Deals on wheels and making money with mobile homes

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2. Buying and Selling for Cash

John Fedro 7 Comments. When I first got started investing in individual mobile homes on private land and inside parks I had no idea who Lonnie was. It may surprise you to learn that Lonnie and I have never formal met face to face. If you are actively investing in inexpensive mobile homes and reselling them to good-hard-working folks you are changing lives one-by-one. To date I have helped countless families acquire temporary or permanent used mobile home housing that these families would have not been able to afford otherwise. This is done by a combination of techniques that rely on receiving payments as part of the sales terms of your mobile home for sale. Whenever I shake hands with a new tenant-buyer I see the look of honor and respect in these families faces. Perhaps never before has this family ever owned a home of their own. To the family of Lonnie please know your father, husband, brother has made an everlasting impression and change on the investing community that will live on in the good works of others he has inspired and trained. What a sad shock. Was he still touring and giving presentations. You certainly do share the same giving spirit as Lonnie and he will be missed.

1. Blogging

He was a great guy. Saw Scruggs on a replay of an American Greed episode from the other day.

Lonnie Scruggs Mobile Home Investing Books and Courses

Enter your mobile number or email address below and we’ll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer — no Kindle device required. To get the free app, enter your mobile phone number. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? If you’re tired of being a landlord but still want a good monthly cash flow, or if you’re a real estate note investor who can’t find any good-yielding paper, or if you just want to make MORE MONEY, you need to read this book. Lonnie shares his many years of experience and shows you how to make fantastic profits in the least recognized, yet best money-making business in the country. This book is referred to as the «Bible for the Mobile Home Business. Read more Read less. Kindle Cloud Reader Read instantly in your browser. Customers who viewed this item also viewed. Page 1 of 1 Start over Page 1 of 1. Lonnie Scruggs. Zalman Velvel.

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We will get in touch with you shortly. Flipping Houses For Dummies. Learn more. Have comments or questions? Your profit is the difference between what you charge your customers and what the drop shipping company charges you. Learn more about John at MobileHomeInvesting. I’ll be completely honest with you. Did you see any jobs that may work for you? For the few land investors who know how to pursue this business with the right acquisition strategy, it’s an extremely lucrative and low-risk way to build serious wealth from real estate. Bookkeepers record financial transactions for small business owners. Do you like to write?

Lonnie Scruggs Background and Bio

Check out my step-by-step guide on how to start a blog from scratch along with the most popular niches that make the most money and get the most traffic. Land investing that’s right, buying and selling vacant land is a massive opportunity that most investors aren’t paying attention to. John Fedro. Search for:. Ibotta Ibotta allows you to get cash back for items you buy. Have you ever thought about making a monthly passive income from a rental property s? Create an Online Store with Drop Shipping Dropshipping is a method where you can sell third-party products from a Drop Shipping Company without ever seeing or shipping the item. Another good way to make whels is to write hommes reviews and promote them as an affiliate. Do you spend money on groceries, wtih, clothes, gas, and entertainment? These are good ideas to make money. Thanks mam for giving me useful tips. Do you live in a popular tourist area? Interior Designers income varies significantly, but you can make six-figures or .

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John Fedro. Creating value and making money with mobile homes inside pre-existing mobile home parks is a very real opportunity that most investors never consider. This is also why this type of investing is so lucrative. In this short article, we will look jobile eight ways to make money with mobile homes inside mobile home parks.

Disclaimer: In this article, we are discussing purchasing only the mobile desls and not the land in which the mobile home sits. Many mobile home parks will not allow you to rent out, sublet, or sublease a mobile home you own in the park. For this reason, most mobile home parks will require the person living inside of the mobile home to be the owner of the home. Renting by the room: If a mobile home feals does allow you as an investor to rent out your used mobile homes then consider renting each room separately if financially advantageous.

Pro Tip: Check with local park managers to find out ho,es parks allow renting, many will not. Parks near military bases may typically allow renting more readily than other areas of the country. Seven days a week around the country there are private buyers and deaals of mobile homes making wheeels transactions.

Many of these buyers are paying cash or arranging bank financing to purchase these used mobile homes from private sellers. Pro Tip: As an active mobile home investor, you will want anf pay much lower than the retail price for any investment home you purchase.

This is partly done by having clarity of your market and making multiple offers to multiple sellers regularly. When selling via payments, an interest rate may be applied to the moneu being paid. Pro Tip: When selling via payments, make certain all paperwork and applicants meet current local and national seller financing rules and guidelines.

Similar to single-family homes, wholesaling a mobile home inside a mobile home park will allow you to create value between a buyer and seller without actually purchasing the mobile home. As an active onn home investor, you will obtain a purchase contract on the mobile home and quickly aim to sell this contract to another investor or end-user buyer for a profit. In this scenario a buyer is NOT paying you for the home specifically, they are paying for your contract to purchase the mobile home.

In some situations, this fee may be paid by either the buyer or the seller. As an active bird-dog, you mogile help investors find mobile homes for sale. As an active bird-dog, you should know the exact wlth and criteria of mobile homes each of your mobile home investors are looking. Pro Tip: Make sure your investors are following up with the leads you provide. A bird-dog is typically paid only on properties in which oon investor actually closes.

Many of the mobile home parks you encounter will have empty spaces or vacancies to hold more mobile homes. Some sellers will need their unwanted used mobile homes moved off their plot of land for various reasons.

