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CALIFORNIA investors – here’s one for you…
FRESNO
3/2 mobile home in a park
asking $10,000 – but negotiable.Sounds like a great Lonnie Deal opportunity. So, what’s a Lonnie Deal? Named after the late, great Lonnie Scruggs, a Lonnie Deal is when you buy a mobile home below market then resell it with seller financing for more. You usually get most, if not all, of your cash investment back as a down payment, then you get monthly payments for years and years.
A Lonnie Deal works especially well for older mobile homes because buyers cannot get bank financing. This is also the reason you can buy them at a low low cash price.
This could also be a wholesale flip!
Realtor.com has similar homes for sale for $45,000 to $49,000. – Just to give you an idea of what you could sell it for with seller financing.
$100 referral fee on this one – only paid if you do the deal.
Want this one? email [email protected]
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