639 they look like little I guess you can say suburban neighborhoods. 0:21:00.680 --> 0:21:04.720 And once when Hug got involved, unfortunately thinking about the 0:21:04.760 --> 0:21:06.879 next generation and people start moving back to the city, 0:21:07.760 --> 0:21:09.960 it just kind of took the value down. So it 0:21:10.040 --> 0:21:13.240 was a need for affordable housing. But with cities these 0:21:13.320 --> 0:21:16.120 places were definitely grandfathered in. It's a lot of cities 0:21:16.160 --> 0:21:18.679 that for example, let's say an owner actually sells a 0:21:18.680 --> 0:21:21.520 mobile home park, sometimes they're like, yo, that's inhabitable, Like 0:21:21.560 --> 0:21:23.240 they don't because they don't really want because they don't 0:21:23.280 --> 0:21:25.400 really benefit from the mobile home park. 0:21:25.520 --> 0:21:28.160 So when did when did mobile homes get the bad 0:21:28.280 --> 0:21:31.040 name of like trailer parks and trailer home Like when 0:21:31.080 --> 0:21:33.879 did that shift? Because you said at first it was 0:21:33.960 --> 0:21:37.240 luxury and then it obviously it kind of got tarnished 0:21:37.280 --> 0:21:40.320 and people have bad ideas when they think about that. 0:21:40.359 --> 0:21:42.800 So like, at what point did that even like you said, 0:21:42.800 --> 0:21:45.600 like trailer park trash stuff like that, how did that happen? 0:21:46.200 --> 0:21:48.040 So to my knowledge, it was an article. 0:21:48.280 --> 0:21:50.560 I'm not sure the exact year, but I think I 0:21:50.600 --> 0:21:53.040 know it was like in the late sixties and somebody 0:21:53.080 --> 0:21:56.920 had wrote a newspaper article about trailer trash and that 0:21:57.040 --> 0:21:59.080 just kind of stuck. The name just kind of stuck, 0:21:59.200 --> 0:22:00.399 and then of course moved play out. 0:22:00.400 --> 0:22:03.400 I think about horror movies, right, eight mile right. 0:22:04.040 --> 0:22:05.720 I tell you, when y'all said mobile homes, the first 0:22:05.720 --> 0:22:09.480 thing I thought was ozarks Yo, okay, must be similar 0:22:09.480 --> 0:22:09.760 to that. 0:22:10.760 --> 0:22:12.600 And so the ones they show on television or they 0:22:12.680 --> 0:22:14.919 depict I look at it. Honestly, it's almost like in 0:22:14.960 --> 0:22:17.440 the hood, right they depict like you know what they 0:22:17.800 --> 0:22:20.480 for example, Chicago, they're going to depict on certain shows 0:22:20.800 --> 0:22:22.880 that is just the gutter, you know what I mean. 0:22:22.960 --> 0:22:25.879 But at the same time, it's very nice mobile home. 0:22:25.920 --> 0:22:28.040 It's a luxury. People don't know. In San Francisco they 0:22:28.040 --> 0:22:31.320 have a mobile home park that literally million dollars mobile 0:22:31.359 --> 0:22:33.600 homes the same double wide that I can go purchase 0:22:33.640 --> 0:22:36.639 for fifteen thousand, it's going for eight million dollars in 0:22:36.680 --> 0:22:37.040 the area. 0:22:37.040 --> 0:22:37.680 In San Francisco. 0:22:37.760 --> 0:22:39.439 I saw Will Smith had a mobile home. It was 0:22:39.480 --> 0:22:41.840 cause like two million. It was like a two story 0:22:42.040 --> 0:22:45.240 mobile home. Travels like to movie sets with them. 0:22:45.320 --> 0:22:47.480 Okay, yeah, that's dope. All right, So now we got 0:22:47.480 --> 0:22:49.280 the backstories sitting down. In the second segment, we're going 0:22:49.320 --> 0:22:51.359 to go into some details and go over terms and 0:22:52.000 --> 0:22:52.879 key definitions. 0:22:53.640 --> 0:22:54.000 All right. 0:22:54.160 --> 0:22:56.560 So now we're gonna go over some key terms, definitions, 0:22:56.560 --> 0:22:59.639 things that nature. But before I start, we talked about pricing. 0:22:59.680 --> 0:23:03.560 But on average, since we're in Illinois, how much can 0:23:03.800 --> 0:23:05.840 does a mobile home court on average? 0:23:06.720 --> 0:23:09.520 So the average price in Illinois use mobile homes right 0:23:09.560 --> 0:23:13.320 as seventy five hundred. So if you're looking for something new, 0:23:13.359 --> 0:23:15.040 like if you get in a brand new home, they 0:23:15.040 --> 0:23:18.880 can start it right at about like thirty five forty thousand, 0:23:19.160 --> 0:23:19.720 all right. 0:23:19.800 --> 0:23:21.359 And one of one of the things that the negative 0:23:21.400 --> 0:23:24.000 connotations that go with mobile homes is that they're not safe. 0:23:24.000 --> 0:23:26.120 So one of the questions I ask was like, how 0:23:26.200 --> 0:23:27.760 safe are mobile homes? Man? 0:23:27.800 --> 0:23:28.560 I love that question. 0:23:28.720 --> 0:23:32.080 So, so mobile homes are actually since they're built in factories, 0:23:32.200 --> 0:23:36.960 they're wind tested, they're built to last outstand tornadoes and 0:23:37.359 --> 0:23:39.040 earthquakes and things like that. 0:23:39.119 --> 0:23:39.359 Right. 0:23:39.440 --> 0:23:41.679 The thing is unforcuning that you've seen maybe seeing in 0:23:41.800 --> 0:23:43.560 or so they may show they may show a mobile 0:23:43.560 --> 0:23:45.920 home park with like three three tops, you know what 0:23:45.960 --> 0:23:47.600 I'm saying, gone, But it's not. 0:23:47.600 --> 0:23:49.320 Like you know, back, I think, what's the movie and 0:23:51.200 --> 0:23:51.879 whatever it is? 0:23:51.920 --> 0:23:54.320 But anyway, with the houses flying all the way around 0:23:54.320 --> 0:23:56.000 and things like that, no, it's not like that they 0:23:56.040 --> 0:23:56.840 actually built safe. 0:23:56.920 --> 0:23:58.080 So what's the lifespan? Right? 0:23:58.119 --> 0:24:02.040 So sometimes like you know, a brownstone like be built 0:24:02.080 --> 0:24:04.119 in nineteen oh nine, what's the light span of a 0:24:04.119 --> 0:24:04.560 mobile home? 0:24:04.760 --> 0:24:05.280 Good question? 0:24:05.400 --> 0:24:10.240 So the older ones, anything that's built after nineteen ninety 0:24:10.440 --> 0:24:12.440 up to thirty years. The new ones are built to 0:24:12.520 --> 0:24:14.920 last within forty five to fifty five years. 0:24:15.080 --> 0:24:17.919 Okay, okay, So as far as you was explaining that 0:24:18.560 --> 0:24:23.760 title right, and it's different from like when you buy 0:24:24.440 --> 0:24:28.040 a home like a regular home and you have a deed, 0:24:28.320 --> 0:24:29.439 So can you explain that the. 0:24:29.480 --> 0:24:31.159 Process as far as like the title is a lot, 0:24:31.200 --> 0:24:32.760 it's just it's easy to do it, right. Yeah. 0:24:33.400 --> 0:24:35.560 Yeah. So as far as a mobile home, like, the 0:24:35.640 --> 0:24:38.320 mobile home is considered a motor vehicle, so it's kind 0:24:38.359 --> 0:24:41.440 of like a car. So when you are selling the asset, 0:24:41.720 --> 0:24:44.160 you're just going down to the DMV or whatever your 0:24:44.200 --> 0:24:47.520 motor vehicle department is in your state, and you're just 0:24:47.640 --> 0:24:48.800 transferring that title. 0:24:49.359 --> 0:24:51.040 That's it. Yeah, how long does it take? 0:24:51.720 --> 0:24:53.240 About two weeks to come back? 0:24:53.560 --> 0:24:56.800 So the closing, what's the typical closing from buying a 0:24:56.880 --> 0:24:59.440 home and having it up and running. 0:24:59.240 --> 0:25:03.360 Like yeah, so buy Honestly, it's like a day. I mean, 0:25:03.520 --> 0:25:06.280 so you buying a home, you of course we're dealing 0:25:06.320 --> 0:25:08.520 with the park, So we're gonna deal with the park manager. 