Has anyone bought the mobile home course by John Fedro, Mobile Home
Madness? I just wanted to see what you think of it. I’ve read Deals on Wheels
but he says that he is teaching creative techniques in mobile home investing
that no one else is teaching. I am wondering what these techniques could be?
He says you can make a lot of money in mobile homes in a short period of
time without any money and credit. Is this true? Also, does anyone know what
he is referring to as a an “Agreement for Contract for Option?” He says this
form alone is a $97 value, for a form?
His whole course is $297 as an e-course, that kind of sounds like a lot. Has
anyone spent that much on a mobile home course before? He says that it
includes unlimited coaching for 6 months and that is priceless. He includes
some bonuses in his course but I’m not sure if their important. What do you
think of these, are they necessary? There’s one on tips, tricks and traps to
avoid that he says is worth $47, another one on note buying that he says is
worth $97, a worksheet to analyze rehab costs called a rehab analyzer (has
anyone heard of this?) that is valued at $47, access to updates (not sure what
this is) that is valued at $97 a month, forms valued at $97, an agreement
with contract for option valued at $97 ( I still don’t know what this is, does
anyone here? do I need it?). Has anyone tried this course?
He does have a video where he talks about what his course covers and how much with the costs that can be found here:
It says here his profits and has a picture of the checks with the titles to
$66,950 profit, $706 profit per month for 10 years
$47,719 profit, $551.06 every month for 15 years
$52,000 profit, $900 passive income every month for the next 10
$79,560 profit, $1100 monthly cash flow
$36,500 profit, 650 per month for 8 years
$69,700 profit, $655,78 per month
When I looked at these numbers, I just wasn’t sure how real they were.
It just seems too good to be true to make so much money in so little
time unless there’s something that other people don’t know, which he’s
claiming since he says he teaches creative techniques that no one else
is teaching. That’s why I decided to post here to see if anyone else has
bought his course.
I’m just wondering because this course seems like a lot of money and I’m not sure if all this is necessary, I don’t want to buy something if I’m not going to use it. I would really like to build up cash flow and achieve financial freedom, but I’m not sure if this can happen as fast as he says.
Here is something taken from the faq section that says what is different
about the course from others:
Q. How many hours a week should I expect to spend investing in mobile
homes with your program?
A. We here at MHM first and foremost want you to invest safely and with
minimal risk. We advise for all first time investors to purchase 1 new/used
mobile home PER month, get the mobile filled and running right, then move
on to the next one and so on. With our program this process should take 2-3
hours a week.
Q. How much cash reserve should I have in the bank before I start investing?
A. Technically you don’t need any cash reserve to start investing in mobile
homes. However, anything over $500 on hand is encouraged to get you on
your feet smoothly. Our negotiations and fast turn-around times before we
ever close ensures we are out as little as possible with holding costs. And YES
it is easy to purchase homes with no cash out of pocket.
This can be found here:
He also has a blog where he talks about mobile home investing. There was
one thing I read, he recommends putting homes in personal property trusts.
What is the difference between that and an LLC? Does anyone do that here?
This is what he says about trusts:
Why We Use Trusts?