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Mobile Home Wealth: How to Make Money Buying, Selling and Renting Mobile Homes, by Zalman Velvel

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About the Author

Zalman Velvel has been a fulltime real estate investor since 1981. His family owns and operates five mobile home parks, as well as warehouses, offices, duplexes, mini-warehouses, and motels. Zalman holds the coveted CCIM designation, as well as being licensed as a real estate broker, mortgage broker, auctioneer, mobile home dealer, and former real estate appraiser. Zalman is also licensed as a real estate trainer, and has trained more than 5,000 people in real estate investing.

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Excerpt. © Reprinted by permission. All rights reserved.

If you are seeking financial independence, you are holding it in your hands. If you are tired of living paycheck-to-paycheck, read on. If you are worried that the company you work for may “downsize” you onto the unemployment line, or you’re worried that your job may not even exist in the future, then you’ve come to the right place for a better alternative in the real estate field. This book is written for people with little or no experience in real estate, or for those with a lifetime of experience but none with mobile homes. So if you never owned a piece of property, or if you are already a real estate investor and you want to add more strategies and another stream of income, you’ve found the right book. Mobile homes are an overlooked part of the real estate market and are usually hidden from the average investor. This book will take you by the hand and show you how to make a good, secure living--or a fortune (your choice)--by using proven success formulas. Formulas for Success Throughout this book you will find simple formulas that we will call formulas for success. When you follow them, you are practically guaranteed positive results. Formulas are the foundation of almost every profession. The problem is, many successful people don’t like to share their success formulas. Here, the formulas will be shared with you--and the good news is that they involve only simple math. The good news continues. These formulas can be applied to just about all forms of real estate. After you understand them, you can apply them to investing in single-family homes, duplexes, apartment buildings, warehouses, shopping centers, offices, retail stores, etc., as well as mobile homes. Roadmap to $100,000 in Extra Money You will receive, along with your formulas for success, a plan and a roadmap. After all, you don’t just want to read and learn--you want to go out and use what you have learned to improve your life and those of your loved ones, don’t you? You will be presented with a plan where you can earn an additional $100,000 per year, part-time, while you continue to work at your present career. Most people need to keep their current job while they create a new real estate investing career, so we are going to assume the same need for you. When you work the plan, and the plan works for you, and you feel secure, then you can decide whether you want to remain a part-time investor or quit your job and go full-time into affordable housing. You will receive many real-life examples to follow and train on. There will be no “smoke and mirrors,” or “motivational rah rah” where you are told repeatedly, “If you think it, or imagine it, it will happen.” Yes, it helps to have a positive attitude, and you will be encouraged to have one because it will energize you for the success you want. However, along with a good attitude you must have focused actions and a plan. Without effort on your part, all the motivation in the world isn’t going to deliver the concrete results you want--more money in your pocket and more quality time for the important people in your life. So What Exactly Is a Mobile Home? Mobile homes are built in a factory and then transported and set in place for people to live in. The fancy term for them is manufactured housing. The beautiful home pictured here is a mobile home--it was built in a factory in two sections, and then each section was towed down the highway and fit together on site. (The garage that you see was added later.) However you refer to them, they are the most affordable form of housing. There is a huge demand for affordable housing, and there always will be. You are entering a field where you won’t have to worry about the Internet or a computer eliminating your career. You also don’t have to worry about a new single-family home or townhouse subdivision opening up down the street and under-selling you. They will not have more affordable housing than you. To understand just how affordable mobile homes are, think about this: Recently the median-priced home sold in the United States was worth $225,000. That means there were just as many homes sold above $225,000 as there were below that number. In simple terms, the number is similar to the average price. The median price for a new mobile home (without land) was around $50,000. That is less than a quarter of the price! If you are impressed by that number, then you should be even more impressed when I show you how to buy good used mobile homes for $10,000 or less.  How Much Money Will You Need to Get Started? Speaking of money, it would be nice if you could start out with some savings to invest, and good credit, but if you don’t, you won’t be left out. If you have no money to get started with and no credit, or even bad credit, don’t worry. Several tried-and-true “no money down” strategies have also been included to get you started, each of which I have personally used, so you don’t have to have any money or any credit to get started. That’s totally different from buying a franchise like McDonald’s or Burger King.  Mobile Homes Are a Proven Franchise, but Without the Fees Investing in mobile homes has all the positive elements of a franchise. There are millions of customers out there who need affordable housing as much as or more than they need a Big Mac or a Whopper. This book will give you proven management and marketing techniques to ensure your success in finding your customers, meeting their needs, and getting paid a healthy profit for doing so. However, unlike if you were running a franchise, you won’t be paying huge upfront fees and no one will be siphoning off 10 percent or more of your income each month. Instead, you will be acquiring assets--land and buildings--that produce income, and you get to keep all of the profit. You also get to own the land and buildings, which appreciate in value--unlike tables and chairs and grills and fryers, which depreciate in value. Let’s Get to Know Each Other Perhaps, at this point, you are wondering about this author’s credibility? If you are, then good for you! Any time someone promises you important changes in your life, and wants money beforehand, you should ask about his qualifications. So let’s get to know one another. I have been actively investing in real estate for more than twenty-five years, and in mobile homes in particular for more than fifteen years. I’ve made