0:25:08.880 --> 0:25:11.359 Our buyer has to sign some paperwork with the park. 0:25:11.440 --> 0:25:13.639 That's about thirty minutes to an hour that's signing the 0:25:13.720 --> 0:25:15.960 lease for that lot rent that we talked about earlier. 0:25:16.280 --> 0:25:18.399 After that, we normally take our buyers, we go to 0:25:18.440 --> 0:25:21.240 the D and B together, we do that paperwork, transfer 0:25:21.280 --> 0:25:24.639 the title. That's about again a fifteen minute process, and 0:25:24.680 --> 0:25:27.199 then they'll send a title back in the mail. That 0:25:27.280 --> 0:25:29.480 normally takes about two weeks, and then the new buyer 0:25:29.520 --> 0:25:31.720 will get the title, they'll own the asset now, and 0:25:31.720 --> 0:25:33.120 then we move on to the next deal. 0:25:35.000 --> 0:25:37.399 Yeah, So one of the things that were doing some research, 0:25:37.440 --> 0:25:41.040 it was like, there's a difference between modular homes and 0:25:41.160 --> 0:25:42.120 manufactured homes. 0:25:42.160 --> 0:25:43.120 What's the biggest difference. 0:25:43.400 --> 0:25:47.480 So, mogul of homes, more times you see concrete base 0:25:47.520 --> 0:25:52.120 where so they have like they are more applauded on cement, right, 0:25:52.280 --> 0:25:57.159 whereas a manufacturing home is they're literally sitting on cinder blocks. 0:25:58.280 --> 0:26:00.400 So that's why you see it's called skirting. You'll see 0:26:00.440 --> 0:26:04.399 like like some vinyl that's like right around the bottom 0:26:04.400 --> 0:26:06.920 of that, so that's what covers that. But the house 0:26:07.000 --> 0:26:08.760 is actually sitting on cinder blocks. 0:26:09.560 --> 0:26:12.800 So all right, what about insurance, like insurance for a 0:26:12.840 --> 0:26:16.680 mobile home, is it different from insurance to a regular home? 0:26:16.800 --> 0:26:20.720 Is it car insurance is it's actually transportation vehicle, Like, 0:26:20.720 --> 0:26:21.320 how does that work? 0:26:24.000 --> 0:26:27.720 Yeah, you literally can call, right, you literally can. 0:26:27.920 --> 0:26:30.920 So when it comes through, mobile home insurance is very 0:26:30.960 --> 0:26:33.359 similar to what you would get for homeowners insurance or 0:26:33.400 --> 0:26:36.760 renters insurance. So you literally can call like Geico Stay Farmed, 0:26:36.800 --> 0:26:39.080 like your normal insurance companies, and you let them know 0:26:39.119 --> 0:26:41.160 like you would like to get insurance on your mobile home. 0:26:41.359 --> 0:26:43.560 And the typical cost for that is about like fourteen 0:26:43.600 --> 0:26:45.760 fifteen dollars a month, so kind of similar to what 0:26:45.800 --> 0:26:47.320 you would pay for renters insurance. 0:26:47.480 --> 0:26:50.399 Wow, So what's the process, because you said, like the 0:26:50.440 --> 0:26:52.520 park owns the land, right, but you own the actual 0:26:52.520 --> 0:26:56.480 mobile home. What's the actual process to getting your mobile 0:26:56.480 --> 0:26:57.680 home into a park? 0:26:58.440 --> 0:27:01.880 So that process you really looking for a mobile home 0:27:01.880 --> 0:27:02.760 park owner. 0:27:02.480 --> 0:27:05.879 Who This episode is brought to you by P and 0:27:05.920 --> 0:27:09.000 C Bank. A lot of people think podcasts about work 0:27:09.040 --> 0:27:12.960 are boring, and sure they definitely can be, but understanding 0:27:13.000 --> 0:27:16.000 of professionals routine shows us how they achieve their success 0:27:16.080 --> 0:27:20.199 little by little, day after day. It's like banking with 0:27:20.280 --> 0:27:22.880 P and C Bank. It might seem boring to save, 0:27:23.040 --> 0:27:26.399 plan and make calculated decisions with your bank, but keeping 0:27:26.400 --> 0:27:28.840 your money Boring is what helps you live or more 0:27:28.880 --> 0:27:33.200 happily fulfilled life. P and C Bank Brilliantly Boring since 0:27:33.240 --> 0:27:37.520 eighteen sixty five. 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That's 0:28:43.000 --> 0:28:48.440 Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 0:28:48.560 --> 0:28:50.920 Let's Square handle the back end so you can keep 0:28:50.960 --> 0:28:52.160 pushing your vision forward. 0:28:54.520 --> 0:28:54.720 Hi. 0:28:54.960 --> 0:28:57.720 I'm Sherry Harris, owner of Life Source Water, as a 0:28:57.720 --> 0:29:01.040 new grandmother in lifelong Californian care about what's in the 0:29:01.080 --> 0:29:04.400 water my family uses every day. For over forty years, 0:29:04.480 --> 0:29:07.800 our whole house water system has protected Bay Area families 0:29:07.840 --> 0:29:10.960 with filtered water from every tap. Now we're offering a 0:29:11.080 --> 0:29:14.760 double dip in savings free basic installation plus an extra 0:29:14.800 --> 0:29:16.320 two hundred and fifty dollars off. 0:29:16.480 --> 0:29:17.600 That's up to twelve. 0:29:17.440 --> 0:29:20.120 Hundred dollars in savings. Call our factory at one eight 0:29:20.240 --> 0:29:23.240 hundred Water ninety nine or visit Life sourcewater dot com 0:29:23.320 --> 0:29:25.960 hurry offer in September thirty Quarrantine limitations apply. 0:29:26.080 --> 0:29:27.880 Who's looking for houses and right now it's like a 0:29:27.920 --> 0:29:31.360 gold rush, right like literally now out of the forty 0:29:31.360 --> 0:29:35.240 four thousand mobile home parks, four well sorry, four thousand 0:29:35.320 --> 0:29:37.720 are institutionally owned, mean like just corporations that own it. 0:29:38.000 --> 0:29:39.720 But it's really like the wow away because they see 0:29:39.720 --> 0:29:42.239 the opportunity cap rates are crazy on these things. So 0:29:42.720 --> 0:29:46.160 for them, what's happening is you have literally call like 0:29:46.160 --> 0:29:48.400 like bird dog watches. They're going to other people's parks 0:29:48.480 --> 0:29:50.680 right from another owner. So let's say Rashad has this 0:29:50.760 --> 0:29:54.040 park right now, he hires me to come in Troy's 0:29:54.080 --> 0:29:57.000 park to scout out some Oftroy's houses to take back 0:29:57.040 --> 0:30:00.000 to his park, like recruit. 0:30:03.040 --> 0:30:05.960 Trust me bro So, like, what's some of the incentives 0:30:06.000 --> 0:30:10.840 that a park a lot owner would say live in 0:30:10.840 --> 0:30:12.800 this lot as opposed to living that lot. 0:30:13.560 --> 0:30:15.280 So the one thing, the cooler thing in the newer 0:30:15.360 --> 0:30:17.600 mobile home parks, what they're trying to really do is 0:30:17.720 --> 0:30:19.800 make it a community based because that's one thing about 0:30:19.880 --> 0:30:22.320 mobile home parks get a bad rap. It's a really 0:30:22.360 --> 0:30:26.280 good community because everybody knows each other, right, So like 0:30:26.320 --> 0:30:28.560 for example, it may be you know, amenities in the park. 0:30:28.600 --> 0:30:31.880 We got parts, they got swimming pools and basketball. 0:30:31.280 --> 0:30:35.720 Courts in the mobile home park and yeah, yeah. 0:30:35.840 --> 0:30:40.640 It's like exactly yeah, And so it's really just an 0:30:40.640 --> 0:30:42.400 amenities like what can this park provide? 0:30:42.520 --> 0:30:42.680 Right? 