
2 minute read
A mentor is an invaluable friend -- for life
from Chimene Van Gundy
EP Magazine 5 “I literally won a course, three days of training. It was to happen on Mother’s Day Weekend of 2015. I told my husband that this was what I wanted as my Mother’s Day gift.”
Chimene spent those three days in training, learning about real estate, the four buckets of money, and the fact that the bank doesn’t want to be stuck with foreclosed properties -- because they are in the lending business, not the property management business.
Advertisement
She was invited next to join the success group, which required two prior classes and a mentor. Chimene now had these, but this advanced group also came with a $20,000 price tag and she had no idea how she would come up with the funds. Still Chimene was so enthused, so determined. She knew nothing would change for her unless she made it happen. So, she took that first leap of faith, the first confident stride, and set out to become the unstoppable force that she is today.
“I told them to hold my space for seven days and they agreed to. I went home and sold some jewelry, some paintings, and a collection of Precious Moments figurines that I had been collecting since childhood. I was able to come up with all but the last $3,000. My husband kicked in that part of the money. It was such an incredible feeling to know he believed so strongly in my ability.”
Investing in Mobile Homes Pays Off
When Chimene first got involved in the mobile home business, the impetus was twofold: to start earning money with all she’d learned from her training and mentor, and to help change the image of the mobile homeowner that stigmatized her as a youth. Mobile homeowners are not, in fact, cash poor and about 25% of the 22 million people who own a mobile home have a six-figure income. Today Chimene is known as The Queen of Mobile Homes and is well on her way to achieving the goal of putting one million people into mobile homes. She also wants to inspire, educate, and support other people to create wealth by investing in real estate.
After Chimene took that first leap of faith and went into real estate investing, she perfected a process of buying properties without credit or cash. To date, she has wholesaled more than 150 mobile home units in 11 states. She has fixed and flipped roughly 450 mobile home units. She went from a net worth that at one-time was negative $50,000 (mainly student loans for her bachelor’s degree and Paralegal Certificate) to over $2 million in net worth. And all this happened barely 5 years ago.