Who is John Fedro - Any advice here?

Question

Just wondering what this community thinks about John Fedro and his 3k initial investment for his videos and all the trianing. He also has 1 on 1 phone calls etc and helps you with your first couple investments. Does anyone know his formula and if this could potentially be an actual good mentor relationship? Thanks in advance

John Fedro · Answer

Hi Chase and everyone,

This has always been a great website with lots of helpful folks giving their free advice and heartfelt stories to try to help investors.

Good question about asking around for references prior to working with anyone in the real estate industry. For as large as the country is, the real estate community is relatively small if you have been investing for more than a decade or so. The more information and clarity you have before moving forward is typically better.

I received your email (Chase) that you recently sent over as well. Congratulations with regards to you and your wife investing in multiple properties last year already. I love that you both are doing this together as a team. I have no doubt these deals, lessons, and hopefully successes did not come without a great deal of hard work and effort on your part. Keep up the great work moving forward. Additionally, thank you both for your military service to this country.

This is certainly an odd feeling I’m having about talking about myself, but here goes...

The only folks I decide to partner with are investors where we’ve talked over the phone and have a clear understanding of what is expected and moving forward. There are too many things to do in this life without wasting time starting a business that was not truly understood to begin with. There is too much hype in real estate, Biggerpockets does a good job cutting through the hype usually.

Personally, in the past I have been misled by greedy coaches I was trusting to help me and look after me somewhat. Many of us sadly have, however this is a whole other topic.

Anyone expecting to invest in 10+ mobile homes per year should expect to put in hard work, effort, action, and be uncomfortable at least 20 hours or more per week. Talking to strangers daily is a must.

Chase, you asked about if anyone knows how the formula works. It starts with immediate hard work and persistence, and eventually some automation. Here are things in a nutshell; massive action is taken and a few dozen offers are given to specific sellers that fit your criteria with 2-3ish weeks. Although dozens of offers have been made you will only move forward with one or two properties that represent the “path of least resistance” to buy and resell. This repeats again and again. Whether the homes have to be moved, wholesale, recent fire damage, tax problems, title problems, in senior parks, you may purchase it with installment payments, at an auction, with land, pre-eviction, etc. the deals should be well thought out and you should know exactly what you’re spending your money on, holding costs, rehab costs, and a realistic exit strategy or two.

Please keep in mind that there is no training that has ever been created (in my opinion) that will not require the help of calling someone almost daily and asking questions. Your effort is required to make yourself successful, plus we speak together very regularly and I want to see 50+ pictures of every home you look at in order to help with offers, negotiations, closings, rehab, etc.

There is enough information online to be able to purchase a mobile home, transfer the ownership, and reseller. People are buying and selling every day of the week. There are enough free articles on this website, as well as hundreds of free mobile home investing videos on YouTube. Anyone can begin investing in mobile homes with trial and error.

Dave said it right above, be cautious about spending any money in the real estate field. Don’t follow hype, follow logical investments and daily specific action. Everything you spend money on should be an investment. Every investment in a property should produce you a serious return on that investment. Every dollar you spend with a handyman should produce a headache-free-return in investment. Every dollar you spend in education or working with a coach of some kind should produce a massive return. We all learn one way or another. However, some will never take the action in the first place.

Each one of us has our own journey to go through and the speed at which we will move forward in that journey. Moving forward I wish nothing but the best for you, as well as everyone reading these comments.

Chase, I did a quick search around your area and found over 400 mobile home parks within a 50-mile radius of you. There are even more mobile homes attached to private land. You’re certainly in a decent area for this type of investing. However, nothing will happen without each one of us taking action to build our own businesses and local reputation.

Moving forward if you or anyone else has any mobile home related questions never hesitate to reach out anytime. I’m happy to answer general questions whether you are a member of this mentoring/training or not. Please feel free to email me directly for quicker reply. All the best.

Mario, you are so right about the Tribe. Great folks and so much knowledge about mobile home park investing.

Talk soon,
John Fedro

Jay Hinrichs · Answer

If what your saying is accurate you hand hold each and every student look at 50 pictures of each potential buy then 3k is a drop in the bucket for this kind of hand holding.. there is nothing novel about this business your goal is to buy low sell high end of story.  Although I do wonder how you would find the time in the day to do all this for your students unless you limit how many students you have at any one time.

I have been a vendor at Armando Montalango events  Rich dad events  Nick Vertucci events and all the training that goes on there its overwhelming for them and no way they could personally coach each student therefore they all have trainers that are working with them I have been offered trainer rolls over the years and my wife was a trainer for Floyd Wickman one of the greats..

That all said Armando and the other trainers cost was 30 to 50k or more .. so if yours is really only 3k for all this then its a steal in my mind.

Lastly as long as your students dont have to go into credit card debt I am all for it.. I saw way to many of the other guys students put those expensive packages on their CC cards and that my friends is one dangerous thing to do.

Mario Dattilo · Answer

John is an expert in Mobile home investing and not mobile home park investing. Have not take. His course but he has a solid YouTube channel.

If you’re looking for good mobile home PARK investing info check out the MHP Tribe Facebook group for a lot of help for free. Hope this helps.

Matt M. · Answer

@Chase O'Neal

Take the $3k and buy a mobile home.

Dave Rav · Answer

Oh mention of Montalango events and Rich Dad events... what a sales-a-thon.  I'm sorry.  Trust me, I'm a BIG fan of education and I have spent some serious dough on RE education.  Not to mention, in my personal career (I hold a doctorate).  So yes, I'm an advocate for education.

I tried out the Rich Dad coaching thing years ago, spend several hundred dollars and I'd rate my return a "B" as far as value I received from it.  The program then tried to get me to move to the next "tier" of coaching which cost about $8k.  Said no. There was mention of future elite coaching costing >$15k.  Sounds salesy to me.

I've also straight paid successful local investors for mentorship.  I've done this a time or two and it cost me $500-$1,000.

Look, just let it be natural.  Meet a local investor who's doing it.  Get to know them, help them, provide value, heck maybe even pay them a little something and in return learn from them!  Do it that way and I guarantee you won't feel like you're "on the clock" paying for every minute of their time.

However, spending so much when you're just starting out isnt necessary!  And please lets not make excuses for why these mentors and gurus charge what they do.  Students dont want to hear all that.  If you need to justify your worth, that could be a red flag.  The value should be evident without lengthy presentation.

Thanks and happy investing!

Dave Rav · Answer

$3k sounds like a lot.  From what I've read, he seems to know his stuff.  However, I'd be cautious going and spending $3k

Chase O'Neal · Answer

John thanks for the reply! Enlightenment if you will and everyone else’s advice. I look forward to learning some more and digging deep into mobile homes. The lucrativeness of the business model is easily seen after watching just a few of your videos.

Who is John Fedro - Any advice here?

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