Help! Working a mobile home lead and I'm lost

[Gary Alford]

Hey BP fam, 

I came across a mobile home lead that is in a park here in Norfolk,  Virginia and trying to figure out how to work it.  I am a wholesaler but of course would love to get some cashflow going. My first thought was to wholesale it but lost on how to do that since it's a title not a deed and do not think i would use a normal contract.  

I know the norm for these are to buy fix up and sell on owner financing or rent it out.  Which would be great to do but i do not have the money to do so. I'm also lost on how to even figure out a arv for a mobile home in a park. 

 Please help me figure out my true options... should i refer it to someone else and collect a referral fee or maybe search for someone to get the money from to buy and fix.  Any information,  guidance,  interest or help would be greatly appreciated.  

Gary

[Dee Gladney]

Hi @Gary Alford,

I was in your shoes a couple moths ago but you are in luck because they are easy to deal with. You can use a standard contract to work with them. The key is to get it at a price that will allow you some room for profit. Once you do that, you can run ads on sites like Craigslist to see if you can move it. What I ended up doing was setting up a simple website that I could show them on and I got a email capture system so that I could market to the people that responded to the ads but I couldn't help. 

After about a month, I have a list of over 30 people that are actively looking for deals that I can send my MH's off to. It takes a while and it's nerve racking but it's worth it. The best part of it is....there's no closing! You just have the title signed over then collect your money, Simple. Hope this helps.