Tis the season ....

The income tax season that is !

For those of you who own mobile home parks and have spaces to fill, once again opportunity is knocking,the question is are you ready. Income tax season is right around the corner and with it comes the opportunity for many people who live paycheck to paycheck to have a chunk of money in their hands for a down payment so they can purchase rather than rent. For those of us in the business of supplying affordable housing for that segment of the population, this is prime time.

I am currently racing against the clock to find homes purchase them, rehab them and place lease to own signs in the front window of each, so they are ready to sell. This is the time of year you want plenty of inventory on hand, you don’t want customers to go else where to look at homes on someone else’s sales lot or park, you want them to find what they are looking for right there in your park so your cash register will be the one making the cha ching sound, not your competitor.

I have currently purchased twelve homes in the last three weeks, eight homes are now in the park with four more to be moved in. I like to have a variety of sizes available at all times, 16 wides, doublewides, 2, 3 and 4 bedroom homes, a nice variety of homes for buyers to choose from. And I’m still in hot pursuit of more homes to purchase, I hope to make this a fantastic year.

And lets not forget that all important rehab man, I could buy all the homes I can find ,but what good does it do if I can’t get them ready to sell. I’m very fortunate to have someone as talented as Rick Walls who has been helping with our success story here in Albany, Ga for the past year. He is definitely a huge part of our team and the success we have had.

Remember this is your prime opportunity to fill spaces and increase your monthly income, the more lots producing lot rent the more income. Don’t forget the other upside, for every lot you fill with a mobile home producing lot rent it increases the value of the park or the dirt as we call it.

Here’s an example of what could happen this year during the income tax season at our park if I can sell 25 homes during these 5 to 6 months.

$160 a month lot rent X 25 sales = $4,000 in additional monthly lot rental income would be created.

Using the 60: 30 rule take $160 lot rent X 60 = $9,600 this is the value per lot with a home on it producing lot rent.

Now take $9,600 X 25 additional lots, (our projected sales), which = a $240,000.00 increase in the value of the mobile home park or the dirt as we call it, that’s just about a quarter million dollar increase in value in just 5 to 6 months.

As if that isn’t exciting enough, what if the note you created when you sold each home averaged $300.00 a month, take $300 X 25 sales = $ 7,500.00 a month income on top of everything I’ve already showed you.

I don’t know very many other investments that if planned and executed properly can generate these kinds of numbers in so short a period of time.

So you see this is truly an opportunity you don’t want to miss out on. So if you haven’t done so already, get going and get ready!

If you’re a newbie reading this and it sounds like a foreign language to you, but you would like to learn more about this business, let me invite you to attend Mobile Home Millions 5. Take advantage of the opportunity to meet and learn from the experts who mentored and taught me. There is no better place to learn about the opportunities this business has to offer than at this event. The experts will all be there, don’t miss it !

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