0:30:42.720 --> 0:30:44.880 Like like one park, I love it because they give 0:30:44.920 --> 0:30:48.000 beautification awards for whoever has the best line, right some 0:30:48.080 --> 0:30:50.920 parks are pretty much like a concrete jungle. Are on concrete, 0:30:50.920 --> 0:30:52.760 but a lot of parts are I mean you have 0:30:52.880 --> 0:30:56.960 like huge backyards, gated fences and garages and like you'll 0:30:57.000 --> 0:30:59.040 be surprised at seeing some of the way this stuff 0:30:59.120 --> 0:30:59.680 is developed. 0:30:59.760 --> 0:31:02.200 So all right, so you have a mobile home, you 0:31:02.720 --> 0:31:05.120 put it in a lot, but that a lot has 0:31:05.160 --> 0:31:07.320 a backyard and all that, So you have to pay 0:31:07.320 --> 0:31:08.280 for that backyard. 0:31:08.600 --> 0:31:11.200 Is that part of just the lot fee? Like, how 0:31:11.200 --> 0:31:11.800 does that work? 0:31:11.920 --> 0:31:13.680 Yep, that's part of your lot fee. 0:31:13.800 --> 0:31:16.160 I look I equivalent to almost like taxes, right because 0:31:16.160 --> 0:31:18.640 I know here in Chicago, depending on single family home, 0:31:18.680 --> 0:31:21.840 you may be paying anywhere from three grand and six 0:31:21.920 --> 0:31:24.120 grand on your taxes, right, I look at it, that's 0:31:24.120 --> 0:31:25.760 the same as taxes if you kind of if you 0:31:25.760 --> 0:31:28.160 add that number, if you're paying three seventy five, you 0:31:28.160 --> 0:31:30.240 know a month when you look at the yearly, it's 0:31:30.280 --> 0:31:32.200 pretty much still in line with taxes. 0:31:32.200 --> 0:31:33.680 And some people pay in their cities. 0:31:33.800 --> 0:31:34.640 So in real. 0:31:34.520 --> 0:31:39.320 Estate, you know when people have multiple units, multiple assets, 0:31:39.320 --> 0:31:42.280 they have property managers. In the mobile home game, you'll 0:31:42.320 --> 0:31:45.640 have park managers. Is it similar to what's the differences 0:31:45.960 --> 0:31:46.800 in those two roles? 0:31:47.240 --> 0:31:50.440 So the park manager's role is really to oversee the park. 0:31:50.560 --> 0:31:54.080 For example, you know, make sure they's filling houses. You know, 0:31:54.320 --> 0:31:56.560 somebody's not paying their lot rent, make sure they send 0:31:56.600 --> 0:31:59.800 them their notices. A lot of parks have staff, so 0:31:59.840 --> 0:32:02.920 they have other handymen on the park. But the cool 0:32:02.920 --> 0:32:06.080 thing about it is they're not really most parts, don't. 0:32:06.080 --> 0:32:09.160 They do rentals, but they're not let's just say, like 0:32:09.320 --> 0:32:10.640 fixing everything in the house. 0:32:10.760 --> 0:32:11.520 Should you say that? 0:32:11.640 --> 0:32:13.160 Okay, that's so all right. 0:32:13.200 --> 0:32:16.480 So there's two types of communities, right, there's age restricted 0:32:16.520 --> 0:32:18.880 in family communities, yes, can you explain that? 0:32:19.800 --> 0:32:22.600 Yeah, so all age community would be like, you know, 0:32:22.800 --> 0:32:25.920 eighteen to really all ages. The restricted ones is the 0:32:25.960 --> 0:32:28.560 more they're normally fifty five and older, so it's more 0:32:28.600 --> 0:32:32.720 so retirement communities. And you normally see those like down 0:32:32.760 --> 0:32:38.840 south Florida West Coast, like Arizona, California, Las Vegas, like 0:32:38.880 --> 0:32:41.680 you'll see the more restricted communities in those areas. 0:32:42.320 --> 0:32:45.200 Okay, so how many people, like how many homes are 0:32:45.240 --> 0:32:48.360 in a typical community. 0:32:47.400 --> 0:32:48.040 So it varies. 0:32:48.040 --> 0:32:50.959 It could be anywhere from thirty upwards to five hundred homes. 0:32:50.960 --> 0:32:53.480 It really just depends on that particular park. 0:32:54.000 --> 0:32:56.120 And you said that they don't depart, manager doesn't come 0:32:56.160 --> 0:32:59.200 around to collect rent. Right, So what's the process when 0:32:59.200 --> 0:33:01.800 somebody doesn't pay? Is it the eviction process? Are the 0:33:01.880 --> 0:33:04.760 deadlines the same as state regulator? Or is it faster 0:33:04.800 --> 0:33:05.480 for mobile homes? 0:33:05.920 --> 0:33:09.520 Honestly, from what we see, parks don't play no games. Now, 0:33:09.920 --> 0:33:11.640 Like I'm gonna say this, Like most parks that we 0:33:11.720 --> 0:33:14.080 deal with, they give you ten days. Do you get 0:33:14.120 --> 0:33:15.880 a ten day notice? And then after that, I mean 0:33:15.920 --> 0:33:19.200 you can definitely pay. But if you're past that thirty days, 0:33:19.360 --> 0:33:22.800 they got paperwork already and they starting that eviction process. 0:33:23.120 --> 0:33:23.400 Wow. 0:33:23.600 --> 0:33:27.440 So all right, what's the maintenance on mobile homes? Is 0:33:27.480 --> 0:33:29.080 it car maintenance? 0:33:29.360 --> 0:33:29.600 Is it? 0:33:29.800 --> 0:33:32.040 House maintenance? Is the combination of bob you have to 0:33:32.120 --> 0:33:35.760 change the oil? Like, what's the deal with that? 0:33:36.640 --> 0:33:36.800 Bro? 0:33:38.960 --> 0:33:40.960 So I mean literally like regular house maintenance. 0:33:41.040 --> 0:33:41.120 Right. 0:33:41.160 --> 0:33:43.880 The cool thing about a mobile home all the materials 0:33:43.960 --> 0:33:47.600 are much cheaper than a traditional house, right, break and mortar, 0:33:47.800 --> 0:33:50.880 because you're dealing with most houses come with you know, 0:33:51.320 --> 0:33:54.560 vinyl floors, it coming with they say wall board instead 0:33:54.560 --> 0:33:57.960 of dry wall. So mostly your materials are are cheaper. 0:33:58.560 --> 0:34:00.160 So like mainness, I I tell people, if you on 0:34:00.200 --> 0:34:02.960 a full rehab on a mobile let's say a full 0:34:03.120 --> 0:34:05.440 gut twelve grand. 0:34:06.280 --> 0:34:10.480 So speaking of that, so you said fix fixed out, 0:34:10.520 --> 0:34:11.640 So I took. 0:34:11.480 --> 0:34:16.799 Some notes vinyl, it's real rock, it's foam installated, uh, 0:34:17.000 --> 0:34:20.400 cinder block. So like, all right, you're you're fixing up 0:34:20.440 --> 0:34:23.880 and your your rebuilding. 0:34:23.280 --> 0:34:25.959 A mobile home. Right, how does that work? 0:34:26.000 --> 0:34:27.880 Like you get a contractor to do that, and like 0:34:28.000 --> 0:34:30.200 how like what's the how do you do that? 0:34:30.239 --> 0:34:32.600 Like is it just like a regular home or so you. 0:34:32.520 --> 0:34:34.839 Can here's the thing. You can get a contractor. 0:34:35.760 --> 0:34:38.520 But there's a lot of people, a lot of mobile 0:34:38.560 --> 0:34:41.120 homes that use special contractors. Right, they just do mobile 0:34:41.120 --> 0:34:43.480 homes because a lot of the main well, the maintenance 0:34:43.480 --> 0:34:46.400 a lot of times cheaper, and the materials are cheaper. 0:34:46.800 --> 0:34:49.240 If I take somebody who has been doing all single 0:34:49.239 --> 0:34:51.200 family houses rehab, he comes to my mobile home, he 0:34:51.280 --> 0:34:52.319 trust me, my price is gonna be a. 0:34:52.280 --> 0:34:53.520 Little bit highercause what he used to. 0:34:53.719 --> 0:34:53.879 Right. 