All Forum Posts by: Joseph Ziolkowski

Hi all! This is a 2-part question. First, how many of you use wholesalers in your business? Secondly, how many of them help you find money to fund their deals to help you conserve your cash? Just a quick survey. It's something I'm looking into putting together, and wanted to know how common it is right now. Thanks :cool:

Great! I hope park owners around here feel the same way you do. That should be the main parameter in my mind too. Thanks!

Thanks Realtyman, that was an awesome answer. You too Terry. You guys are both a great help. I'm an over-analyzer for sure. Same thing before I got into wholesaling. What you're saying is true though. Just have to get out there and do it.

Thanks Terry and Realtyman that makes me feel a bit better. I also read in another post that if you get your dealers license that parks for the most part will not need to check your credit. Any word on that? I was going to do that anyway, though not right away, but maybe it's a way to go? I know that each park is different, just trying to get a feel for typical before I go out in the trenches and get all discouraged and stuff :)

And what kind of credit do you normally need to get approved? I told Terry in a pm that before I got into REI (not so very long ago) I was a laid off construction worker. I'm back on my feet now, and moving ahead, but my credit won't be good again regardless for some time. I have the cash, just not the credit right now. Is this not for me? I was really excited to get started, so I hope this isn't the case.

Thanks Terry, that's good to know. But I'm talking about even before you have the opportunity to do that first deal. What questions do you need to ask them? Should you take them out to lunch? Would they find that strange, like you're going to sell them something? Just meet them in the office? Sorry, total green newbie in mh here :)

Terry, have you found it necessary to get approved at all of the parks that you deal in, or was that just a tactic that you used to grease the wheels with the park managers?

Thanks Realtyman, I was afraid of that. Now, naturally I wouldn't tell them that I just read this great book and want to turn their parks around :) But as a mobile home park owner, what would someone need to say, or how would they need to come across, to catch your attention and make you think that they are someone you would be willing to work with?

Hi Dustin, I'm from IL as well, and am looking to do my first Lonnie deal. This question is for everyone though. When you're new to mobile home investing, and trying to get in with the park managers, what do you say? Have they seen a bazillion newbie Lonnie people and think that they're hokie or are they usually willing to work with you? What's your pitch? Thanks

Hi Ian,

Anytime you see a "for rent" or a "lease option" sign, ad, etc, there's a good chance that it is an investor either trying to rent or cash out on a property that they've fixed. You would simply gather some numbers, call them, and say that you saw their sign, ad, etc, and were wondering if they were interested in picking up anymore properties in that area. If so, explain a bit about what you do, and get their info. You would want to know their name, number, email, what areas they buy in, what areas they avoid, price range, type of property, amount of rehab they want to do, how many properties they plan to buy in the next 12 months, their prefered exit strategy, and how they plan to pay for the properties (cash, hard money, financing, etc). Sorry if that was kind of rambling, but just make yourself a form with that info on the computer and you will have yourself an action-packed buyer lead sheet :) Hope that helps. Anymore questions, post away.