Description

Please check out our other episodes here: https://letsgetrealestatepodcast.com/

We all start with a dream. And for Jose Garcia, he wanted to be the next real estate investor. But it didn’t go as he hoped and he was glad because it led to where he is now, a successful mobile home investor. Find out how to do the paperwork properly and what due diligence needs to be done as Jose talks about mobile home investing in today’s episode.

In this episode, we cover:

• Jose Garcia’s background. Jose talks about how and why he got into investing in mobile homes in spite of doubting himself.
• The biggest problems that people deal with when investing in mobile homes. Jose sees that some investors are not doing their due diligence. They are not making the right calls and checking on the deeds.
• Jose explains where to get proper information for the paperwork. He elaborates on how to start investing in mobile homes.
• The other issues that might come up even if an investor does his due diligence. Jose says that everything must be transparent.
• Restrictions in mobile home parks. Find out what park owners and park managers allow you to do.
• Mistakes that inexperienced mobile home park investors. New investors are always in a hurry and they fail to do the paperwork properly.
• The due diligence work that an investor needs to finish. Jose takes us on a walk-through of the process and the important things to note in the bill of sale. 
• Taxes on mobile homes.
• What retiring a title into a land means in mobile homes. When you want to retire the title, it means that you want to take it from considering a mobile home and turn it into an actual house.

Resources and links mentioned:

California DMV: https://www.dmv.ca.gov/portal/

About Jose Garcia:

Jose J. Garcia started 7 years ago thinking he wants to be the next real estate investor. But he had money issues. He made a lot of research on investing in manufactured housing, also known as mobile homes. After two months of acquiring his first mobile home, he was officially a landlord. He had 10 units of mobile homes for the same year. And now, he has invested in over 400 mobile home deals and also runs his own university where he teaches investing in mobile homes.

Connect with Jose Garcia:

Email: j@garciamhu.com

Connect with Danielle Chiasson:

Website: https://engineeredreturnsinc.com/index.html

LinkedIn: https://www.linkedin.com/in/daniellechiasson/

Instagram: https://www.instagram.com/danielle.chiasson/

Facebook: https://www.facebook.com/DaniChiasson

Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

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