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Updated over 5 years ago on . Most recent reply

User Stats

108
Posts
66
Votes
Matt Speer
  • Rental Property Investor
  • Indianapolis, IN
66
Votes |
108
Posts

Free Mobile Home - Indianapolis, Indiana - HELP

Matt Speer
  • Rental Property Investor
  • Indianapolis, IN
Posted

I'm a wholesaler in Indianapolis and run some digital marketing and mailers. I had someone call today who owns a 1984 trailer that they bought for $1k and they fixed it up to be livable. 

He has a lease with a 30 day notice to vacate, month to month. 

He has agreed to sell the trailer for $1 (yes a single dollar) if I can take over the title and thus the lease. He just wants to leave and doesn't have a way to move it. 

Problem

I don't invest in mobile homes and know very little about it. 

Opportunity 

He wants to essentially give the trailer/mobile home away for free. There seems to be money to be made here. 

Ask

Does anyone have any advice on how to go about this possible deal? Does anyone with more experience want to JV on the deal or simply pay my company a fee assuming we can get the title signed over to you?

Most Popular Reply

User Stats

1,096
Posts
374
Votes
Mark Brogan
  • Investor
  • Roanoke, VA
374
Votes |
1,096
Posts
Mark Brogan
  • Investor
  • Roanoke, VA
Replied

most important thing is talk to the park owner, they can make your life miserable, then do what @Rachel H. said

good luck @Matt Speer

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