All Forum Posts by: Tim King

John, I like your comment about making expensive / burdensome for the seller to back out.  What are some of the techniques that you use for this?

Many thanks - Tim

I personally like the return I can get from seller financing mobile homes. I believe that there are number of parks in the Oceanside area and you can put $40,000 to work doing "Lonnie deals" pretty simply in your spare time. These are usually very high return but only have a term of 5 to 7 years.

Best - Tim King

Michael, I am a park operator and would say your realistic expenses will be closer to 40% of the gross and possible higher because of the small scale of then park.

Andrew, I am always looking to acquire more parks in the Arizona market. I currently operate one there now and I am looking to acquire several more over the coming years. If you have any opportunities please feel free to forward them to me at [email protected].

Look forward to working with you - Tim

@David Kauzlaric , I have been buying and selling mobile homes "Lonnie Deals" just like this for many years in Southern California. The first thing I would do is read the book deals on wheels by Lonnie Scruggs if you have not already done so. The challenging thing about selling mobile homes like this is value is incredibly subjective. Also, the manager of the Park is ultimately the gatekeeper of your transaction so you need to make sure they are okay with what you are doing. I personally sell them and carry the paper and do not rent them because older mobile homes tend to break and I prefer the minor inconveniences that come holding the paper over the major inconveniences that can come with this type of tenant. One of the first things I would do would be to run a test ad in that market offering this rehabbed mobile home for sale with X amount of dollars down and Y amount of dollars monthly payment. See what kind of response you get before you start investing your money.

Hope my $.02 helps - Tim

@Jerry K. What counties in AZ do you invest in?

Jerry, I am registered in Pinal County for the Lien auction. when I try to look through the data base of liens I cant seem to find a way to sort them by land use etc or any way. I believe there are over 4000 liens and the only way i can see is to look at them one by one. Do you know of any other was to sort them?

Many thanks - Tim

Ken, I have had a lot of luck in buying on terms closer to the seller's asking price and then reselling at better terms and making the spread in the middle. Quite often with very little money in the deal.

Tim

Does Anyone have a referral for a credit repair organization or company?