millions doing it, and I’m going to unlock the secrets so you can, too. I’m also going to be upfront and honest about some of the pitfalls with a view to protecting you from making mistakes that might take some of the wind out of your sails. Another benefit to you is my more than ten years of experience working as a real estate trainer. Along the path of my investing career, I met the owner of one of the largest real estate seminar companies in the world, which was located in the same county where I live. We clicked immediately. As a result, I taught two courses for his company as an independent contractor. This book is based upon my years of experience teaching the curriculum of those two courses, which each cost $3,500 for three days of live training. I have trained literally thousands of people, from just about every walk of life and every age group, from all around our great country, to invest in real estate, so you can be sure the strategies and techniques you’re going to receive actually work. Some strategies may work better than others in your area, so in that case you will just have to choose which are the most profitable and most interesting to you. I have also acquired a CCIM designation, which is billed as the PhD of commercial real estate. Along with that designation, I have a real estate brokerage license, a mortgage broker license, and an auctioneer’s license. For many years, I also had a real estate appraisal license. My auctioneer’s license will prove to be very useful to you because I sold hundreds of properties at auction, which put me in contact with thousands of investors. During negotiations I learned the strategies of the most successful investors. These strategies are also included in this book.    OK. At this point, I have completed our introduction and we have gotten to know one another. I hope you’re not thinking, This Zalman is special, and I can never do what he does. It would not be accurate to believe that. Instead, you should think, If Zalman can do it, then so can I. Now, let’s talk briefly about the three basic ways people like to learn, because this book is geared toward all three. The Three Ways People Learn The most common way people learn is by watching an expertdo something, and then copying the expert, performing on their own and building confidence along the way. I have included lots of case histories with pictures to train you this way. The second most common way to learn is to watch the expert and then study lots of facts and figures and manuals. This is for people who need to believe they must know every possible thing about a subject, so that if anything ever goes wrong in the future, they will know how to fix it. Please keep in mind that while it is a healthy goal to have as much information as possible before you start something new, many people who learn like this unfortunately develop “paralysis of analysis,” their minds so cluttered with facts that they lose sight of basic strategies. In other words, they wind up doing nothing because the goal of knowing everything that can possibly go wrong is not achievable. You will learn a different way of looking at problems here--that they are just another part of your investing process. You shouldn’t be afraid of them--when unexpected problems happen . . . it’s OK. When you learn how to overcome problems--and you will from this book--those problems will actually point the way to more strategies for making money. Then you will go out and try to find the same problems and create a good deal for yourself. You become a part of the solution and get paid handsomely for your effort! The last type of student is nothing short of thrilling. I refer to them as Type 3s. Type 3s are people who just want a brief outline of what they need to do before jumping in and doing it. They learn while they are doing, and they don’t want to be bogged down with facts and figures. In other words, they like combining learning and making money with adrenaline. They’re the kind of people who like to jump into the deep end of the pool to learn how to swim. As a trainer, I enjoy these students, because I know they are going to use my training. But I also have to warn you that many times these students have entered my training carrying the mistakes they made before--when they jumped in without checking first to see if it was the right swimming pool for them to be in.  This book is going to help all three kinds of learners. You’re going to learn as I hold your hand and show you by example. Those of you who need to know as much as possible before getting involved are going to get formulas and facts but not so much data that you get bogged down and don’t do anything at all. And for those who like the adrenaline rush, you are going to get roadmaps to follow so you don’t jump into a pool that has no water in it and waste your time and energy trying to climb out. Homework You will get homework. What’s that? I can almost hear you groaning from here, Oh no, not homework!” Yes, homework. And you will be expected to do it because the homework you will be given here will make you real money. Plus, you’ll be encouraged to have fun while you’re doing it. Your grade will be what you add to your wallet and your balance sheet.  How the Book Is Set Up--A Logical Learning Process There are five parts to this book, each of which builds on the previous one, filling in new skills that are vital yet simple. We will begin with a funny story called “The Adventure,” which describes the opportunity that led to my entry into the mobile home investment field. Then, in Part One of the book, you will be introduced to the Four Basic Profit Strategies and each strategy’s Formula for Success. You will learn how to think and act like a successful mobile home investor, determining your profit before you even own a property. In Part Two, you will learn how to Get The Deal Right using the Five Green Fs. You will be shown where to find your deals, how to figure out what they’re worth, how flag the property with an offer that fully protects you and negotiate the best deal for yourself, how to inspect the property fully so you will know what you have to fix--and then, if the deal is a go, where to find the financing to buy it. In Part Three, you will learn how to Reap Your Profits and Long-Term Wealth. You will be shown how to close the deal, manage your mobile home ATM, and build a Power Team of professionals that will enable you to do it over and over again. You will be shown how to protect your assets and save on taxes. And you will also learn the Three Secrets of Long-Term Wealth so that you can provide for yourself and your loved ones for generations to come; this part is amusing but at the same time very powerful, and for many of you, it may be a whole new way of thinking. In the Conclusion, you will be given your roadmap. This is a plan whereby you can earn an additional $100,000 per year, part-time, while you continue to work at your present career. After you follow the plan, you can decide whether to remain a part-time mobile home investor or to go full-time. The choice is yours. I hope you are excited to begin, because I sure am.