0:34:55.280 --> 0:34:57.440 But at the same time, we call him handyman. We 0:34:57.520 --> 0:35:00.440 got like a team of literally five guys, and when 0:35:00.480 --> 0:35:01.959 we need to rehab, we call them. 0:35:02.200 --> 0:35:02.960 They go ahead and do it. 0:35:03.000 --> 0:35:05.759 And the biggest thing for us, like man, shout out 0:35:05.800 --> 0:35:07.920 to my guy, packet Hood of States. But just like 0:35:08.040 --> 0:35:10.520 we keep it clean, safe and functional. That's our biggest thing, 0:35:10.520 --> 0:35:12.480 and that's his. We actually learned that model from him. 0:35:12.600 --> 0:35:16.279 Clean safe, clean, safe and functional and longest that's our 0:35:16.280 --> 0:35:17.880 biggest thing. Like we're not coming in there trying to 0:35:17.880 --> 0:35:20.880 do a bogus job because you have people mobile homes. 0:35:20.640 --> 0:35:23.560 Don't have inspections really like that, can you talk about that? 0:35:23.719 --> 0:35:24.000 Yeah? 0:35:24.040 --> 0:35:27.160 So it's really like again, since it's a it's a 0:35:28.000 --> 0:35:31.319 motor vehicle, asset is not as strenuous as a house 0:35:31.360 --> 0:35:35.359 like a process exactly exactly. And that's why for us, 0:35:35.360 --> 0:35:37.160 it's like, yo, we add this value because we're not 0:35:37.200 --> 0:35:38.960 gonna let nobody come in and tell us like, no, wait, 0:35:39.000 --> 0:35:42.880 this is only worth four grand, like no. 0:35:46.080 --> 0:35:48.600 So as far as like getting started, right, how much 0:35:48.640 --> 0:35:52.400 money do you need to get started in the mobile 0:35:52.400 --> 0:35:55.000 home real estate industry? 0:35:55.320 --> 0:35:57.960 I mean really, we always tell our students like little 0:35:58.000 --> 0:36:00.759 to no money. It really just depends on your market 0:36:00.880 --> 0:36:03.759 and really just how you're prospecting. You can literally like 0:36:03.800 --> 0:36:05.920 for me and Buyron, we don't really touch anything over 0:36:06.040 --> 0:36:08.600 five thousand. That's the strategy that we have created and 0:36:08.640 --> 0:36:11.440 stuck with. But even in like the higher markets like 0:36:11.480 --> 0:36:14.080 we always say, like you can wholesale mobile homes, like 0:36:14.160 --> 0:36:17.080 you can still literally go in and still we call 0:36:17.120 --> 0:36:19.560 it like being that helper in the situation and helping 0:36:19.560 --> 0:36:22.400 a family to sell their home. And then again you're 0:36:22.440 --> 0:36:24.480 going in with no money down. You're just now just 0:36:24.640 --> 0:36:27.000 marketing the home and then taking the profit off that 0:36:27.080 --> 0:36:28.880 and then still making sure that they get the amount 0:36:28.880 --> 0:36:29.560 that they're looking for. 0:36:30.080 --> 0:36:32.120 So how does the whole saling because I know anybody's 0:36:32.120 --> 0:36:34.000 not familiar with whole sealing real estate, It's like you're 0:36:34.000 --> 0:36:35.879 pretty much like the middle man. You never actually own 0:36:35.960 --> 0:36:38.040 the home, but you can make a profit. It's like 0:36:38.040 --> 0:36:40.480 if Troy wants to buy a home and you want 0:36:40.480 --> 0:36:42.239 to swim with sell home. You want to buy a home, 0:36:42.520 --> 0:36:44.160 and then I can come in and be like the 0:36:44.200 --> 0:36:47.120 middle person and then make like ten thousand and fifteen thousand, 0:36:47.160 --> 0:36:49.239 and I don't wait do any work. There's no risk, 0:36:49.280 --> 0:36:51.839 there's no money that I put up anything. Is it 0:36:51.880 --> 0:36:54.000 the same process for mobile homes. 0:36:53.800 --> 0:36:56.960 Yes, exact same process. You know you can put them 0:36:57.000 --> 0:36:59.600 on the contract and the reality of it right now 0:37:00.400 --> 0:37:05.000 in this market, it's really no competition that it's wide 0:37:05.080 --> 0:37:07.480 or like we're in Illinois, we only like that. We 0:37:07.640 --> 0:37:10.920 personally we know of ten other investors, but we've only 0:37:11.120 --> 0:37:15.320 met two and out of those and the newer ones 0:37:15.360 --> 0:37:16.480 are our students. 0:37:16.640 --> 0:37:17.000 Wow. 0:37:17.560 --> 0:37:20.200 So as you're talking, I'm thinking to myself, Right, yeah, 0:37:20.200 --> 0:37:23.000 it's cool to get the mobile home, right, but you 0:37:23.080 --> 0:37:26.040 said that the person that owns the land is the 0:37:26.040 --> 0:37:28.359 one who makes the proper How do I go about 0:37:28.400 --> 0:37:30.200 getting land? Do I have to buy a lot and 0:37:30.239 --> 0:37:32.120 then get lightn sent and have mobile homes on it? 0:37:32.160 --> 0:37:32.279 Like? 0:37:32.560 --> 0:37:33.520 What's that process? 0:37:33.760 --> 0:37:34.319 So that's dope. 0:37:34.320 --> 0:37:35.600 So for example, let's say we get a lot of 0:37:35.600 --> 0:37:37.920 people like, Yo, I got like thirty acres down in Mississippi, Like, 0:37:37.960 --> 0:37:38.759 can I put homes on it? 0:37:38.760 --> 0:37:40.759 It's like, yes, yes you can. 0:37:40.880 --> 0:37:44.000 You know, like honestly, if it's your land, yeah, I 0:37:44.000 --> 0:37:46.359 mean the biggest thing is like, for example, let's say 0:37:46.360 --> 0:37:48.520 you just got raw land, right, So yeah, now you're 0:37:48.520 --> 0:37:49.920 gonna have to get septic and you're gonna have to 0:37:49.920 --> 0:37:52.160 get the whale system installed on the high end that 0:37:52.200 --> 0:37:54.040 can run you up to like twenty two thousand on 0:37:54.040 --> 0:37:56.120 the low end, you get all that installed, I hope 0:37:56.160 --> 0:37:57.960 you stay under ten that'll be perfect. But let's say 0:37:57.960 --> 0:38:00.800 twelve five right now, move in the house, depending on 0:38:00.840 --> 0:38:04.240 where you're moving it from a lot of moving companies 0:38:04.239 --> 0:38:06.839 start off right about that thousand range. Longest it's under 0:38:06.920 --> 0:38:08.279 one hundred miles, depending. 0:38:08.040 --> 0:38:10.000 On what it is. Let's say on a high end, 0:38:10.280 --> 0:38:12.440 your move is five thousand. 0:38:12.520 --> 0:38:12.719 Right. 0:38:12.960 --> 0:38:15.680 You still you look, Let's say you all in thirty thousand, right, 0:38:15.760 --> 0:38:16.960 Now you go get a house. You want to get 0:38:16.960 --> 0:38:19.200 a brand new house. Now you all in. Let's say 0:38:19.200 --> 0:38:22.319 you got another forty thousand, right, So you're still under 0:38:22.360 --> 0:38:25.160 one hundred thousand dollars, right, and think about this. Now 0:38:25.239 --> 0:38:26.680 you can become the bank. Right, you can eat a 0:38:26.760 --> 0:38:29.759 lease that land out forever, or you can just either 0:38:29.760 --> 0:38:32.080 package that up and now sell the land in the house. 0:38:33.200 --> 0:38:37.200 Okay, So for buying it, do you buy it in 0:38:38.040 --> 0:38:40.239 an LLC or you just buy it like as a 0:38:40.239 --> 0:38:41.719 regular person, Like, how do. 0:38:41.640 --> 0:38:42.080 You do that? 0:38:42.520 --> 0:38:44.520 So when we started with buying our person, but now 0:38:44.560 --> 0:38:46.239 we purchase all our homes in LLC. 0:38:47.000 --> 0:38:48.959 Why just from protection standpoint? Yes? 0:38:49.000 --> 0:38:50.239 And then from there we go a head and roll 0:38:50.280 --> 0:38:51.960 them in a trust. 0:38:52.000 --> 0:38:53.839 Why can you talk about that the trust? Yeah? 0:38:53.840 --> 0:38:55.319 And it's really just keeping your name off out. 0:38:55.320 --> 0:38:57.680 We don't want people know how many assets we have 0:38:57.880 --> 0:39:00.120 and I mean, we just learned from a mentor that, hey, 0:39:00.200 --> 0:39:02.120 this is just an extra layer of protection. 