Nicole Briscoe, head coach for Mobile Home Elite Investors, shares five tips for starting out: put up cheap bandit signs and post on Facebook, check online marketplaces and local dealers to learn prices, skip moving your first home because permits and reconnections cost more than you think, drive neighborhoods and talk to park managers to find sellers, and just start.
Questions this video answers
$3,000 to $6,000 (depends on state/area, mover availability, permits, reconnections).
About $3 for a pack of blank yard signs.
Nicole Briscoe, aka 'Mobile Home Mommy', head coach for Mobile Home Elite Investors.
Mobile home mommy. What's up everybody? It's your girl. Nicole Briscoe, AKA the mobile home Mommy, AKA the head coach for Bow Mobile Home Elite Investors. I'm here on site at one of my mobile homes getting some plumbing done. But I wanted to come to you all to bring you five tips for newbie mobile home investors. Let's get into it. Number one, market yourself. You need to get you some bandit signs. Don't worry about the pretty ones where you got to go online and order it and say we buy mobile homes and a phone number. You can go to Walmart, you can pick up a pack of mobile home, excuse me, a pack of blank yard signs for $3 and right, we buy mobile homes with the number on it and start placing those bandit signs out. Number two, virtual bandit signs. Join the Facebook. Join local Facebook groups in your area and put on virtual flyers. I buy mobile homes. We buy mobile homes. And just placing it everywhere so everyone knows what you're doing. Number three, family and friends, church members, you need to let everybody know what you're doing. I acquired one of my very first deals by letting one of my family members know I'm in the mobile home investor. Now, it's nothing to be embarrassed about because you're trying to create money in your pocket. Number two, do your research. The number one question that I get is how much can I sell my mobile home for? How much are they selling for in my area? You know what I need you to do? I need you to go on the Facebook marketplace, Craigslist offer up and see how much the mobile homes are going for in your area. If you can't find any mobile homes, contact local licensed dealers, mobile home dealers in your area. Hey, how much would you take for a trade in a 1993 bedroom, two bath Oakwood mobile home? Use your resources. Contact them to see what their trade in value is. Just to get a general idea of what you can be buying and selling your mobile homes for. Number three, ready? Don't move your first mobile home. Listen to me. Don't move your first mobile home. I'm trying to help you. You will incur extra fees to move a mobile home. It is anywhere from three to six thousand dollars depending on your state and your area. How backed up the mobile home mover is permits. You have to pay permits to said county that you're moving it into. You have to pay to get the house replumbed. Front and back door steps. You incur all of those reconnection fees and moving fees. So don't Move your first mobile home if at all possible. I know you want it so bad because it's free, 99, but be careful because there's a lot of hidden expenses. And number four, you gotta grind. Y' all don't inbox me and say I tried. I looked on Facebook, craigslist, I couldn't find no mobile homes for sale. Get out there and drive for doll. Get out there and drive for dollars. Pull up on the mobile home parks. Hey, how you doing? I'm John. I'm looking for some used mobile homes for sale. Do you know any used mobile homes for sale? No. You gotta drive through and see for sale signs on a mobile homes. You drive through the park, you don't see mobile home signs on the window for sale, but you see neighbors outside. What should you do to the neighbors? Pull up on them. Hey, how you doing? I was told it's a mobile homes for Sal, this part. Do you know anybody selling their mobile home? They may say, you know what, Cheryl? Three mobile homes down with the red door actually said she was selling her mobile home to move closer to be with her granddaughter. You have to talk to people to know what's going on. You'll be surprised when you talk to people. Alright, not only do you drive for dollars, I need you to, like I said earlier, call mobile home parks. Hey, I'm John. I'm looking for a used mobile home for Sal. They may not have any for sale, but like I said, they can lead you to someone in the park that may have one. And number five. Number five is so important, it could be number one, two, three, four and five. You gotta jump. You have to take action. You cannot build generational wealth. You cannot leave your job. You cannot get out of where you're at if you do not take action. Okay? You failed the first time you did it. Try again. Okay, you couldn't find a mobile home and it's been a month. Keep going. Because I promise you, once you get that first deal, once you get that first deal and your name gets out there, they keep on rolling. They'll be rolling in, y'. All. They will be rolling in. So again, it's your girl, Nicole Briscoe, AKA Mobile Home Mommy. AKA head coach for Mobile Home Elite investors, giving you five tips for newbies for mobile home investing. Until next time, peace.
