I think I smell opportunity. Am I wrong?

[Carrie Herring]

I saw the following post locally in NE Georgia, where 1/2 raw lots go from 15 to 50k. Lady posting is the true owner of a 1969 mobile home 2 bd 1 bath, 684 square super close, not on, Lake Lanier. I defended the lady from much criticism, stating her math was off, but it was a creative offer, and a counteroffer could be a win win. It has now been suggested that I should accompany this lady to the looney bin. Am I that far off? Would anyone here be interested in such an offer? 

Here's the post minus her contact info and exact address:

I'm telling mine pretty rough shape mobile homes I feel about my dress this would be worth almost 200,000 not too long from now so good because I need to live in it for 15 more years until I die whichever comes first I think 35 in cash and you can take it over when I die or 15 years first or I'll accept 10,000 cash down and a few hundred a month until you ready to take it over at that time of my death or whatever then you would be giving that payment to my children until the contractor satisfied serious requires only please  or you can email me let me know if you want to come look at it whatever money I get at the beginning and their household it's going to go into fixing the place up by the time I die I hope it's quite nice extremely life actually before the viral to be able to actually move into it themselves it'd be a hold of my place by the time I can do any more to it hopefully waterwood drive Gainesville Georgia 30506 I'm ready to do it ASAP

My first reply:

Cute area, actually owned by poster, and almost a half-acre with the small 684-foot trailer. Her math is off but it's a valid option. Counteroffers would probably be accepted. An opportunity for the lower credit score folks. Good for Lisa being creative!

Second reply:

You may be right about the lower credit buyer. Still, I think it could be an opportunity for the right investor and the seller. Counteroffer could be something like 10k up front and 200 a month for 5 years would give you a buildable lot with water and electric for 22,000. This would not be an uncommon deal.

Thanks in advance for any input!

[Rachel H.]

@Carrie Herring The mobile home is very old, so you'd be looking at the land. Before you make an offer, it's best to figure out your exit strategy. 

I'm not sure if you're planning to buy and hold or fix and flip. If you're planning to buy and hold, then you'll have to check with the city and/or county to see what restrictions (if any) exist for that piece of land. You'll need the legal description and address for them to look it up. 

Sometimes, if you plan to put a newer used mobile home on a piece of land or lot there may be restrictions (i.e. size, age, condition, etc) depending on the city and/or county. Your local zoning department will be able to tell you what you can and cannot do with that piece of land. 

If you're planning to flip the land (with or without the mobile home), then you'll have to figure in the value of it and submit your offer accordingly to make sure there's room for you to make a profit. 

Best of luck with the deal. Hope that helps!