Articles

The 1 key thing when choosing a home for a specific lot

It’s been a theme with me these past few months… What? Putting the focus onto to just the few key things that massively accelerate you. Cutting out the fluff and nonsense. And quickly getting to what really matters. And the same is true this month with The Millionaire Mailman Tom Nardone. I asked him to share the 1 key thing…

New construction doesn’t discount

Tom said to me, “New construction doesn’t discount” Which was said to him by the agent listing his properties. Say what? Easy. Even if it’s a pre-fabricated mobile home that you plop onto a lot, once it is all installed and spruced up, then it is considered new construction. And new construction doesn’t discount! A great place to be. Tom…

What to do with a vacant lot

Vacant lots are everywhere. And, done right, you can pay full retail and still do great. But by doing what with it? 2 things: #1: Add a mobile home (not a trailer, one that is pre-fabricated and trucked in) or #2: Build normally on it. But not really just “normally”. Instead use a technique called: “Cost+ Building” It’s a method…

The no-rehabbing approach to investing

Yeah, I know… ‘Everyone’ loves using the word “flipping”. It’s popular. People mostly instantly know what it means. But it isn’t the only way. What if you just skipped the flip and did a simple straight-forward technique instead? For example: Can you just find vacant lots at retail price? Your answer should be: Yes, all day long. Good. Then here’s…

How to pay full price but still kill it in a red-hot market

Let me ask you a question… In this Crazy, Zany, Red Hot Market… How do you buy a FIX and FLIP property far enough below the market to do all the repairs and sell it at a Profit? Easy… You DON’T! INSTEAD, you pay full price or less for a vacant lot, You put a new mobile home on it…

How many wholesalers are fighting for, much less even looking for, lots?

There’s always a temptation to just do what everyone else does. To follow the crowd. I get it. But in my experience, the best of pretty much everything is in the opposite direction from where the crowd is going. (Hat tip to Earl Nightingale for first pointing that out to me.) That means that opportunity is also found away from…

Mobile homes are not trailers.

We are NOT talking about trailers or trailer parks at this month’s Traction REIA meetings. We’re talking about mobile homes. There’s a difference. Mobile homes are prefabricated and then trucked in and placed onto your lot. It’s basically a factory-made home instead of a home built directly from scratch on the actual site. There are some advantages to doing this.…

Building a personal Army of Cliff Clavin mailmen

Who sees tons of homes in tons of different neighborhoods 6 days a week? ANSWER: Letter carriers. Those neighborhoods they are walking through have lots of vacant houses, run-down houses, owners with problems, and more of the exact types of people and properties that we are after as real estate investors. So what would happen if you had all the…

Video Interview with The Millionaire Mailman

Tom Nardone, The Millionaire Mailman, has carved out a great niche. Tom speaks very openly, and there are lots of great ideas discussed in this video.  Join us for Tom Nardone’s Traction REIA events this month: #1.  IN-PERSON :: Washington DC Main Monthly Meeting TOPIC: “Developing Lots for Mobile Homes or Cost-Plus Home Building” SPEAKER: Tom Nardone, The Millionaire…
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