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Product details

Paperback: 352 pages

Publisher: Square One; 37829th edition (November 15, 2007)

Language: English

ISBN-10: 9780757002373

ISBN-13: 978-0757002373

ASIN: 0757002374

Product Dimensions:

6 x 0.8 x 9 inches

Shipping Weight: 1.4 pounds (View shipping rates and policies)

Average Customer Review:

4.1 out of 5 stars

38 customer reviews

Amazon Best Sellers Rank:

#314,387 in Books (See Top 100 in Books)

Before going into the review of Mobile Home Wealth by Zalman Velvel, I feel the urge to write a preface.Yes, less than three years ago I did declare that my husband and I would permanently settle within the Washington D.C. area for the rest of our current lifetimes. Yes, the Washington D.C. area is a popular and good area to live in because there is so much to do. However, my husband and I have now decided to keep our options open on where we would live long-term and what type of residence to live in in light of the escalating costs for apartment rents within the D.C. area. We are carefully choosing where to live long-term and where to rent because we do not use government assistance to pay for our rent, but do not consider ourselves superior to those who are forced to do so (just luckier). I purchased Mobile Home Wealth: How To Make Money Buying, Selling, and Renting Mobile Homes by Zalman Velvel from the author’s website for advice on renting and/or buying a mobile home. The content within the book turned out to be different from what I expected, but still good information. Some of the following details that Velvel includes within his book: The dramatic story of the hard decision he had to make when he saw a teenage mother whose mom was in jail and why he decided to keep a mobile home property as a rental (pages 65-67), the three deep dark secrets of lenders (pages 232-233), and pages 306-307 of managing your atm and building a power team.

there is nothing new in this book.... work hard, watch what you spend on the investment so you get a profit. The real hook is this wealth system works best if you own the mobile home park, and that takes a few hundred thousand bucks to get there. He has sound advice, and it is really obvious he worked extreemly hard most his lifetime to get where he is.

