Why mobile homes?
Well look I know mobile homes by far aren’t the most glamorous form of investing. We’ll set that down right now. I know that. As a matter of fact back in the day I had to literally take a chip off of my shoulder about mobile homes and that’s because I had started real estate investing like most other real estate investors do and I was chasing the carrot. I was. I wanted that big dollar, that really huge paycheck. The really high risk stuff, that’s what I was chasing and most of the time it’d work out but some of the times it didn’t and it took me a long time to figure out that after gaining too many houses that you know it’s not hard to go ahead and overwhelm your portfolio with too many houses.
One day the storm comes in and it just completely wipes you out and I got to see that early before the market took a downturn I seen that real good. Half of my houses had actually opened up at the same time so I had to take the chip off of my shoulder and finally look at real estate investments, investments in general, just with the numbers. I had to pay attention to the numbers and when that happened, things really, really took off. I was able to achieve my financial freedom in like, I had enough to serve my high bar in 24 months and in 36 months I was living comfortably, very comfortably. Not having to get up and go to work anymore, none of that. Those days are over. That’s what I realized, that’s what was so important that I was like, “Wow.”
I come from a little, small Midwest town, a poor little Midwest town where everybody fights for a factory position when they get out of high school and then all of a sudden they start popping out babies left and right, and that was life. That was the life that I was looking at having to do myself and I did not want that. I respect those people. I love them but I couldn’t do that. I couldn’t. I had to find my way. I had to figure it out and I went there and I traveled through all those dangerous lands and figured out the hard way, the school of hard knocks, what to do and what not to do to keep from falling flat on my face. I figured it out. I fell a lot of times, there’s no question about that, but I got back up and I kept going. When I returned I brought all that information back with me and I put it together in a course.
It’s called The Keys to Cash Flow. I did that because I took that chip off my shoulder. I was no longer trying to work for socioeconomic status. I was up until that point. I was, I’m guilty just like everybody else. Once real estate investors get started that’s what you’re doing it for but that’s not your priorities. That’s not what’s top of your priority list. Not socioeconomic status or to look flashy or something. That’s not important. It’s not important at all. What’s really important is being able to provide for your family comfortably without it becoming an issue or taking up much time in your life. Let’s face it, we don’t have much time. We don’t have much time at all. We have to do what we can right now to ensure the future of our family, our kids. We’ve got to instill the beliefs that you have to work hard but, you will always get paid more using the resources you possess from your neck-up, than you ever will using what you have from your neck-down. We’ve got to teach those fundamentals too so that they don’t have to go through the same thing that we did.