0:39:01.840 --> 0:39:03.480 For us small businessman. 0:39:04.560 --> 0:39:04.839 You had. 0:39:05.120 --> 0:39:07.880 I saw your Instagram page. You said one property you 0:39:07.880 --> 0:39:09.760 could get one propert. I guess like in the area, 0:39:10.000 --> 0:39:12.120 well somewhere I don't know where in America, but you 0:39:12.120 --> 0:39:14.520 can get one property for forty five thousand dollars and 0:39:14.520 --> 0:39:16.759 that could generate an income of eight hundred dollars a month. 0:39:16.840 --> 0:39:19.600 Let's say, well you can get nine mobile homes for 0:39:19.600 --> 0:39:22.040 forty five thousand, and that generates an income of twenty 0:39:22.040 --> 0:39:26.799 seven hundred dollars a month. That's pretty impressive. 0:39:27.320 --> 0:39:32.279 Yeah, profit margins, Yeah, yeah, So I actually made that post. 0:39:35.239 --> 0:39:37.520 First, right, first lady of mobile homes. 0:39:37.920 --> 0:39:40.399 But I definitely did that just to kind of show 0:39:40.440 --> 0:39:42.520 the margins as far as you know, when we say, 0:39:42.560 --> 0:39:45.040 like mobile homes is the highest cash on cash return 0:39:45.080 --> 0:39:47.800 on any form of real estate. So in that specific example, 0:39:47.920 --> 0:39:50.040 I kind of used the numbers that I got from 0:39:50.080 --> 0:39:52.160 one of my relative friends who end up purchasing a 0:39:52.200 --> 0:39:55.319 property for forty five thousand. In that situation, she was 0:39:55.320 --> 0:39:57.760 a landlord. They were renting it out for eight thousand. 0:39:58.200 --> 0:40:01.000 So in that case, again we all it's looking long term, 0:40:01.080 --> 0:40:05.200 the sixty month terms, because we normally put our tended 0:40:05.239 --> 0:40:08.520 buyers on seller finance for sixty months. So in that case, 0:40:08.560 --> 0:40:10.640 if she's making in five years, she made a little 0:40:10.680 --> 0:40:12.840 bit over forty five thousand, so kind of close to 0:40:12.880 --> 0:40:15.359 like forty that forty eight thousand mark, So she made 0:40:15.360 --> 0:40:17.560 her money back. But I took that same number and 0:40:17.560 --> 0:40:19.239 I was like, look, let me compare that forty five 0:40:19.280 --> 0:40:21.399 thousand to what you can do in the mobile home game. 0:40:21.800 --> 0:40:24.400 So we're forty five thousand in the mobile home game. Again, 0:40:24.560 --> 0:40:26.880 if you're sticking at that five thousand dollars range that 0:40:27.000 --> 0:40:31.439 myself and Buyrons stick to, then yeah, nine houses, nine 0:40:31.480 --> 0:40:32.960 houses for forty five thousand. 0:40:33.080 --> 0:40:33.279 Right. 0:40:34.040 --> 0:40:36.480 Remember we talked a little bit about earlier about that 0:40:36.560 --> 0:40:40.080 seller finance putting our tenant buyers on payments. Now, if 0:40:40.120 --> 0:40:42.560 you're putting them on payments for a minimum of three 0:40:42.680 --> 0:40:45.480 hundred dollars a month, mind you, we're no landlords in 0:40:45.520 --> 0:40:48.680 this situation, so we have no landlord responsibility. 0:40:48.680 --> 0:40:49.600 We're playing the bank. 0:40:50.239 --> 0:40:53.080 So in that three hundred dollars a month of nine homes, 0:40:53.200 --> 0:40:55.560 you're looking at twenty seven hundred dollars a month. Again, 0:40:55.640 --> 0:40:59.680 in cash flow, So you already tripling your cash flow profit. 0:41:00.040 --> 0:41:01.759 So now let's look at five years. How much you're 0:41:01.760 --> 0:41:03.719 looking to make in five years. Oh, it's like over 0:41:03.719 --> 0:41:04.960 one hundred and sixty thousand. 0:41:05.040 --> 0:41:05.520 I can't remember. 0:41:05.520 --> 0:41:07.520 I think it's one hundred and sixty two thousand. So 0:41:07.600 --> 0:41:10.759 you've tripled your initial investment investing in mobile homes. So 0:41:10.800 --> 0:41:13.040 then it's like when people always ask us, like why 0:41:13.120 --> 0:41:14.440 do y'all stick to mobile homes? 0:41:14.640 --> 0:41:15.320 That's why? 0:41:15.760 --> 0:41:21.160 Right, she knows a number that was impressible. 0:41:23.000 --> 0:41:25.280 Yeah, in the next segment, we're going to talk about education, 0:41:25.520 --> 0:41:27.160 and we're going to talk about scaling and a few 0:41:27.200 --> 0:41:29.920 other things. All right, So in the last segment, we're 0:41:29.920 --> 0:41:32.439 going to talk about education scaling. But before I start, 0:41:32.480 --> 0:41:35.279 I want I just got a quick question. So all right, 0:41:35.320 --> 0:41:38.359 there's three different Like there's different ways like realicitional real estate, 0:41:38.400 --> 0:41:41.239 like you like buying whole and make money off of 0:41:41.320 --> 0:41:44.560 cash flow, or you can you know, flip properties. Right, 0:41:44.840 --> 0:41:47.120 So I know, right now your main focus is flipping. 0:41:47.160 --> 0:41:51.880 But is there is there profit in buying and wholding 0:41:52.040 --> 0:41:55.799 and getting like cash flow from mobile homes as well? 0:41:55.920 --> 0:41:56.120 Oh? 0:41:56.200 --> 0:41:58.320 Man, definitely. For example, Man, I got to give a 0:41:58.320 --> 0:42:00.239 shout out to one of our students, Herald. But he's 0:42:00.239 --> 0:42:02.880 down in Georgia and he purchased a mobile home for 0:42:02.880 --> 0:42:05.359 fifteen hundred, put a thousand into it. And what he 0:42:05.400 --> 0:42:08.000 did was he's an opportunity with truckers. He understand a 0:42:08.000 --> 0:42:10.399 lot of guys say extended stays. So he running out 0:42:10.440 --> 0:42:13.520 per room five hundred dollars per room of his mobile home. Right, 0:42:13.719 --> 0:42:15.279 So think about it. He got his money back in 0:42:15.400 --> 0:42:17.680 like three months. Now he making all profit. He just 0:42:17.719 --> 0:42:20.160 created one thousand dollars cash flow. Well, I'll say this, 0:42:20.239 --> 0:42:22.240 he paid I think his lot runs like three seventy 0:42:22.280 --> 0:42:25.520 five right right in in that right around that range. 0:42:25.520 --> 0:42:27.399 But at the same time you still bring it in close, 0:42:27.480 --> 0:42:30.560 you know, over six hundred bucks a month just cash flow. 0:42:30.680 --> 0:42:33.919 So the lot feed plus whatever your choice for rent, 0:42:33.960 --> 0:42:35.560 that's what gives you the total rent price. 0:42:35.680 --> 0:42:36.000 Correct. 0:42:36.040 --> 0:42:38.759 Okay, So what's your what's what's your vision to scale? Like, 0:42:39.120 --> 0:42:42.319 what's your what's your plans on scaling for your for 0:42:42.360 --> 0:42:44.000 your personal business brand? 0:42:44.400 --> 0:42:47.600 And so we definitely want mobile home parks. So the 0:42:47.760 --> 0:42:51.120 larger goal with that is to get an acquisition where 0:42:51.120 --> 0:42:54.080 we find somebody has a portfolio ten to twenty mobile 0:42:54.080 --> 0:42:56.239 home parks, just looking kind of just to retire, right 0:42:57.160 --> 0:42:59.919 and then pretty much purchased that portfolio and just build 0:43:00.000 --> 0:43:01.920 from there and really open up the floodgates for more 0:43:01.960 --> 0:43:03.160 people to invest in mobile homes? 0:43:03.719 --> 0:43:06.120 Is that just something like just being in an industry, 0:43:06.160 --> 0:43:08.120 You'll know, is there like a database you can see 0:43:08.160 --> 0:43:11.240 like these people own this amount of mobile parks? 