WOW ! Finally a real estate book that brings you in and shows you the inside. Zalman wrote an excellent book and tells you step by step how he did it, what he did, and how you can go out and do this for yourself. (WARNING - it wont be easy, but nothing worth having ever is) Zelman tells you what it will cost to setup a mobile, how much it will rent for, when to buy and when to rent.if you're looking for the hype and BS and upsell to a seminar, this isn't your book.... But if you want the real nuts and bolts, buy this book. Even if you're not doing mobiles, you might start after reading this.

The author lays it out better than most others who sell you their book on the premise that you can do the same thing as did they. The information provided is definitely useful. Probably the best advice given is how to go about evaluating properties that you find.He gives you formulas for flipping the homes (buy and re-sell quickly) as well as keeping them and renting them to others. (It is pretty easy to see how the data in this book could be applied to other real estate ventures, with only some minor tweaks.) It is written in plain English and he provides nice simple add and subtract type samples to demonstrate many of the points he is making, regarding profits, costs, etc.For me, a couple of sections I just skimmed as they were not what I want to do, but I could see the same type of detail in each of them. At the back of the book are several sample forms, such as contracts, offers, even ways to evaluate and take notes as you drive through mobile home parks looking for your next property or when actually stepping inside a home to see what needs to be done.If you are thinking about getting into mobile home investing, specifically, I think this book will provide you with enough detailed information so that you can 1) decide if it is something you want to do and 2) get started. Just keep in mind that the best bargains to flip (or even hold and rent) are going to take some cash and elbow grease. How much of each depends on the kind of deals you can find.I was not real keen, same as some other reviewers, on some of the financing options. I would suggest, if you go down that road, to check with your accountant or banker first before just following some of the ideas in the book. Other than that, I found the rest of the book quite solid and very useful. For cheap.

This is an easy book to read. The author has a pleasant conversational writing style. There are math formulas throughout the book, but each is really easy to understand. Information is given in small, easy to digest bites.

This book has everything but the kitchen sink! I have been to two seminars costing over $350 each and they didn't cover half the stuff this book does. The home work he gives you at the end of every chapter goes a long way in getting you started. I read the book cover to cover the first time. Then I help a friend who went chapter by chapter doing the home work the second. By the time he was done with the book the second time (5 months ago), he had everything in place and have been purchasing one mobile home a month ever since to great success, with a positive cash flow after expenses of $1,500 a month so far and plans to keep going.

Had lots of great ideas fixing up used mobile homes. I purchased 3 mobile homes and am renting them out. Enjoyed the read.

Very informative, not afraid to purchase a Mobile home for investment like I was in the past after reading this.

Mobile Home Wealth is not greedy at all with the information. By the time I got a little over half of the book read I wanted to see if there were really deals out there like the book stated. I got on the computer and in an instant found mobile homes for sale in my city. I went to the back of the book were the phone scripts are and put things to the test yet again and sure enough had a showing the same day. A week after seeing my first ever mobile home, I ended up buying 3 and renting them out in Sept 2013, but by Nov 2013 I had 15 mobile homes which was generating me a whopping $4,000+ in residual income. I thought outside the box and did something the book didn't talk about, but it still opened my eyes to yet another stream of income within real estate. Thanks for taking the time to read what I've written. Good buy guys.

