Deals On Wheels – 5 Ways to Find Eager Mobile Home Sellers

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In today’s video, John Fedro is gonna share 5 strategies that he uses to find great deals on mobile homes…

Now, if you’re unfamiliar with these “deals on wheels”, you’re in for a treat.

Although not the most glamorous type of investing, mobile homes can be an excellent cash flow investment.

For instance…

We bought a mobile home in a park a few years ago for $1,200 bucks. We put a couple grand into it in repairs… and after renting it out, had a positive cash flow of almost $300. Now that’s a good cash on cash return!

In the video below, mobile home investing extraordinaire, John Fedro, is gonna tell you 5 strategies for locating eager mobile home sellers… so that you can start profiting from these little cash flow machines.

Check it out…

Thanks for sharing those awesome tips!

John really knows his stuff… so if you’re interested in learning more, make sure to check out his Mobile Home Madness Blog.

If you have any questions or thoughts, toss ‘em in the comment area.

Happy Investing!

Patrick

… aka P-Rid

________________________________

John Fedro is a full time real estate investor from Tampa, FL specializing in buy and hold real estate.  He has been acquiring mobile homes without using his own capitol or credit since 2002.  John now teaches others how to get started in mobile home investing at his blog

Tags: deals on wheels, how to find mobile home sellers, investing in mobile homes, john fedro, mobile home, mobile home deals, mobile home investing, mobile homes
Posted in Marketing, Real Estate Investment Buying Strategies, Tips and Tricks | 2 Comments »

Quicken Rental Property Manager 2010 Review

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A good property management software program can be a lifesaver if you’re a landlord.

Because once you own multiple properties, it can be an absolute NIGHTMARE keeping track of everything…

… can you relate?

If so, it may be time to find the right property management software program. Not sure if Quicken Rental Property Manager 2010 is it… so check out my review below and see for yourself.

Also, I’ll be reviewing other property management software programs in the future. So, be on the lookout for more.

Quicken Rental Property Manager 2010 Overview

Alrighty, here’s a quick list of some of the features:

=> Manage your personal, business, and rental property (Quicken Rental Property Manager 2010 includes Quicken Home & Business which organizes your personal and biz finances)

=> Works with online banking, MS Money, Credit Card Tracking, Loan Tracking, and 401K Tracking

=> Provides bill reminders

=> Budgeting tools and savings planning tools

=> Tracks income and expenses by property

=> Identifies tax deductible rental expenses, profit and loss on rentals, and tracks paid and owed rents

=> Monitors tax status

=> Exports to TurboTax and generates tax reports for accounting

Quicken Rental Property Manager 2010 – The Good, The Bad, And The Ugly

Since this property management software program allows you to manage personal, business, and rental properties… you could look at this as a pro or a con because it adds to the functionality (aka complexity) but also provides an all-in-one solution for managing your entire financial picture.

Quicken Rental Property Manager 2010 does not allow you to collect rent online (like say PropertyBoss). But tracks income and expenses by property, identifies tax deductible rental expenses for you, has a complete profit and loss function for rental properties, and tracks paid and owed rentals for easy collections.

Imagine the ease of pulling one simple report to give to your assistant to call and collect rather than pulling folders and files for each of your properties…

… sounds nice, doesn’t it?

Quicken Rental Property 2010 monitors each property’s tax status throughout the year helping you to minimize taxes and maximize deductions. And also has a tax reporting feature for your accountant. All data can be exported to TurboTax and even prepares your Schedule E IRS tax forms.

And it costs $149.99 (no monthly fees… yeah!) and comes with a 100% satisfaction guarantee (which some programs do not have).

Quicken Property Management Software – Who is it right for?

This program is most applicable for someone doing cost accounting for less than 100 units. It allows for quick and easy data entry.  If you are familiar with Quicken software, the learning curve is minimal.  Neither the cheapest product on the market, nor the most expensive, Quicken Rental Property Manager 2010 is probably the most universally used product in the marketplace today.

Click here to learn more about Quicken Rental Property Manager 2010

If you have any questions or suggestions for other property management software programs, toss ‘em in the comment area.

Catch ya later,

Patrick

… aka P-Rid

Tags: manage personal finances and rental properties, personal finance, personal finance software, Property Management, property management software, property management software review, Property Management Software Reviews, pros and cons of quicken property management software, quicken, quicken ren, quicken rental property manager, quicken rental property manager 2010, real estate software, rental property management, rental property software
Posted in Business Management Systems and Tools | 2 Comments »

One of the Best Videos I’ve Seen This Year

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Not sure about you… but I’m a BIG Tony Robbins fan and eat up everything he puts out.

