· By EarnYourLeisure Admin
AFTER A COUPLE LOST EVERYTHING THEY BET ON THEMSELVES IN A LITTLE KNOWN INDUSTRY AND ENDED UP BUILDING A BUSINESS POWERHOUSE.
Mobile homes are a multi-billion dollar industry. It requires extremely low amounts of capital to invest and the profit margins can be huge.
The owners of @mobilehomeeliteinvestors @byronssellers and @sharnicetwilliams came into the mobile home business by fate. Their journey began on 3/3/2017. That was the day that Byron was fired from his job.
After he became unemployed he started driving for Lyft. During his time as a driver he began to listen to podcasts religiously. One day he stumbled on a podcast about mobile home investing. The podcast caught his attention and he sent it to the love of his life Sharnice. The podcast peaked her interest because it mentioned that you could invest with low money down and you didn't need great credit.
Shortly after listening to the podcast, Sharnice was laid off from her job at the Chicago Gas Company. In the midst of thier financial hardships Byron’s car was repossessed, leaving him unable to drive for Lyft anymore. With their backs against the wall, they decided they had nothing to lose and took the leap of faith into being full time entrepreneurs. They took out a high interest loan of $10,000 at a 24% interest rate.
They then purchased 2 mobile homes that they found on Facebook for under $5,000 (one for $3,700 and one for $500). Less than a month later they flipped the homes for a profit of $19,500. Sharnice’s salary at her old job was $39,000 a year. Once she realized that she just made half of her previous annual salary in a month she was convinced that they were on the right path. Her and Byron have been full steam ahead in the mobile home industry ever since.
The couple has built a moblie home portfolio and developed the top educational platform online to educate investors on the industry.
In episode 41 of @earnyourleisure they gave insight on how anyone can get started investing for as low as $500. They went into detail about the ins and outs of mobile homes and detailed their journeys into becoming full time entrepreneurs.
EYL 41 will be out today at 5 pm est.
ARTICLE BY @RASHADBILAL