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Updated over 11 years ago on . Most recent reply

User Stats

29
Posts
3
Votes
Ken Madill
  • Real Estate Agent
  • Massachusetts
3
Votes |
29
Posts

Buying mobile homes

Ken Madill
  • Real Estate Agent
  • Massachusetts
Posted

Hi all,I have read all of Lonnies books. and have been activly looking for Lonnie deals. Currantly searching craigslist, talked with park manager[one manager hanldles five parks in my area]. Posted bandit signs and I buy mobile homes on craigslist. Everyone I talk to wants giant money for there homes.Stuggling to find a deal under 10k
Kenny

Most Popular Reply

User Stats

260
Posts
119
Votes
Terry Drake
  • Real Estate Investor
119
Votes |
260
Posts
Terry Drake
  • Real Estate Investor
Replied

Hi Ken, much like wholesaling you have to find the sellers that are selling because of necessity. I've had good luck in picking up abandoned homes that the park gets back and fixing those. Find some parks with reasonable lot rent and ask if they have any MH they have gotten back. Most of the time they just want that lot back on the rent roll and will sell it cheap enough and sometimes even free.

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