0:43:11.440 --> 0:43:11.600 Right? 0:43:11.640 --> 0:43:13.279 So we've been doing our homework. We got the top 0:43:13.320 --> 0:43:16.920 one hundred companies that do it. Literally to be in 0:43:16.920 --> 0:43:19.480 the top one hundred. If you own over fifteen mobile 0:43:19.480 --> 0:43:21.560 home parks, you are in the top one hundred of 0:43:21.640 --> 0:43:22.240 the companies. 0:43:23.320 --> 0:43:25.279 How much does it cost for a mobile home park? 0:43:25.640 --> 0:43:28.200 So now the prices went up? I would say on 0:43:28.239 --> 0:43:31.160 an average for fifty paths plus, you're looking at it 0:43:31.160 --> 0:43:33.360 about like one point two depending on the region one 0:43:33.400 --> 0:43:34.080 point two mil. 0:43:34.320 --> 0:43:36.520 Two million really depends on the region. 0:43:36.560 --> 0:43:36.680 Right. 0:43:36.680 --> 0:43:38.840 I've seen parks for that has one hundred pass that 0:43:38.960 --> 0:43:40.440 was going for one point two. 0:43:40.239 --> 0:43:42.800 Milat is just the area that's designated for this Exactly 0:43:43.280 --> 0:43:45.319 how much revenue can that bring it on a year? 0:43:46.000 --> 0:43:46.320 Wow? 0:43:46.400 --> 0:43:48.520 So man, that's a great question. 0:43:48.600 --> 0:43:51.719 So for example, I look at it, if you have 0:43:51.800 --> 0:43:54.640 let's say you have two hundred paths, right, and then 0:43:54.719 --> 0:43:58.799 you're getting a you're getting four hundred bucks per pad 0:43:58.880 --> 0:44:03.000 normally most for a park to be occupied, fully occupied, 0:44:03.040 --> 0:44:06.359 you're looking at a good park. Ninety five percent ninety 0:44:06.360 --> 0:44:08.239 five percent of those houses are field. 0:44:08.400 --> 0:44:10.000 So if you look at your castle, I might pull 0:44:10.040 --> 0:44:11.040 out the calculated real quick. 0:44:11.560 --> 0:44:17.879 I heard you, dope, but no, I'll run head. But yeah, 0:44:17.920 --> 0:44:20.680 I mean I'm trying to think. But the cash law. 0:44:21.040 --> 0:44:23.120 I know I had some some parks that pretty much, 0:44:23.120 --> 0:44:25.480 but they're like netting per month in the you know, 0:44:25.520 --> 0:44:29.759 in six figure range and just net after everything. So 0:44:30.000 --> 0:44:31.359 I mean literally a lot of. 0:44:31.880 --> 0:44:33.279 Like after a year, you can probably get you a 0:44:33.360 --> 0:44:36.480 million back. Oh yeah, and then one hundred thousand let's 0:44:36.480 --> 0:44:38.239 stay on the low end, one hundred thousand a month 0:44:38.760 --> 0:44:42.000 you'd be making from that, yes, but like maintenance, you 0:44:42.000 --> 0:44:43.719 gotta have like maintenance keeping. 0:44:43.480 --> 0:44:44.200 All that maintenance. 0:44:44.239 --> 0:44:44.479 Guys. 0:44:44.480 --> 0:44:45.920 You may if you have a park manager. 0:44:45.960 --> 0:44:48.960 That comes with your costs of course taxes, right, But 0:44:49.040 --> 0:44:51.080 a lot of times if you the thing what I've 0:44:51.160 --> 0:44:53.239 learned about in the mobile home park, if you give 0:44:53.320 --> 0:44:56.480 your uh, if you give the tenants more responsibility, so 0:44:56.560 --> 0:44:59.920 they're responsible for water, they're responsible that's how you cut costs, so. 0:45:00.160 --> 0:45:01.239 The utilities up to them. 0:45:01.400 --> 0:45:04.960 Yes, right, okay, so you guys are teaching people how 0:45:05.000 --> 0:45:07.120 to get into the industry as well, right, how are 0:45:07.120 --> 0:45:07.640 you doing that? 0:45:08.440 --> 0:45:08.560 So? 0:45:08.600 --> 0:45:11.279 Man, we got several products, We got an ebook, we 0:45:11.320 --> 0:45:14.960 have an e course, we do group coaching, We do 0:45:15.200 --> 0:45:18.279 our free live webinar every Wednesday, just to kind of 0:45:18.280 --> 0:45:20.759 get people acclimated, because that's the biggest thing. Like we 0:45:20.760 --> 0:45:23.080 look at it like we wish somebody would have showed 0:45:23.120 --> 0:45:26.640 us this years ago. And then we see the opportunity 0:45:26.640 --> 0:45:29.200 and it's low competition. Like literally, I don't care if 0:45:29.200 --> 0:45:31.520 it's ten thousand people that started tomorrow, it's not gonna 0:45:31.520 --> 0:45:32.479 be saturated, all. 0:45:32.400 --> 0:45:35.120 Right, So y'all are selling people the mistakes that y'all 0:45:35.120 --> 0:45:35.920 made exactly. 0:45:36.080 --> 0:45:37.520 So being at y'all in. 0:45:37.480 --> 0:45:39.040 This industry and it was new to y'all, what are 0:45:39.120 --> 0:45:41.839 some of the mistakes that you made during your first deal? 0:45:42.960 --> 0:45:46.200 Well, I would say one mistake we made being new investors. 0:45:46.280 --> 0:45:49.120 We was at a park and the park managers they 0:45:49.160 --> 0:45:51.359 were actually they had just brought the park as well, 0:45:51.440 --> 0:45:53.640 so it was new for them too, and they were 0:45:53.680 --> 0:45:57.319 showing us a house and you know, just talking, we 0:45:57.360 --> 0:45:58.280 actually made the mistay. 0:45:58.320 --> 0:46:01.560 Well it actually wasn't. We was Byron's. 0:46:04.520 --> 0:46:08.600 Right right to it, but he made the mistake of 0:46:08.680 --> 0:46:12.040 letting them know how much capital we had, right, so 0:46:12.080 --> 0:46:13.960 he ended up telling them like, oh, yeah, we got 0:46:14.000 --> 0:46:19.239 about ten thousand, right right. So of course you know 0:46:19.560 --> 0:46:22.839 they tried to well, we say fanessa us. They tried 0:46:22.880 --> 0:46:26.120 to faness us out of a deal and pretty much 0:46:26.160 --> 0:46:28.359 was showing us a home that we knew was only 0:46:28.400 --> 0:46:30.440 worth about maybe a couple of thousand, but he was 0:46:30.440 --> 0:46:32.120 trying to sell it to us for about I think 0:46:32.160 --> 0:46:34.040 four to five and then saying like we would say, 0:46:34.040 --> 0:46:36.200 I have to put another five into it for rehab, 0:46:36.440 --> 0:46:38.799 pretty much taking up all of our capital for our 0:46:38.840 --> 0:46:42.120 first deal. So we quickly learned like, yeah, you gotta 0:46:42.200 --> 0:46:45.640 hush your mouth when you're going out to invest, and 0:46:45.880 --> 0:46:47.040 you know some other mistakes. 0:46:47.560 --> 0:46:49.839 Bring us time, man, not winter rise in the house 0:46:49.880 --> 0:46:53.799 in the winter, like those pipes since they're above ground. Man, 0:46:53.880 --> 0:46:57.000 that was and it's not bad, like honestly, literally the 0:46:57.000 --> 0:46:58.400 first time I tried to go a cheap route, so 0:46:58.400 --> 0:46:59.719 I hired a guy told me he could do it 0:46:59.719 --> 0:47:04.720 for two fifty Plumbingah, let's go, and he just literally yeah, 0:47:04.760 --> 0:47:06.840 I've paid for it and then I had to pay another 0:47:06.880 --> 0:47:09.800 five but again seven hundred and fifty dollars for plumbing, 0:47:10.400 --> 0:47:12.160 right like where they do that? 0:47:14.280 --> 0:47:17.240 So what about lack of market rehouse? 0:47:17.280 --> 0:47:18.400 So that that was one of the mistakes that a 0:47:18.440 --> 0:47:20.080 person could make, right as far as like not knowing 0:47:20.480 --> 0:47:20.920 the market. 