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From School Library Journal

Gr 3–6—It's been a topsy-turvy year for Tess and her brother Max. Sent away from their New York home to a boarding school abroad, they are now spending the summer in the English countryside with their aunt Evie. Isolated and bored, Tess stumbles upon a mysterious gate atop a hill beyond her aunt's home. She unlocks the gate and discovers beautiful castle grounds and a boy her age named William. Tess is quickly charmed by William's earnestness, and the two develop a fast friendship, despite the curious circumstances surrounding the castle's sudden appearance and William's cryptic warning to avoid hawthorn trees. Strange happenings occur at the castle, and events become subsequently stranger each visit, culminating in Max's disappearance. Though the story is set in the present day, the use of old-fashioned, sentimental prose works well. References to the lack of Wi-Fi and Tess's father reporting from war-torn Afghanistan help ground the book as a contemporary tale. There is also an undercurrent of danger that adds a layer of depth and suspense to the storytelling. Readers new to the fantasy genre will appreciate the conflict Tess feels: she is torn between doubting the fanciful episodes and embracing the existence of magic and other worlds. VERDICT A slightly darker, updated take on magical realism classics such as Edward Eager's Half Magic and E. Nesbit's The Enchanted Castle.—Sophie Kenney, Vernon Area Public Library District, IL

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Review

Praise for The Castle in the Mist:“Bursting with imagination and warmth, Amy Ephron’s first novel for young people is a magical book in all ways.”—Holly Goldberg Sloan, New York Times bestselling author of Counting by 7s"This beautiful story’s quiet, peaceful tone nicely evokes both the serenity of country life and the haunting magic of the castle, and the emotional heft of Tess and Max’s separation from their parents, as well as their strong bond, keeps the tale firmly grounded in reality. Perfect for middle-graders who love classic fantasy."—Booklist"Rich description of the castle along with an elaborate map at the book's beginning and an illustration at the end enhance the fantasy world....A sequel is suggested; beguiled readers will hope it happens."—Kirkus Reviews"There are scenes...that are transcendent in their beautiful, ethereal descriptions [in this] uplifting novel about family and connection."—BCCB"A slightly darker, updated take on magical realism classics such as Edward Eager’s Half Magic and E. Nesbit’s The Enchanted Castle."—School Library Journal"A near-perfect 9....This book defies gravity because it’s hard to put down!"—Time for Kids, kid reporter

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Product details

Age Range: 8 - 12 years

Grade Level: 3 - 7

Lexile Measure: 810L (What's this?)

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Hardcover: 192 pages

Publisher: Philomel Books (February 7, 2017)

Language: English

ISBN-10: 9780399546983

ISBN-13: 978-0399546983

ASIN: 0399546987

Product Dimensions:

5.8 x 0.6 x 8.5 inches

Shipping Weight: 8 ounces (View shipping rates and policies)

Average Customer Review:

3.9 out of 5 stars

8 customer reviews

Amazon Best Sellers Rank:

#807,199 in Books (See Top 100 in Books)

Enjoyable, magical, adventure story but I wished there was more about the family that Tess discovered when she opened the magical gate. I hope she writes a sequel. The characters were fun and endearing. Please write more.

My granddaughter loved the book.

