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High School Student by Day, Mobile Home Mogul by Night!

By
Education & Training with MobileHomeUniversity.com

"The key to our success in mobile home investing is our personal
education about the business: reading Lonnie Scrugg's books,
attending the Mobile Home Bootcamp, reading the forum on
Mobile Home University.com, and last but not least, our
committment and our goals for success. But most important is
my Dad's dictum that the blessing is in the purchase."

Alexander Hanak


In the summer of 2007, Alexander Hanak, a 16-year-old high school
student from the small town of Broaddus, TX (population 300) asked
his father to teach him the real estate business. His father, Bernd, had
retired from real estate investing eight years prior, but welcomed the
opportunity to help his son learn how to invest in real estate.

Within a matter of a few months, Alexander and his father attended
the Mobile Home Bootcamp in San Angelo, TX based on the
recommendation of Jack Miller, one of Bernd's mentors. Within a few
short weeks after attending the bootcamp, and with the help of his father,
Alexander set off on a journey to begin investing in the mobile home
business...

In just the last 5 months, Alexander and his father have:

Purchased and cleared six half-acre lots, and installed a total of
11 mobile home pads on them
Purchased 4 double-wide homes (28' x 48' to 28' x 64' in size),
rehabbed them, and prepared them for sale
Sold 3 of the homes on lease/option within 2 weeks of completing
the rehab. All three homes generated down payments between
$3,000 - $4,000 and monthly payments between $710 - $720

Balancing his time between being a junior in high school and building
experience in the mobile home business hasn't always been easy, but
Alexander's dedication to learning and his hard work have propelled
him forward, "on weekends, such as last weekend, my brother and
I, in one day, cleaned out one of our recently purchased homes."

Despite his young age, Alexander Hanak's wisdom and thoughts about
the mobile home business are both impressive and insightful...

"I thoroughly enjoy the business, and my dad and I consider it a
genuine pleasure to work in this business... I feel very lucky and
proud to have a father who shows me all of this. I believe that
anybody with or without much money can be successful in some
niche of the business, but also it is most important to have realistic,
written goals, and a deep desire to achieve the same. I look
forward to seeing all my teachers and friends on the 18th of April
in Austin at Mobile Home Millions 6." Alexander Hanak

Don't miss the opportunity to meet this inspiring high schooler
and his father, Bernd, at Mobile Home Millions 6 on April 18-20th
in Austin, TX!

http://mobilehomeuniversity.com/mobilehomemillions


Comments(3)

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Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
Corey, this is very interesting story. When are you coming to hold a seminar in New Orleans.
Apr 02, 2008 07:06 AM
BankOwnedFilter.com Bank Owned Blog
Buyer Resources - Newport Beach, CA

Hey Corey,  Just checking in on your AR Blog.  See how we sell Bank Owned Homes and check out our Orange County Bank Owned Listings.  Let me know if you get any ideas from this post.

 

Nate

Mar 03, 2009 01:51 PM
Ben Benita
Ben Benita - Gainesville, VA
Speaker, Author, Game Changer, Coach

Great story....Lonnie Scruggs is THE MAN for mobil hame park info......we are under contract on a mobi home park here in Virginia, the returns are certainly excellent, and, as above, it is nice being able to help others.

Oct 07, 2011 11:34 AM