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Make Money With Single Wide Mobile Homes For Sale By Owner

04.25.2008 by Kenneth in Mobile Home Sales

Today I did not have to much to say about making money online. Not that I am not making any money online but I like to look at other opportunities to make money off line also. If you have not thought about this, then I would urge you to look into other sources of income and diversify you portfolio of income opportunities. My latest diversification is in the area of mobile home. Most people would not think that their is significant money to be made with mobile home. Most people just think that they are trash and are not worth the trouble. But I have to say that single wide mobile homes are some of the best investments out their. And if you buy them correctly, you can make 100% to 150% or more on your investment.

Some people may say no way… 100% on an investment. That can’t be right. Well, I was a little skeptical also when I stumbled onto this investment stategy, but I found that it was true.

How do you make money with single wide mobile homes for sale by owner?

First buy a book named deals on wheels by Lonnie Scruggs. I brought this book 4 years ago and turned over a $4000 dollar mobile home that made me about $7000 dollars.

After buying the book look for single wide mobile homes in your areas. This will involve driving the local mobile home lots. Find a single wide mobile home that is between $3000 and $5000 dollars. Once you find a unit that you like and can get the price needed put a down payment down to hold the property and a contract for purchase for 30 days. Lonne explains all of this in his book. Then you want to talk with the mobile home manager to see if they will allow you to purchase the home in their park. If you can great continue on with the deal. If not walk away from the deal.

Once you get the deal list the mobile home in your local paper as is. Don’t do any work to the mobile home and have the present owners to show the mobile home for you. Once you find someone interested set up a note for that person to buy the mobile home from you on payments. Setup the payment plan and interest and collect a down payment. Personally, I like to get done payments that are near or the same of my purchase price. Set the remainer up on payments and have them move in as soon as the present owners leave. Hopefully, you can do all of this within the 30 day period before paying the present owner. That is all to this system. Well, their is a little more that you will need to read once you purchase the book.

Believe me this is very easy and anyone with a little effort can do this. Google Lonnie Scruggs if you need more explaination of the system.

Deals on wheels: How to buy, sell & finance used mobile homes for big profits and cash flow

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