Advice on first Lonnie

[Christopher B.]

Don't know much about mobile homes. Have remodeled houses, have contractors, etc but this would be my first Lonnie deal. One of the largest U.S. manufacturers of mobile homes is located in my area so there is a decent amount of them around. Here is what I know and I'll post pictures soon as he is going to email them.

2/1 12x70

Needs floor work in kitchen and living room, outer pane of glass broke in kitchen causing leak, roof needs new coat of Cool Seal (3yrs since done), leak in roof caused floor damage in living room before seal was done, LR and Hall carpet cleaned/replaced, will Not come with heat/air, will Not come with appliances.

I will have to move the property because they purchased a new MH. Talked with a mover and to move it into the city where I live, located in an outlier of my city about 45mins away, it will cost $3k. I could also move it somewhere inside the city it's now, I'll have to find a park to move into.

Asking price is $1200 obo. Similar sized homes sell for roughly $7500

[Bill W.]

I strongly advise against moving a home on your first deal. It's a lot easier to learn in smaller increments than taking on a project of that size with so many figurative moving parts to begin with.

The quote you got to move the home (assuming it is just for moving the home) is really high. You don't mention where you are located but you could probably get it done for $1500. However, when moving a home you'll also have to pay to have the plumbing and electric hooked up. So altogether it's probably around $3500.

The home sounds like it is old. You didn't mention what year the home is but based on your description and that similar homes sell for $7k, I'm guessing it's a late 70s or early 80s. Homes that old are not worth moving because of their condition and you'll spend more on the move than the purchase of the home.

If by chance it's newer than I think, you might be able to have a park help pay for the move.

Based on the information you provided, I'd pass and find a deal with less headaches and bigger margins.