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Updated almost 15 years ago on . Most recent reply

User Stats

207
Posts
33
Votes
Joe Pitrolo
  • Investor
  • Morgantown, WV
33
Votes |
207
Posts

Mobile Home Goals

Joe Pitrolo
  • Investor
  • Morgantown, WV
Posted

On average with lonnie Deals, I am getting around 5k note financed at 10-12% over three year. I currently have five homes with around 25k in notes, this is all in the last year. I have three rental units that I want to eventually sell also.
I started buying four in a park as rentals. I realized rentals were way too much work and notes seem much easier to sell.

Now I'm thinking, 'if five equals twenty five fairly easy, with 50 I could have 250k in debt. Wow!" I'm starting to take this more seriously!
I would like to also finance homes and/or doublewides and hopefully acquire some parks also.
Does anyone have thoughts about streamlining their business to go from five to fifty? 25k to 250 or even a million?
I'm thinking birddogs, Virtual assistants, more structured deals to save financing.
Also, would anyone be interested in a mobile home investing chat possibly once a month to share ideas? :D

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