flip mobile homes

[Ramon Contreras]

I like to know if there anyway,  to rehab a mobile home and make a quick profit out the rehab, does that works same as a normal houses,  

what aspects do you have to look for before I buy a mobile home and make a profit without holding it

thanks

Ramon Contreras

[Marc Faulkner]

Thanks Bill!  I would hate to think that what Lonnie Scruggs was doing in his own personal "Buy Here - Pay Here" mobile business, when he wrote the books, was why the current laws were adopted.  Lonnie has passed away, unfortunately.  When he was active, long before current policies, he always stressed being fair and, when it came to profit, one of his mottos was "good enough..."  I learned a lot from Lonnie over the years from his books and personally.  

I think it is a shame that this business model is no longer workable in this climate and, the ones who are missing out the most are the ones that can not afford to pay cash for a mobile home.  What's wrong with buying for $3k, spending a little to fix up, advertise and sell at $6k with terms of 10-12% for 5 to 6 yrs?  Why and how would that have ever riled up the powers that be to enact the current laws?  I understand that you can't operate a buy here pay here mobile home operation without a getting the proper licenses but, I don't think the practice outlined above qualifies as a reason to enact laws that require such.  Just my opinion.  RIP Lonnie Scruggs!!!