Living Off Rentals: #89 - How to Buy Mobile Homes for Big Cash Flow

#89 - How to Buy Mobile Homes for Big Cash Flow - Adrian Smude

Oct 27, 2021

Our guest is in the business of buying, selling, and renting houses; but he took it a step further and niched down to an unlikely asset—mobile homes.

Joining me on the show is Adrian Smude, an event producer-turned-real estate investor and educator. He started his real estate career in 2002. Now, he and his wife, Erin, own and run My Wife Buy$ Mobile Homes.

In this episode, Adrian looks back on what led him to invest in mobile homes and walks us through the process of buying, repairing, and lending one. He shares his investment model, giving us a preview of the book that he is working on. He also talks about what the right coaches and mastermind groups can do for you.

Tune in to learn the ins and outs of investing in mobile home rentals!

Key Takeaways

[01:45] How Adrian went from tenant to landlord to mobile home investor

[05:18] His perspective on mobile homes and his cash flow strategy

[07:25] A mobile home deal that he did recently

[12:32] The pros and cons of acquiring a mobile home

[16:15] Why Adrian and his team only do surface-level repairs

[19:52] Their process for managing tenants and buying in parks

[25:20] The closing process for mobile homes differs for every state

[29:30] How to find mobile homes, deals, and success

[38:50] Adrian’s advice on taking action and asking for help

Links

Adrian Smude - https://adriansmude.com/