Humble Beginnings

It was 2002 and I was 20 and selling phones during the daytime and a valet at night.  I knew there was something better for me than working for someone else but had no idea what my future was suppose to be.  I had 1k saved in a bank account and over 30 k in credit card debt.

I have always been into self–help books and such; one night I stumbled upon my roommate’s book collection and picked up a small real estate investing book, something I think he ordered on late night television.  I looked through the whole book that night, twice.  I thought and truly knew and believed, “I can do this”.  As I read more books and joined local REIAs, real estate investor meetings, I was so confused as far as what to do, where to start, even how to start.  My head was spinning.  The “big” money and insecurity of the fast-turn-ers was never as appealing to me as a  constant ($10,000-20,000) per month income from rentals.  (But I did not want to deal with the hassles of renters or fixing things; hence the reason for the Notes.) 

What should I do first? How do I market to find sellers? And what do I do when they actually call?

My prime goal at the time was to fully support both myself and my fiancé with my passive income each month.  Six months later I was able to do just that. 

Since I have started investing in real estate I have bought, sold and held concrete block and frame built houses, vacant land, condos, townhomes, duplexes, villas, and multi-family houses.  The only reason I am still arund investing now, and very profitable I might add, is because I have had the constant income from my mobile homes.

Mobile homes are certainly not the end-all of real estate but they do offer a fantasitic opportunity for somebody with little or no experices to make a constant, steady, passive income each month in real-estate. 

- John Fedro 

Full-time Mobile home/Real Estate Investor.  Author.  Student.  Son. Friend.  Dreamer.  Doer.

 

Please comment with any questions?