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Updated over 9 years ago, 08/23/2015
Help! Working a mobile home lead and I'm lost
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