Posted by lyal on October 26, 2000 at 06:50:36:
Mike and Tony, Hope you don’t mind if I jump in here.
Mike, I too purchased the Sheets program some time ago and thought it left too many questions unanswered. I also signed up for an expensive mentoring program and didn’t do anything with that (The mentor was excellent and a real hand holder but I just couldn’t get over the fear part.)
When I first started reading Lonnie’s posts on the original group the light bulb went on. I bought the books and SLOWLY started (I’m a plodding cautious kinda guy to my detriment) putting it into practice. That was about 3 years and 20 mobiles ago. I’ve taken some hits along the way and learned a LOT and now have a business that has kept me busy steadily for the last 18 months. I am working on branching out into other areas of RE because of the comfort level I have developed by “doing mobiles” and the support of the great people here. I have ALWAYS found answers and encouragement (and a kick in the a$$ when I needed it). I have no doubt that mobiles is the best place to start because it is very forgiving. In most cases if you follow Lonnie’s blueprint and post the details of deals here, you will make money. At worst I feel strongly that on a bad deal, you’ll break even. I’ve lost money on 2 mobiles only because deviated from Lonnie’s proven methods. On the first I didn’t build a relationship with the park manager and sat with a home for 9 months while he rejected many good applicants. On the other I got carried away with a rehab and used the wrong people to do it and wound up selling for a grand less than I had in it.
Buy Lonnie’s books, (very inexpensice) and consider the offerings from the other mobile home authorities here (a bit more expensive but the ROI if you put them to use will smoke your calculator.) The authors as well as many other excellent mentors who are out there doing it are here to answer any questions FOR FREE!! Do a couple deals and get to the seminar to learn the many other dimension’s to the business.
All the best, Lyal