Well, I was checking out his training blog recently and found a video that you’ve gotta watch. Seriously!

It’s free… and it’s going to help make everything “click” in your mind. So darn simple… but it’s gonna make a huge difference in the way you approach things… especially reaching your goals.

Just an FYI, it’s not about real estate at all… but I couldn’t not (like that double negative :-) send it to you because this is the #1 root of why most people don’t make it in real estate… and it’s an easy fix which Tony goes over.

And he’s spot on when he talks about what’s the difference between two people when they both get the same course, learn the same stuff, etc… and one makes it and one doesn’t. It’s not about potential, or resources, etc. He shows what it is in the diagram he scribbles out and how to make sure you’re the one who makes it.

Thought you’d enjoy it…

Tags: frank kern, john reese, motivational video, Personal Development, tony robbins
Posted in Cool Stuff, Personal Development | 1 Comment »

Susan Lassiter-Lyons – The Best and Brightest Women in Real Estate Investing

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This week, Susan Lassiter-Lyons – The $24 Million Dollar Woman – is bringing us our final segment, Part 8 of MustKnowInvesting.com’s “Best and Brightest Women in Real Estate Investing” series.

New to the series? Start w/ the introduction.

It’s been quite a ride so far… over 200 comments, over 200 people have shared it on Facebook, not to mention all the tweets.

And before we dive in today, just wanted to say “Thanks!” for your active participation in the series.

We – myself and all the “Best and Brightest” women – appreciate you :-)

Alrighty, now for our final segment  with Susan Lassiter-Lyons…

I’ve had the great pleasure to get to know Susan both personally and professionally over the last couple years. Susan joined the Private Money Blueprint faculty back in the fall of ‘08. And as many of your know, we had our Getting the Money Bootcamp this past June in Denver (her home town… which I LOVE by the way!).

And lemme tell ya, Susan knows her stuff! I’ve learned a TON from her.

Here’s a little background info…

Susan began investing in real estate in 1994 and owned a mortgage company for 7 years where she specialized in residential, commercial, and hard money financing for real estate investors. And get this… she’s participated in over 600 investment deals and since 2006 has raised over $24 million in private money for real estate syndicates.

Pretty incredible, ehhh?

Well, Susan’s about to tell you all about how she went from being a corporate drone to becoming The $24 Million Dollar Woman… and she’s gonna share her “secrets” of success.

Susan Lassiter-Lyons | Best and Brightest Women in Real Estate Investing

Without further ado…

Great video Susan! Thanks so much for sharing your secrets :-)

Connect with “Best and Brightest” Susan Lassiter-Lyons

It’s often said “it’s not what you know but who you know that makes the difference.”

So, get to know Susan by connecting below…

Friend Up on Facebook

Follow on Twitter

Subscribe to YouTube Channel

Your FREE Real Estate Investing Resource Download

Susan has gone the extra mile and is donating two killer resources to you.

As she mentioned in her video, you’re gonna not only get her 88 page Mortgage Secrets for Real Estate Investors eBook. You also get a 90 minute training Susan put together for her blog, The Investor Insights, called The 3 C’s: Credibility, Confidence, and Contacts.

Click below to grab your copy of Mortgage Secrets for Real Estate Investors:

And here’s the link to download the 3 C’s video:

The 3 C’s: Credibility, Confidence, And Contacts

A BIG thank you goes out to Susan and all the “Best and Brightest” for making this an awesome kick butt series.

Like always, we LOVE feedback from y’all. If you enjoyed this post and the series, click the Facebook “Like” button and leave your thoughts and questions in the comment area.

Happy Investing!

~ Patrick

… aka P-Rid

P.S. – Here are the links to the series for you:

Julie Broad | Esi Benedict | Shae Bynes | Christina Mellott | Stephani Davis | Surprise Special Guest | Rachel Hernandez | Susan Lassiter-Lyons

Tags: best and brightest women in real estate investing, creative real estate investing, mortgage secrets, real estate investing, susan lassiter lyons, susan lyons, the investor insights
Posted in Business Management Systems and Tools, Cool Stuff, Personal Development, Real Estate Investment Financing Strategies, Tips and Tricks | 13 Comments »