Stories and adventures about my experience investing in mobile homes.
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
Thought I’d post a list of the Top 10 Personal Finance Books that have helped me understand the subject of money. Before going out and starting to invest, I needed to make sure I had my own financial house (aka personal finances) in order. There have been countless people who go out and invest without…
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Here are some good books about mobile home repair. I’ve personally purchased both the manual and the mobile home repair guide. Both great reference books!
Video showing how rewarding this business can be!
Lately, I’ve been screening buyers. Let me tell you – it’s basically the same conversation over and over again. I feel just like an answering service. Though, I’ve gotten better at screening and getting better at weeding them out. When screening buyers, the first thing you have to keep in mind is your ideal buyer.…
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