opinion on flipping mobile homes?

[Devin Mann]

i dont have much money. 

do you think flipping a mobile home is a good start? (all depends on price of course).

how do i even run the numbers on something thats worth 15k?

[Bill Neves]

@Devin Mann

Howdy.

Several ways to do start doing mobile homes with little money. 

You can ask the seller to allow you to make payments for a period of time. Then fix (if needed), sell and pay the seller off. Take the profit and do another.

You could get a money partner (or partners) to work with you and split the profit.  REIAs should have several at any meeting. A couple deals and you won't need their money any longer. And you're on your way.

Meet and cultivate park managers to be your eyes and ears in the parks and refer properties to you. They will come across deals that you will never see otherwise. We find some of our best deals this way.

When they give you a referral unit, make sure to 'thank them' with a $50-$100 gift card from a restaurant they like. Find that out during your visit.

Value is case by case, area by area and park by park. Takes a bit of legwork and home work to get a handle on values.

Like mentioned above if an asking price is $15k. I like to ask what's the least they would take for cash rather than give them a number. We've been pleasantly surprised how low we can get mobile home prices. i.e. $500 or $1000 for places.

Good luck and have fun!