First Mobile Deal in the works!

[Jeff Warner]

So I took a look at an old Mobile home that I had been talking with a seller about, but before I went out there I called the office and spoke with the park manager to see what their criteria was (thanks Cole). The manager was very cool and had no problem with my business plan so I told her I will stop into the office and introduce myself when I get out there today.

I drove through the park and noticed it was very clean and full, both good signs. The seller back peddled and wanted $2000.00 but I held firm on my offer for $1500 and requested that she leave the fridge and the A/C unit. She said she had to think about it and that she would get back to me...I was disappointed but I was not going to budge on my offer. I got in the car, did a lap through the rest of the park and stopped in the office to introduce myself to the manager. While talking with her, she told me that they had a Mobile that they just acquired and would like to sell for $1500.00, I told her I was interested and would come back (the office was actually closed so I did not want to keep her).

Just as I was leaving the office, my phone rang and the seller told me she would accept my offer of $1500...with that news I drove around the corner, go the contract signed and left. I put this deal under contract for $0.00 with 100% of the funds held in escrow until the home is vacant and inspected. I know I don't have to open escrow for a mobile but I felt it was a good step to secure the deal and let the seller feel comfortable about signing a contract with no deposit.

Thank you all for your help in answering my questions as well as posting all the solid info for me to study up on. Without you guys I would not have even considered the Mobile Home business.

Jeff