Adventures in Mobile Homes
About the Company
Adventures in Mobile Homes is Rachel Hernandez's mobile home investing business. She purchases mobile homes outright, then sells them to buyers on a payment plan, acting as the bank rather than the landlord. The homes are sold to people who handle their own maintenance, allowing Hernandez to focus solely on generating passive income. Her business model is a sub-niche within real estate investing, and the lack of competition in this area has been a key factor in its success. Hernandez has been able to build a steady monthly cash flow of approximately $10,000 by applying this approach.
Idea Behind Company
Hernandez's shift to mobile home investing was sparked by burnout from managing single-family rental properties. After reading Deals on Wheels by Lonnie Scruggs, a book about mobile home investing, she realized she could generate passive income without the traditional landlord headaches. By acting as the lender rather than the property manager, she collects monthly payments without being responsible for property upkeep. The simplicity and profitability of the model attracted Hernandez, allowing her to step away from the daily grind of property management.
Creating the Company
The launch of Adventures in Mobile Homes involved extensive market research and preparation. Hernandez visited nearly 200 mobile home parks, talking to park managers, owners, and residents. This process took nearly a year but helped her understand the local market and prepare for her first purchase. Hernandez had saved $200,000 by selling her single-family homes, which she used to fund her mobile home investments. Her first deal was a $3,600 purchase that provided a steady cash flow for several years, marking the start of her new venture.
Launching the Business
Hernandez’s first mobile home purchase was a major turning point. She bought a two-bedroom mobile home for $3,600, which was in move-in-ready condition. After the initial sale, she sold the home for $10,000 on a payment plan, securing a reliable income stream for several years. This approach became the foundation of her business model, as it enabled her to generate a consistent monthly income without requiring significant additional investment in property management. Over time, Hernandez expanded her network within the mobile home community, helping her to scale the business.
Earnings
By applying this method, Hernandez built a steady cash flow. In the early years, her earnings gradually increased, with cash flow reaching $5,000 per month by year five. Today, Adventures in Mobile Homes generates $10,000 per month in passive income, allowing Hernandez to focus on other projects. She continues to seek new opportunities in mobile home investing, including plans to buy land and place mobile homes on it for sale, which could further increase her income. Hernandez also shares her experiences through her podcast, aiming to help others succeed in mobile home investing.