0:47:21.280 --> 0:47:24.839 We get so many dms of people that just maybe 0:47:24.880 --> 0:47:26.960 jump on a webinar or and I get it because 0:47:27.000 --> 0:47:30.040 it is exciting, right, but you still it's it's terms, 0:47:30.120 --> 0:47:32.600 and it's just it's not a lot, right. But if 0:47:32.640 --> 0:47:34.600 you try to jump in there and not really knowing, 0:47:35.239 --> 0:47:37.160 it can cost you more money because most people here, 0:47:37.200 --> 0:47:38.719 like man I can start with five thousand and then 0:47:38.719 --> 0:47:41.320 they'll take that five thousand and then and it's like, okay, 0:47:41.320 --> 0:47:43.799 well what about we always tell you the budget for 0:47:43.880 --> 0:47:45.720 a lot of rent, right, that's part of your expense. 0:47:46.040 --> 0:47:48.600 If we tell you negotiate a lot rent. Sometimes parkrounders 0:47:48.680 --> 0:47:50.680 may say, hey, you know what, like let us rehabits. 0:47:50.719 --> 0:47:52.440 We'll give you a month for two free. But if 0:47:52.480 --> 0:47:54.480 you're not, you still got to incorporate that into your costs. 0:47:54.480 --> 0:47:56.920 It can take you on a loan again six months 0:47:56.920 --> 0:47:59.360 to sell your house. Right, So you got to just 0:47:59.400 --> 0:48:01.919 incorporate the little cost that can add up. 0:48:02.000 --> 0:48:03.799 On the rental side when you're getting people to run. 0:48:04.040 --> 0:48:06.640 What's the turnover of people to tying in six monthies 0:48:06.840 --> 0:48:09.040 or like you said, some of the truckers do maybe 0:48:09.080 --> 0:48:09.440 a monthly. 0:48:09.719 --> 0:48:10.360 What's the turnover? 0:48:11.200 --> 0:48:15.120 So honestly, most people we realize that they're willing to 0:48:15.160 --> 0:48:17.920 they're willing to stay at five years max. And mobile 0:48:17.920 --> 0:48:19.640 home parks because you have to think about it, just like 0:48:19.640 --> 0:48:21.279 I look at like this. It's just like the hood, right. 0:48:21.360 --> 0:48:23.280 It's certain parts of the hood that's just the gutter 0:48:23.760 --> 0:48:25.160 that people know they want to make it out to 0:48:25.200 --> 0:48:26.399 and then they move to another part of the hood 0:48:26.400 --> 0:48:28.000 that's a little bit better, but they still want to 0:48:28.000 --> 0:48:28.399 move out. 0:48:28.400 --> 0:48:29.480 So it's levels to it. 0:48:29.600 --> 0:48:32.360 Right, Unless you were just in a in a mobile 0:48:32.360 --> 0:48:34.880 home park in Miami off the water, you probably not 0:48:34.960 --> 0:48:36.120 you know what I mean, Like you want to stay 0:48:36.160 --> 0:48:37.200 there for ten years plus? 0:48:37.280 --> 0:48:37.520 Right? 0:48:37.920 --> 0:48:41.520 But you know so honestly, for us, we provide anywhere 0:48:41.600 --> 0:48:45.440 from two upwards to ten years, but normally most of 0:48:45.520 --> 0:48:48.200 our average is like three to five years. But the turnover, 0:48:48.800 --> 0:48:51.640 we rarely get people that want to leave unless they're family. 0:48:51.680 --> 0:48:54.320 Like for example, we had a family that a couple, 0:48:54.400 --> 0:48:57.120 they respecting that third child, so you know they need 0:48:57.160 --> 0:49:00.480 more space now, so in that case, but normally they're 0:49:00.480 --> 0:49:00.919 gonna stay. 0:49:01.400 --> 0:49:03.640 So I saw on your page also you said that 0:49:03.680 --> 0:49:07.160 people mistake is buying high and selling low. Right, So 0:49:07.920 --> 0:49:09.960 all right, how do you like, Well, how has that 0:49:09.960 --> 0:49:12.600 happened in the in the in the mobile home world. 0:49:13.080 --> 0:49:16.200 Yeah, so I'm gonna say this profit is profit, but 0:49:16.280 --> 0:49:17.759 we I'm not gonna say we teach you how to 0:49:17.800 --> 0:49:19.359 be greedy, right, we teach you how. 0:49:19.239 --> 0:49:20.680 To make large returns. 0:49:21.480 --> 0:49:23.560 So yeah, for example, if I buy a house for 0:49:23.600 --> 0:49:27.520 ten thousand, and with our system, you know, you turn around, 0:49:27.560 --> 0:49:29.400 you only make two grand off or you make twelve. 0:49:30.160 --> 0:49:32.000 I'm happy for you that you made money, but it's 0:49:32.080 --> 0:49:34.759 just like you know, you left way more money on 0:49:34.840 --> 0:49:36.800 the table. So that's the way we look at it, 0:49:36.840 --> 0:49:38.560 especially if you look at the long term, right, like 0:49:38.920 --> 0:49:41.080 if when you do sell a finance again, if you 0:49:41.120 --> 0:49:44.480 take a minimum of three hundred dollars for sixty months, 0:49:44.520 --> 0:49:45.480 that's eighteen grand. 0:49:46.120 --> 0:49:48.160 So what got you into education? Like what made you 0:49:48.200 --> 0:49:51.760 want to spread awareness and teach people how to actually 0:49:51.800 --> 0:49:52.160 do this? 0:49:53.320 --> 0:49:53.520 Man? 0:49:53.640 --> 0:49:56.480 Be honest for myself like that was already my call, 0:49:56.520 --> 0:49:59.160 and I've been doing a lot of mentoring. I've already 0:49:59.160 --> 0:50:01.920 doing a lot of coaching, and honestly, God's hot. I 0:50:02.000 --> 0:50:03.879 never would have sold myself if God would have showed 0:50:03.880 --> 0:50:06.319 me the picture like yo, yeah, next year, you're about 0:50:06.320 --> 0:50:07.279 to be doing these mobile homes. 0:50:08.080 --> 0:50:09.680 I'm like, bro, you know, come on. 0:50:12.960 --> 0:50:16.080 But it's just he had a bigger a bigger picture 0:50:16.120 --> 0:50:19.120 for us, and I mean both of us and uh man, 0:50:19.160 --> 0:50:20.839 it was just like dope to even see shar Niche 0:50:21.000 --> 0:50:23.040 just like, yeah, let's let's let's go right. 0:50:23.280 --> 0:50:25.319 Yeah, Like I told him, like once we did our 0:50:25.320 --> 0:50:27.200 first couple of deals, I think. 0:50:27.000 --> 0:50:28.920 We say like right here, and I told him, like, 0:50:29.080 --> 0:50:29.839 we gotta show this. 0:50:29.880 --> 0:50:31.759 We got to teach this to our people because there's 0:50:31.760 --> 0:50:33.640 so many I know, so many other investors who have 0:50:33.719 --> 0:50:35.719 been trying to wholesale, who've been trying to get into 0:50:35.760 --> 0:50:38.520 traditional real estate, but again there's certain factors that have 0:50:38.640 --> 0:50:41.640 been stopping them, like credit capital, they can't get started. 0:50:41.680 --> 0:50:43.840 So once I found this, I was like, come on, 0:50:43.960 --> 0:50:45.920 like this is bigger than us, like this for the people. 0:50:46.160 --> 0:50:50.400 So I had you have students, so obviously they go 0:50:50.440 --> 0:50:53.680 through the webinar. Are you guys, coaching them after as 0:50:53.680 --> 0:50:55.680 well as and bringing them to their first deals. 0:50:56.040 --> 0:50:56.279 Yeah. 0:50:56.320 --> 0:50:58.840 So we always say anybody who investing in the program, 0:50:58.920 --> 0:51:01.279 like you family, hit us up, like we don't want to. 0:51:01.400 --> 0:51:04.200 We're not that type of like okay by program and 0:51:04.200 --> 0:51:05.799 then go out on your own and do it right. 