As I read through these posts, and really ask myself some tough questions I’m left with one thought that keeps coming to my mind. What makes these other big investors more successful than I?
I made the plunge 4 1/2 years ago, and acquired a 16 SW owner owned park with two single family dwellings. I was able to do this with very little money down. $4K on a $240k loan. I’ve put a lot of sweat equity into the park and have since expanded by adding a small (19 unit) storage building facility and 6 new mobile home sites with trailers. Monthly income is about $8k, as my cash flow is good. But at my current rate, reaching my financial goals will be hard to reach. So I’m back to my initial question. What makes the other investors more successful? More cash to invest? (My available cash is limited) How about financial knowledge and creativity? (I read Ernest Tews articles and ask, why couldn’t I have been there, although I admit I’m somewhat green when it comes to some of these financing “tricks”) Perhaps its about being willing to take the risks? (I’ve always been considered a “Savy risk taker”). Maybe I’m not patient enough? Too patient? I’m interested in knowing what you all have to say about this. What would you consider your biggest asset? What one piece of advice would you give someone wanting to “GO BIG”? I’d love to be able to attend the Mobile Home Millions 5 National Conference in March, but I’m gonna be tied up then. I’m still trying to make arrangements to be able to attend the MOM in January but that might be difficult too. Anyway, I’d like some feedback on what you all have to say? Thanks in advance.