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Do you believe mobile home investing works? Most definitely. That’s why I’ve come to this site. Not sure. I’d like to learn more about it. I’m still a little skeptic. I’ve heard some horror stories about it. Still deciding. Heard the returns are great but not sure if it’s right for me. It’s just not…
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This movie is one of my favorite business movies. Who can forget Gordon Gecko’s famous line, “Greed is good.” Classic acting and great performances by Charlie Sheen and Michael Douglas. In the movie, you learn about the power of money and what it can do to people. Though in the end, you also learn there…
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I’ve had a lot of people ask me how to get started investing in mobile homes. Thought I’d make a post to address this question. Before you even start investing, the first thing to do is get your personal finances in order and understand how money works. There have been countless people who go out…
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“You know you’ve hit bottom when the best way to increase your house value is to tear it down. For years, I have lived in a cabin which was attached to a 12 X 70 mobile home (otherwise known as a trailer). I haven’t used the trailer in years because it was falling apart. It…
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In the world of mobile home investing, a financial calculator is one tool you will definitely need. When you sell a mobile home on owner financing, you will need to calculate the monthly payment for the end buyer – a financial calculator will help you do this. In addition, it will also help you to…
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Which financial calculator do you use? I use a regular, good old fashioned calculator. Definitely an HP 10B II. Calculator? I write everything on paper. I prefer the HP 12C. The Texas Instruments BA II. I do not use a calculator. All my calculations are done in my head! Still trying to figure out which…
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Some people have asked me about using Craigslist to find buyers and sellers for mobile homes. Overall, I think Craigslist is a great website with good intentions. Though, it’s one of those things you have to be careful with – buyer beware. Craigslist does not monitor their postings – they leave it up to the…
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There seems to be a lot of people out there doubting Lonnie Scruggs, the Godfather of mobile home investing, who says he buys mobile homes for “…$2,000-$3,000 and sell for $4,000-$6,000.” People have said they can’t find mobile homes for $2,000-$3,000 and Lonnie’s system does not work. Folks, Lonnie’s system does work. There are mobile…
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Mobile homes are the last source of affordable housing available out there – providing this service is a definite need in any community. Unlike single family homes and apartments, mobile homes are in a class in themselves. What I like about mobile homes is working with the parks and feeling a sense of community helping…
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I’ve uploaded a new video to the YouTube channel. When it plays, click on the lower right handside on the red triangle to get the slider and choose play in HQ (high quality) for the best video quality. Enjoy! Video Link