So you’ve decided to add more long-term passive cash flow properties to your portfolio for 2011. Your wish is to leave the rat race once and for all. His plan is to buy and keep some properties with little or no debt and high monthly cash flow.

Time to get inspired!

He just finished his meeting with the salesman “June” and begins to review all the facts as he walks away. The mobile home is double 2002 wide, attached to a third of an acre of land in much of the city. The yard is fenced in, all appliances including central air are included and in excellent working order. The house is clean and, apart from a slight doggy smell in the air and slight wear and tear on the kitchen tiles, the house is in almost perfect condition.

He learns that June paid $ 50,000 in cash for the house and land 4 years ago. This amount completely saved her life, and June has since refinanced the home with a local lender in town. June’s monthly debt service was only $ 288.10; however, he is now $ 2,400 behind on his mortgage to the self-service loan company. You currently owe $ 24,700 out of a total refinanced amount of $ 25,000.

Her goal is to avoid foreclosure and not get thrown out on the street, something she says the lender is threatening to do. She claims that she would like to move to a nearby county if possible, but is also very worried about moving somewhere and not being able to pay her monthly rent and moving expenses. Government help and your child are the only sources of income you have to depend on.

Now, you are not the first investor to meet June and look at her property. However, you are the first investor to really sit down and listen to your problems and wishes. He’s also the only investor so far who actually sees a plan to solve both his goals and yours.

June is not averse to moving into a mobile home located in a clean family park in the county that she desires. You agree to purchase your mobile home and land subject to your existing mortgage. In addition to this loan amount ($ 24,700), you will bring all past due amounts up to date. You will also find June an acceptable free and clear mobile home to relocate her and her son. June agrees to all the terms if she can find a suitable home for him, says she is not too picky.

Make the solution a reality

You already invest in mobile homes in parks, so you know of a low monthly rent mobile home park in the county June wants. Not only do you know of a nice clean family park with a low lot rent, but you are about to take back a nice, clean, free, and uncluttered 2 bed / 2 bath mobile home from a tenant-buyer who has been making payments to you. for the past 2 years. Needless to say, you have already recovered all your money and many thousands of earnings from the destination mobile home.

The above story is exactly how I bought a large mobile home attached to a third of an acre of land with no money out of my pocket. The mobile home started flowing cash from day one. The names in the following story have been changed to protect the innocent, but all the numbers are real and totally amazing.

Once my previous tenant-buyers moved out of the target 2/2 mobile home, I ran a quick carpet cleaner around the house and carried it over to June. June is very happy with her new home and her neighbors; I also agreed to rent a transport and help her move, which I did.

After contacting June’s lender, they agreed to add a hundred dollars to the monthly payment of $ 288.10 until the defaulted balance is brought up.

In the same month, I quickly sold June’s previous home to a large tenant-buyer with payments for the next 360 months with a down payment of $ 5,000 at signing. That sounds like a retirement plan to me.

The moral of the story is to look beyond price. Many other investors had tried to help June without success. The solution seemed so easy at the time. Be polite and discuss all possible solutions with your salespeople.

Remember: “Use what you have to get what you want.”

– John Fedro