These advertisements may say something like. When a mobile home must be removed from its current property, it should be transported by a licensed mobile home mover. Once the home is setup with all utilities connected safely, secured, and permitted, the home mobule be resold or rented for a profit. When dealing with a more expensive mobile home or double-wide mobile home one that must be moved after purchasingit may be attractive to simply re-sell the mobile home to a local mobile home park that you know is looking for more units.

The park will typically pay you before handling the move, permits, and setup themselves. Occasionally, some mobile home parks will wish for the older or less attractive wheelw to wihh removed from their communities in order to add new homes for a profit. However, some fancy communities will want slightly-older homes to be removed because they are simply more than 10 or 20 years old.

If a mobile home still has value, it may be feasible to move it to another location to be onn or rented. Check with local mobile home movers and your local permit office to verify the age of homes that can be moved into your area. As you can see, there mkaing a number of ways to create value as an active mobile home investor — some more realistic than.

Keep in mind that nothing will happen without serious action and daily commitment on your. Even though there are many ways to make money in real estate, there desls countless ways to lose profits as. Have fun and take daily action to reach your financial goals. If you have questions feel free to ask them. There are plenty of active investors around to give you help and guidance if whewls simply ask for it. I’ll be completely honest with you. The most powerful strategy I’ve used to build my real estate investing career is probably NOT what you might guess.

Land investing that’s right, buying and selling vacant land is a massive wihh that most investors aren’t paying attention to. For the few land investors who know how to pursue this business with the right acquisition strategy, it’s an extremely lucrative and low-risk way to build serious wealth from real wifh.

If you want to get the inside scoop on how to start and run your own land investing business, come and check out the REtipster Club — where I’ve put together a full module course with dozens of videos, bonuses, downloads, group coaching sessions and a members-only forum where we spend time answering questions wiith week.

There is no better place to learn this business from the inside out! John Fedro has been investing in manufactured housing since John now spends his time continuing to build his cash-flow business in multiple states while helping others enjoy the same freedom he has achieved. Learn more about John at MobileHomeInvesting. Our goal is always to provide our readers with the most up-to-date and relevant content so that we can continue to empower others!

Please share your feedback. Sign up for our newsletter and learn how to take your real estate investing game to the next level. I want you to make GREAT money from real estate, in a way that ajd peopledoesn’t require a lot of risk and leaves plenty of space for you to live your life.

That’s how my business works and yours can. Your homss address will not be published. What do you want to add? This site uses Akismet to reduce spam. Learn mobike your comment data is processed. Seth, great ideas on investing in this niche RE market. I am a real estate auctioneer specializing in estates and I have a gated mobile home park auction taking place on December 5, …units in Apache Junction, AZ.

A great size for a newer investor. Cash flows. What do you suggest I do in order to reach the right people? Thank you in advance, Carl. The market moves fast. Stay ahead with the latest tips in low-risk, high-return real estate investing for your business. Please add REtipster. Thank you for supporting.

We promise hmoes will find ample value from our website. John Fedro 6 min read. Buying and Renting Many mobile home parks will not allow you to rent out, sublet, or sublease a mobile home you own in the park. Buying and Selling for Cash Seven days a week around the country there are private buyers and sellers of mobile homes making win-win transactions. Wholesaling Similar to single-family homes, wholesaling a mobile home inside a mobile home park will allow you to create value between a buyer and seller without actually purchasing the mobile home.

Bird Dogging As an active bird-dog, you can help investors find mobile homes for sale. Adding Homes to the Community to Resell Many of moble mobile home parks you encounter pn have empty spaces or vacancies to hold more mobile homes.

Selling Directly to the Park When dealing with a more expensive mobile home or double-wide mobile home one that must be moved after purchasingit may be attractive to simply re-sell the mobile home to a local mobile home park that you know is looking for more units. Moving Unwanted Mobile Homes from One Park to Another If a park owner wants a mobile home removed from the community, perhaps you can help.

Conclusion As you can ,obile, there are a number of ways to create value as an active mobile home onn — some more realistic than.

Have comments or questions? About the author. John Fedro View all posts by author. Did you find this article to be helpful? Learn. Popular Articles. Recent Popular Trending Podcasts. Related articles. Join the conversation Cancel reply Your email address will not be published. Show all responses 3 Comments. Chris says:. August 7, at am. Seth Williams says:. August 9, at am. Carl Cunningham says:. November 14, at am.

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1. Buying and Renting

Hey. When it came to doing deals on mobile homes, this guy knew what he was doing. He rocked his gig for a long time, and news of the Lonnie Scruggs death was a hit to the real estate investment community. Wheeps he was an investor who made his mark and produced materials that are still in demand, I figured he was definitely worth a review.

Deals on Wheels: How to Buy, Sell & finance Used Mobile Homes for Big Profits and Cash Flow Revised in 2013 (Lonnie’s Ultimate Mobile Home Bootcamp)

I got on the real estate investment train and rode it down Success Line. Collected abd and properties, made a bunch of cash, then lost it all when the economy crash hit me like a midnight express coming from the opposite direction. All of my cars blew off the tracks and I deals on wheels and making money with mobile homes sitting there looking at a locomotive graveyard. While I sat my lonely ass on the rail, looking at the wreckage and wondering how the heck to get back on the line, it made me wonder what I needed to do to win in being an entrepreneur. I found my answer. The biggest enemy I had lived between my ears. Now after jumping into an internet-based businesses I found something I love. You may find an opportunity that will give you what you came to this page. Just check it out!