Old Mobile Homes or Money In Disguise

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Topics: Mobile Homes
mobile home investing

This is a great article written by the late Lonnie Scruggs – also known as the God Father of Mobile Homes. Lonnie created the “Lonnie Deal” system of buying cheap older mobile homes then selling them with seller financing so you can get cash flow. Learn more…. Fred was like most investors and entrepreneurs and […]

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Creating Multiple Mobile Home Profit Centers

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Topics: Mobile Homes
mobile home park investing

There are many her ways to make money as a park owner. Let's track one of the most successful park owners I ever met to see how he did things. Bill owned a 113 space water front combination rental and condo park. He also owned a finance company, a used Mobile Home dealership, a Mobile Home moving company, a new Mobile Home dealership, a management company, a fuel oil and bottled gas company, a Mobile Home repair service, a sewer and water utility company and a collection company.

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Buying From Distressed Mobile Home Owners, Lenders, And Landlords

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Topics: Mobile Homes

Mobile Home owners fall into dire financial circumstances as a result of all the usual reasons that affect conventional homeowners; but there are unusual circumstances that create opportunity: When a mobile home is situated on an individual rental lot, or in a land lease park, being in default on the loan is usually accompanied by being in default on the lease too. This creates challenges for everyone.

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Trailers or Mobile Homes? They’re Both Cash Cows

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Topics: Mobile Homes


    If you want to learn more about "Trailers", all you have to do is to mention the word "Trailer" to a "Mobile Home" owner. You'll immediately be assaulted by a lecture on the difference between the Raggedy Ann tagalong image of "slope-shouldered" pre-war gypsy caravans and today's "Manufactured Mansions" that vie with stick-built housing to woo the discriminating buyer. Most of what you will be told will be true; particularly the cost per square foot of a new mobile home. New Mobile Homes are very profitable, but, an older used Trailer is where the money is for the little guy who is trying to get started. When it comes to making money, Trailers rank near the very top of high yield investment alternatives for everyone.

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Mobile Homes Can Be Profitable Without Owning a Park

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Topics: Mobile Homes


   Developing and managing mobile home communities can be extremely profitable, but based upon the return on investment, it's hard to beat mobile homes themselves. Homes can be new or used, single or double-wide, bought and fixed up for resale, rented and written off, or held as inventory for sale, located in existing parks, private parcels, or on sale lots, financed privately or through commercial lenders. Let me give you some examples of a few ways mobile homes have been used to make extraordinary profits:

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Mobile Homes Can Be Profitable Without Owning A Park

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Topics: Mobile Homes

Developing and managing mobile home communities can be extremely profitable, but based upon the return on investment, it's hard to beat mobile homes themselves. Homes can be new or used, single or double-wide, bought and fixed up for resale, rented and written off, or held as inventory for sale, located in existing parks, private parcels, or on sale lots, financed privately or through commercial lenders. Let me give you some examples of a few ways mobile homes have been used to make extraordinary profits:

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Mobile Homes Can Be Fixed Up To Make Money

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Topics: Mobile Homes


    If you want to become a full-time entrepreneur one way is to start finding homes to fix up and sell. Unfortunately, the conventional housing market is getting pretty crowded and competition is keen. But, for the most part, buying mobile homes to fix up is largely overlooked despite the high profit in fixing up mobile homes.

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Land Home Packages Offer Higher Returns

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Topics: Mobile Homes

  

      I know a fellow who is able to buy inexpensive land on which to develop his own mobile home condominium communities. Each lot is separately platted and deeded. His costs to develop an up-scale mobile home subdivision are approximately $10,000 per lot. The retail market value of finished individual lots with curbing, gutters, paved streets, wiring for cable TV, with all connections to the lot is about $45,000. There is a ready market for these lots at that price. Being able to create something and sell it for more than four times the cost is a pretty good business, but it can get to be a lot better when you plug in new mobile homes.

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