All Forum Posts by: Tony Ardison

What he explained to me was there were other mobile homes on the lot before. Some years ago. But they sold them and he didn’t need any more besides the one he has now. There’s already like 4-5 different the water hookups which he showed me.

@Paul Amegatcher thanks brother! I appreciate that info!

@Ross Nussle yes $38k was exactly my # when I called them back. Of course they said they couldn’t drop that low.

On to the next lol.

Thanks for this info!

@Frank Jiang thanks Frank!

Yes, he said he owns the land and everything on it. Which I’m guessing is why he’s asking for $75k.

Thanks for the feedback guys!

I just left the appointment with the owner & it’s actually only one mobile home on the lot but it is about an acre of land. There’s 2 big garages on it but a lot of room to put other mobile homes on it if we want.

He’s asking for $75k for it all.

There’s also a home next door to the land that belongs to his family and they’d be willing to sell it for next to nothing. I’d probably knock it down and put more mobile homes in its place. And to the other side there’s an empty Mobil home that another owner is willing to “give away” for free. Not sure how much it will cost to repair yet tho.

The trailer that’s on the land now is the one that he lives in & it is move in ready. Great condition. Can rent for probably $750 a month.

Does this sound like a good deal for $75k? Or should I talk him way down...?

Hello all,

I have a highly motivated seller who owns a mobile home park. Can possibly be my very first wholesale deal. Already have a buyer that’s interested if I can get it under contract.

But I have NO CLUE where to start. Don't know how to figure out an ARV or anything since there are no comps. Any suggestions??

I was told that it’s totally different than wholesaling homes in that I may not need a title company and that it is more of a commercial wholesaling deal. I really don’t want to leave money on the table.

Any advice would be greatly appreciated!

Good morning everyone,

So yesterday I went on my first appointment to a seller’s house. It’s 2 homes altogether that are side by side to each other. One of the homes was in OK sale but the other one would probably need almost a complete gut job. I brought along with me a local contractor that I’ve started to build a relationship with. All three of us walked the 2 homes and talked a bit. I wanted to submit an offer and get my first deal but I didn’t because my contractor said he probably would pass on this one because the foundation was like something he’d never seen before. 2 rooms had concrete underneath and some didn’t. One room even had a crawl-under space.

ARV of both homes combined would've been around $140k when all set & done. Repairs would've been roughly $45-60k just from both of us eyeballing it. Square footage is about 1,000 sq. Ft. A piece. One is a 2 bed, 1 bath and the other is a 3 bed 1 bath. The homeowners want $99k for the 2 homes combined.

My question is, as a wholesaler, would you guys have given an offer on this? (I know this post has limited details)

And what do you normally look for in a home when doing a walk-thru?

Any & all advice is welcomed and sorry for the lengthy post.

I’m new to Wholesaling and Real Estate as a whole. I hear a lot that wholesalers will include paying closing costs in their pitches to the seller.

Is this paid out of the wholesalers pocket up front? Or is this deducted from the wholesaler’s check once the deal is done?

Aahhhh ok that makes perfect sense. So I wonder if she’s saying they have a different wrap around mortgage on one or both of their current homes. The service was kind of bad when we had the initla phone call so I’ll get a more clear picture when I go meet with them tomorrow evening.

Also, they’ve already purchased the new home and are currently living in it. So their 2 homes for sale are both vacant.