The Real Estate Secret NOBODY Knows About - Shaneka Lené #59

On this episode of TMFS, real estate investor Sis Shaneka shares her journey in real estate investing, specifically in mobile home investing. She started in 2018 with wholesaling and then expanded her portfolio to include creative finance and mobile home parks. Sis Shaneka emphasizes the importance of sharing knowledge and helping others along the way. She recommends using bandit signs and Facebook Marketplace to find mobile homes to invest in. She also discusses the rehab process for mobile homes and the lack of an ARV (after repair value) concept in the mobile home space. Sis Shaneka explains creative finance and how it can be used to acquire properties without traditional methods like bank loans. She also shares her experience with subject-to deals, where the buyer takes over the existing mortgage of the property. In this conversation, Sis Shaneka shares her expertise in real estate investing, specifically in mobile home investing and creative financing. She discusses various strategies she has used, such as seller financing, rent-to-own deals, and creative finance deals. Sis Shaneka also talks about the importance of education and mindset in real estate investing. She shares her experiences with hard money lenders and explains why she prefers buy and hold strategies over fix and flips. Additionally, she discusses the potential for forced appreciation in mobile home parks and the opportunity to pull out significant amounts of tax-free cash through refinancing. Sis Shaneka also shares her experiences as a licensed septic contractor and how it has allowed her to create additional cash flow for her mobile home business. She emphasizes the importance of taking action, overcoming fear, and developing a positive mindset in order to succeed in real estate investing. As always family, ENJOY!