Edward Snelling
Active 1 year, 9 months agoForum Replies Created
-
Posts
-
One of the greatest ROI of your time, effort, energy and money is with seller-finance mobile homes. Intro yourself to the park manager letting them know you might be interested in buying homes from residents who wish to sell. Really need to be diplomatic about it and present it knowing that they also buy homes from their residents who want to leave, but they cannot buy them all. Let them know you gladly pay referral fees to them, something like: I enjoy handing $100 bills to park managers. You can get some very lucrative deals from these owners for whatever reason they want to leave but “need” to sell before they can. Purchase it with your money, or with funds from private lenders and turn around and sell it with seller-finance, significant down payment and monthly payments. One of the best things that can happen to you is for some reason the person you sell it to must leave after a few years – then you can just repeat the same process with the next buyer. I personally have had ROI’s of over 250% with these and have re-sold the same home 4 times. That would be difficult to do with a SFH. Good luck………….
Ed
Sale with minimum undisclosed reserve. All bids conditioned with owners acceptance.
That is on a large banner ( 3×5 ) that could be placed in the front yard of the property for several (perhaps a full week) days prior to open house. Since it is in the yard of the property code enforcement may not be an issue depending upon market.