0:51:05.880 --> 0:51:07.560 If you don't hit us up, that's on you, you 0:51:07.640 --> 0:51:09.000 know what I mean. But we really it's like an 0:51:09.040 --> 0:51:11.279 open book because that's the thing is just like the 0:51:11.320 --> 0:51:13.960 more the more success, the more success that they have, 0:51:14.440 --> 0:51:16.680 like that's just I mean, that's joy for us. But 0:51:16.719 --> 0:51:18.520 it's just like what we're doing is just we we 0:51:18.800 --> 0:51:20.200 help and create wealth for them. 0:51:21.000 --> 0:51:22.520 Right, That's dope. That's dope. 0:51:22.600 --> 0:51:28.920 So all right, well thank you, we appreciate it. So 0:51:28.960 --> 0:51:31.560 all right, how what's the information for your courses? How 0:51:31.560 --> 0:51:35.000 can people contact you? How can they check out all 0:51:35.040 --> 0:51:36.560 of your programs that you have going? 0:51:37.520 --> 0:51:41.160 Yeah, so for one man, Instagram is really our main page. 0:51:41.480 --> 0:51:46.160 Follow us at at I'm sorry at Mobile Home Elite Investors. 0:51:46.719 --> 0:51:48.560 There you can literally click the link in the bio 0:51:48.920 --> 0:51:51.239 that can get you can access to the course. We 0:51:51.320 --> 0:51:55.879 have a private Facebook group ebook even need a payment plan, 0:51:55.960 --> 0:51:58.879 that's what we have. Private coaching whatever you really need. 0:51:58.920 --> 0:52:00.640 That's what we you know, we get our program to 0:52:00.680 --> 0:52:02.880 help everybody. We got something for everybody. 0:52:03.440 --> 0:52:05.360 Dope dope, dope suy. 0:52:05.560 --> 0:52:05.719 Yeah. 0:52:05.760 --> 0:52:07.960 Shout out to everybody on patreon dot com. That's our 0:52:08.000 --> 0:52:11.120 prow to Proud to Pay program. Everybody that's been supporting 0:52:11.160 --> 0:52:13.440 on there. There's five tiers. You can join any tear. 0:52:13.239 --> 0:52:15.600 That you like. This bonus foot is there, this bonus content. 0:52:16.200 --> 0:52:17.759 Just want to give a good shout out quick shout 0:52:17.760 --> 0:52:20.520 out to our new members Jada and Marquise and h 0:52:20.680 --> 0:52:26.799 Christian and Derek as well. They've joined and some of 0:52:26.840 --> 0:52:28.879 them have joined the Tier five's and joined the Tier two. 0:52:29.680 --> 0:52:32.000 Anything that you provide is a blessing to us because 0:52:32.000 --> 0:52:33.840 it allows us to come here, come to Chicago, go 0:52:33.840 --> 0:52:37.160 to other cities, and should highlight some hometown heroes and 0:52:37.200 --> 0:52:39.120 so this this is great and we learned every time 0:52:39.360 --> 0:52:41.439 that we do an episode, we learned something new. So 0:52:41.480 --> 0:52:43.720 thank you to everybody on Patreon. Thank you to everybody 0:52:43.719 --> 0:52:45.560 on any leisure dot com that's purchased the merch. I 0:52:45.600 --> 0:52:48.080 think it's the first episode that everybody had the merchant. Yeah, 0:52:48.400 --> 0:52:51.640 so shout out everybody that's been purchasing the Merch. We 0:52:51.719 --> 0:52:53.560 got our tour shirts up there as well, so feel 0:52:53.560 --> 0:52:54.120 free to get that. 0:52:55.080 --> 0:52:58.440 Yeah man, yeah, and yeah, asks overliabilities. That's what we're 0:52:58.480 --> 0:53:01.160 running with. So shout out to Chicago to good city. 0:53:01.320 --> 0:53:05.239 Chicago has been very hospitable to us. And this is 0:53:05.320 --> 0:53:08.120 actually the first one of our hometown heroes. We're actually 0:53:08.120 --> 0:53:10.440 going to be releasing another episode with the Downing Brothers. 0:53:10.600 --> 0:53:15.400 They are Chicago celebrities. They got an AHGTV show and 0:53:15.560 --> 0:53:18.040 they're interesting because they're actually firefighters, but they're also real 0:53:18.120 --> 0:53:21.520 estate investors as well, and they also television stars as well, 0:53:21.600 --> 0:53:23.439 so they have an interesting story. So so make sure 0:53:23.440 --> 0:53:26.080 you check that out as well. And that choice said 0:53:26.120 --> 0:53:28.680 the merch, but don't forget our workshop series as well. 0:53:28.760 --> 0:53:33.080 Our workshop is ten seventeen that's going to be financing 0:53:33.200 --> 0:53:36.680 financing for first time real estate investors, how to finance 0:53:36.719 --> 0:53:39.200 your first real estate deal. That's going to be in 0:53:39.280 --> 0:53:42.080 person in Brooklyn, but it's also going to be live 0:53:42.120 --> 0:53:44.560 stream for anybody. You can go to the events tab 0:53:44.640 --> 0:53:46.839 on our website or your leision dot com to check 0:53:46.920 --> 0:53:50.560 that out. And also, as you guys know them, a 0:53:50.640 --> 0:53:53.359 financial advisors, So if you want to hit me up 0:53:53.400 --> 0:53:56.440 for a thirty minute consultation anything from retirement planning and 0:53:56.480 --> 0:54:00.839 state planning, life insurance investing, anything like that. Calendar is 0:54:00.920 --> 0:54:03.480 also on Earn Lesion dot com. And as I said, 0:54:03.520 --> 0:54:05.200 that is a thirty is not to pick my brain. 0:54:05.239 --> 0:54:10.200 Please please do not just call me for unrelated random questions. 0:54:10.760 --> 0:54:12.439 I'm being very generous for my time. 0:54:12.520 --> 0:54:13.520 Yeah, so it's. 0:54:13.360 --> 0:54:17.879 Specifically targeted for people that are interested in getting help 0:54:18.000 --> 0:54:21.600 in those areas. But yes, that is on early Legion 0:54:21.640 --> 0:54:23.719 dot com. And the book Tip of the Week is 0:54:23.760 --> 0:54:26.759 A Step by Step guy to Buy and Sell Mobile Home. 0:54:26.800 --> 0:54:31.880 You know who wrote that book? Yeah, our guy Byron 0:54:31.880 --> 0:54:34.360 wrote that blook. It's actually his last name is Sellers, 0:54:34.360 --> 0:54:37.040 which is actually very interesting, very fitting. When he told me, 0:54:37.080 --> 0:54:40.880 I'm like, is that like a stage name, like like 0:54:41.239 --> 0:54:43.839 selling homes? And his last name is Sellers So he's 0:54:43.880 --> 0:54:47.080 god plant. So yes, check that And that's the e 0:54:47.160 --> 0:54:49.880 book right, yes sir, yes, yes, so make sure you 0:54:50.000 --> 0:54:52.520 check them out. This is very very good episode for 0:54:52.640 --> 0:54:55.480 us and blessings to you. You know, it's it's it's 0:54:55.520 --> 0:54:58.640 extremely encouraging to see any young entrepreneurs, but especially a 0:54:58.640 --> 0:55:02.640 couple that you know had start. It's not always all 0:55:02.680 --> 0:55:04.799 good times either right, issues when you first start, but 0:55:04.880 --> 0:55:07.400 to see you guys, you know progression and I'm insprested 0:55:07.560 --> 0:55:09.640 to see next year, five years, ten years. 0:55:09.680 --> 0:55:11.760 I'll be following your journey. I'll be rooting for you guys, 0:55:11.760 --> 0:55:13.160 for sure, for sure. 0:55:15.040 --> 0:55:18.799 To your home. People look at the back and they're like, yo, 0:55:18.880 --> 0:55:19.720 I like the new setup. 0:55:22.800 --> 0:55:27.480 Yeah, yes, we will see you guys next week. Peace, pease, peace. 0:55:29.160 --> 0:55:33.040 You just realized your business needed to hire someone yesterday. 0:55:33.560 --> 0:55:38.280 How can you find amazing candidates fast? Easy? Just use Indeed. 0:55:38.719 --> 0:55:41.439 Stop struggling to get your job posts seen on other 0:55:41.560 --> 0:55:45.200 job sites. With Indeed sponsored jobs, your post jumps to 0:55:45.239 --> 0:55:47.759 the top of the page for your relevant candidates, so 0:55:47.880 --> 0:55:50.880 you can reach the people you want faster. 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