I just started reading Lonnie Scruggs book 'Deals on Wheels' on buying/selling and financing used mobile homes. I was attracted to the used mobile home market because of the low cost of entry and the fact that I don't...
There are mobile homes everywhere for sale, particularly in the Tampa Bay area. HOWEVER, there's no strategy to buying and selling for a decent profit, or at least I haven't figured it out. The biggest issue is the p...
Hey guys, I would love some insight on your thoughts on value for this small mobile home park.Park currently has 10 mobile homes. All park owned. 5 are currently rented ($600), 2 don’t have power due to new septic nee...
I was speaking with a man who has a long history in lending and working for a bank, and he was poking some holes in an investment strategy I was formulating. I would like to share here and get some opinions. My plan w...
I have been reading a bit about this , picked up a book by Lonnie that I need to read, however my big question for the group is if living in the Sacramento area makes this type of investing difficult due to the pri...
Hi everyone, new member here from Central Michigan. I have limited knowledge of the RE business as a whole, but have some experience as a landlord. I am to a point where I would like to get more involved in RE.
I'm...
I'm looking to invest in mobile homes, just starting out, and I'm getting a feel for what my area has to offer. While driving around I notice certain parks don't appear to encourage additions to the homes where as oth...
Hi,I am going to purchase a mobile home park in Brevard county, FL. There are 2 park-owned mobile homes without titles. The selling broker told me that it’s not a big issue because typically it takes 2 weeks and 200$ ...
I close on my first mobile home park Friday. It's a 17 space park with two being occupied by park owned homes. It was a rushed deal but I had several people look at it because it looked to good to be true. I was fort...
I just bought a single family house in Central PA (Cumberland County, near Harrisburg). The plan is to flip it. Bought it for $95k off market, planning to put in about $43k and sell for $190k.
We walked through twi...