Can you spot the opportunities around you? #realestate #realestateinvesting #money #realestateagent

1 Aug 2023 · 1 min

Watch on YouTube

0:43

Short YouTube talk by Steve D Valentine encouraging listeners to spot opportunities within their industry. He gives an anecdotal example of manufactured-home investing: buying land in Peoria, placing a new single-family/manufactured home, refinancing, and renting it for income, highlighting purchase and return numbers.

Questions this video answers

$40,000

$127,000

$200,000

$300,000

$2,000 per month

Chapters

Who are some of the people that make the greatest money. And he says those that see the opportunity in their own industry. So art dealers, somebody brings them a piece of art they don't know anything about, they walk into a pawn shop or if they're my wife, they come home with Pyrex and Pyrex and Pyrex. Because we have this massive Pyrex collection. You start seeing opportunities. When you're in this business, if you know a subdivision, you see opportunities. Recently, one of our new fun things that we're doing, I'm like, I'm going to be the manufactured home king. Because I'm like, wait, look at what you can do with these. We bought a $40,000 lot out in Peoria. We own the land. We dropped $127,000, 1500 square foot brand new home on it. We're into that thing for 200. It's worth 300. We refinanced it. It rents for $2,000 a month. Mike sweet. Let's do more of these.