The Mobile Home Millionaire

Create Huge Returns in Mobile Home Investing

noreply@blogger.com (Doug Ottersberg) — Thu, 08 Nov 2007 14:58:00 +0000

Let me tell you about a deal that you put together, you control and you fund. Why is that important, well it's not unless you like the ability to be sure you have the best possible chance of getting your investment back!

Now and then you will find tremendous deals as an investor, mobile homes are no different. When you have a Self Directed retirement account, YOU get to decide where the money goes within Government Guidelines, you just need to follow the procedures laid out by the plan custodian.

For example, as you cruise through the mobile home park you meet a mobile home seller that just needs to move on and wants $7,500 for something you know you can sell for $15,000.

Prepare a purchase agreement, have the Seller sign it and leave the buyers signature blank for your account custodian to sign. Next, prepare a Direction of Investment and send it along with the purchase agreement to the account custodian directing them to make the purchase with the funds in your retirement account, to sign the purchase agreement and send it back along with a check made out to the seller.

After you close the purchase and have title to the home, you might decide to keep the home and rent it, in which case you'd have the title put into the name of your retirement account. I don't recommend you rent it though, as it best not to put your retirement account into a position where it might be at risk. To me the better move is to sell that home and owner finance it. Let's look at some numbers, and as always, get the principle, it works with bigger number too!

Buy:$7,500
Sell: $15,000
Down Payment:$2,000
Balance:$13,000
Interest Rate: 15%
Number of Payments 84
Payment Amount: $250.86

You started out with a $7,500 investment and you got $2,000 down, send that back to the custodian, and now you have just $5,500 invested. Plug that amount into the financial calculator as PV. Use 84 as N, and $250.86 as PMT. Now solve for I and you should get 53.31%!

Now for the next 84 months you do have a little work to do. You must collect the monthly checks and send them to the account custodian, and yet are you willing to do just a little bit more to earn over 50% or would you rather settle for CD or savings account rates?

Mobile Home Investing and 40-60% Returns in Your Self Directed Retirement Account

noreply@blogger.com (Doug Ottersberg) — Wed, 07 Nov 2007 12:48:00 +0000

Do you ever wonder where you can invest small amounts of cash in your retirement account to make big returns? Mobile Home Investing can be especially lucrative for anyone needing to grow the value of their retirement account. The only caveat is this: to be involved in mobile home investing and reap large returns, you must have a self-directed retirement account. Not only that, it must be truly self-directed, allowing you to invest your money where you wish, (following government approved guidelines of course), not limited to a narrow group of investment product owned by the custodian of your retirement account.

So how big can your returns be? In the next post I'll go through a scenario that comes up quite often and show you how to do it.

Mobile Home Millionaire Academy

noreply@blogger.com (Doug Ottersberg) — Wed, 31 Oct 2007 16:06:00 +0000

Investing in mobile homes. Investing in Mobile Home Parks.

Mobile Home Millionaire. Mobile Home Millions.

Yes, it does sound like something straight out of a Jeff Foxworthy routine, and yet, some real estate investors have known for years that investing in mobile homes and the land under them, the mobile home park, can be a very lucrative business.

Perhaps you've heard of Lonnie Scruggs and Deals on Wheels, Doug Ottersberg has taken what he learned from one of his early mentors and created a system that's a real cash cow.

If you ever wanted to learn how you too can cash in on one of the most profitable real estate investments around with mobile home investing, the Mobile Home Millionaire Doug Ottersberg will be teaching his easy to follow step by step system at the Mobile Home Millionaire Academy December 7,8,9 in Albuquerque, NM

Check it out at www.MobileHomeMillionaire.com