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Updated about 11 years ago on . Most recent reply

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Scott Schuhwerk
  • Lender
  • Lincoln, CA
17
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Mobile Home Investing - Selling on payments

Scott Schuhwerk
  • Lender
  • Lincoln, CA
Posted

I have been reading a bit about this , picked up a book by Lonnie that I need to read, however my big question for the group is if living in the Sacramento area makes this type of investing difficult due to the price points. From looking at success stories, online at diff groups/websites and comments from this group seems like a lot of the topics of successful deals are from the mid east area of the US, people buying a mobile home for $3k for example, I have looked and don't see anything close to those types of numbers here in this area. If I want to get involved in this type of investing do I need to do it outside of California and travel to MO, TN, AL for example?

I think it is a great concept, buying a unit for little to no money, fixing it up and selling it on payments for cash flow

Interested in the opinions of the group on this

Thanks all, looking forward to being a part of BP!

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Who is Bill Olsen, do you have a link?

Lonnie deals are dead, specifically mentioned in the SAFE Act. Those books are still being sold, in spite of the illegality of the content. But then drug dealers sell junk on the street to people who have great expectations without knowing what they are buying. :)

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