HELP on How to Market My Mobile Home

[Nick Abbate]

I am Looking for Help Marketing a Mobile Home I just picked up.

I need it to sell as fast as humanly possible. Like Yesterday.

Backstory:

I picked it up for free but need to sell immeadiately, its in a great park 50 feet from the club and I have been posting constantly on Craigslist since I got it.

I have it up for $3500 cash or owner finance at $700 down and $200 a month for 18 months.

Please help need gone immeadiately. Other Mobiles in Park are going for $5k to 40k.

Lot rent is $470 includes water sewer & trash but no power.

Please help me figure it out so I can get it sold asap. Thanks.

I have pictures if you want to see my marketing efforts.

[John Fedro]

Hey guys,

Tod R. thanks for using the "@" feature. Now I understand how it works. And thank you for connecting Nick and I. I have already been corresponding with Nick via email for a couple of days and I think his deal can be a great lesson for others reading this thread so I would like to fill everyone reading in on what we have been discussing.

Note to newer investors reading: Before you purchase or make offers on any investment MH you must know your local market and be a local expert. The first thing one can do is test your area for buyers; know where they are coming from and what they will pay and for what types of MH properties. [know this BEFORE you buy] Once you know this you can successfully make purchase offers safely knowing you should find "X" number of buyers and you will make your money back in "X" number of months. In cases such as Nick's this is typically not done (not due to anyone's fault). Realize that even if you are given a FREE mobile home you can still lose money - lot rent can be expensive and buyers (especially senior buyers) can be limited. This is bad spot to be in 1.) because you may lose money and be stressed and 2.) this experience leaves a bad taste in the investors mouth with regards to MH investing.

Back to the thread at hand. Nick, you should see this as a learning opportunity first and foremost. With that said lets sell the thing and make you some money! [As I mentioned in our emails] I would forget about expecting to profit anything up-front. Simply knowing the home may need repairs, there are others for sale in the park, and it is a senior park you have to make this deal drop-dead-sexy for all senior buyers currently looking for a MH in a park. So forget about making anything up-front, but be happy with making cash-flow in a few months. I.e. - Advertise with zero move in and allow the new tenant-buyers to pay just for lot rent for the first 3-6 months, then payments go up to a regular price. This should help increase interest.

Also clean the interior and exterior of the home as best you can and be open to working a purchase solution with all interested buyers.

And of course as everyone else suggested, market, market, market. With bandit signs, newspapers, flyers, networking, anything and everything to reach the masses.

Best of luck Nick and please let us know what happens.

John

p.s. Does this park have any sort of alternative to a senior moving in. Some parks allow for non-seniors to move in the park under certain guidelines. Worth asking the PM...