Lots and lots of middle grade magic books out there. Lots of family dramas, especially involving missing, ill or absent parents, as well. But this is one of the best books I've read that blends the two into a story that is both magical in the old-fashioned "wonder" sense and yet topical as well.On the magic side, we aren't talking wands or spells or anything involving a "magic system". We are talking about wonder, and dreamy boundaries that divide the real from the imagined, and wishes, and mists that obscure and illuminate. We're talking about did-that-happen? and I'm-sure-this-is-where-it-was. Gates and walls and hedges and rabbit holes and magical carousels all play a part. What you end up with is, (MILD SPOILER), Brigadoon meets Nesbit's "Magic City" and "Enchanted Castle", meets the original Mary Poppins, as written. (Mary Poppins, in the books, is a powerful and unpredictable elemental earth force, not a sweet nanny.)This is classic stuff, handled beautifully. Rather than belabor her points, Ms. Ephron uses suggestion and brief bits of dialogue, and passing observations to just sketch in what's happening. We switch from mundane scenes, (breakfast, driving to town, gardening), to scenes of great imaginative power, (finding the gate, escaping the carousel, playing magical miniature golf in the mist). Characters are always reading into what's in other characters' eyes, and half of the action is suggested rather than described. Sprinkled among these rather pastoral bits of wonder, though, are action scenes, (flight, escape, imprisonment), of great suspense and energy. Again, very hard to pull off, but I encountered no bumps or out of tune scenes.On the realism side, our two heroes worry about and are separated from their parents. Adults are kind and supportive, but there is an undercurrent of real helplessness and isolation. Our heroes are siblings, and their small conflicts and grand loyalties are on full display. I've rarely seen, or believed, expressions of affection and love among siblings in middle grade books, but this tale manages the difficult and old-fashioned task of showing the family ties that bind with great aplomb. And the small and large acts of heroism that each child displays feel authentic.As a bonus, there are some very funny scenes and some truly witty dialogue.So, this is a book with a fine story, a marvelous feel as a written work, and a fast pace that never drags out a point or overworks a scene. Both dreamy and sharp, it is a warm, magical and realistic find worth considering. (Please note that I found this book while browsing in our local library. I have no connection at all to either the author or the publisher of this book.)

Part magic, part mystery, and part true imagination; The Castle In The Mist whisks readers into a magical world that blurs reality, with that of endless possibility. With its short chapters and easy to read narrative, young readers will fly through the storyline, all while being carried away by its imaginative adventure.Amy Ephron, quickly guides readers into a world of wishes and imagination, in her first middle grade title. While this story is filled with many creative elements, I was still left with an overwhelming desire for a little more adventure. Between the hidden world behind the castle surrounded in mist, the mysterious boy William, his governess and the groundskeeper, there is so much more of a story that has yet to unfold. With its abrupt ending, I can only hope Amy Ephron will continue the story and either bring the children back to the castle in the mist, or continue the very endearing and intriguing storyline behind William and his family’s home.Excerpt from my newspaper column: For the Love of Books-Dixon's Independent Voice

Tess and Max are spending the summer in the English countryside with their Aunt Evie while their father is away in Afghanistan. While exploring, Tess comes across an old rusted gate and finds a key in the dirt that fits it perfectly. Inside, she finds the perfectly manicured gardens of a grand castle and a boy her age that invites her in to play. But he has a warning; beware the hawthorns. The next time she goes to visit, she takes her little brother and together, the trio begin a friendship that can only be found 'once in a blue moon'.The Castle in the Mist is a mysterious story of a summer friendship between three young children. The mystery being how anyone can live in the castle that has surely been empty for decades. And wouldn't Aunt Evie have known if she had a young boy as a neighbor? And why does William insist that she always have the key with her so she can come back to play?I really love the preface of this story. A hidden castle that can only be accessed with a special key. A dire warning about... trees? Yeah, that sounds like something I'd definitely want to read. It even had a bit of a 'The Secret Garden' vibe to it at first.But.I didn't love it. I was expecting more. The whole story is wrapped in this mystery but we don't get much of anything substantial until the end and then it was just a little confusing. We spend more time on the castle grounds than in the castle. There are little bits of what I suppose are magic but are more likely just bits of Tess's imagination. I honestly just wish it was a little longer and had more exploring or backstory of the castle itself.But I think I am being too critical because I am not the intending audience for this book. I think young readers would really enjoy the story and not look for all of the answers and accept it for what it is; something fantastically mysterious that happened to two young children.I received a free copy of this book but all thoughts and opinions are my own.

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Product details

File Size: 539 KB

Print Length: 24 pages

Publication Date: July 10, 2015

Sold by: Amazon Digital Services LLC

Language: English

ASIN: B011F788BO

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Amazon Best Sellers Rank:

#530,151 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

Misleading title. Very little info about specific baseball cards. Mostly just history of baseball cards and ramblings about collecting them. Also very short book, easily readable in less than an hour.

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