Continued from Case Study: Branch Ave Bought Mobile Home: Purchase Price: $4,000 Purchase Terms: $3,000 day of title transfer and 4 future payments of $250 per month starting in 3 months. As-Is with no warrantee. Needed to sell: Febreeze, Sweep, clean all flat surfaces, countertops and windows w
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08/05/2010
Afternoon all, I just got back from a great “surprise” meeting with the seller of a 1984 single-wide; 2 bedroom 2 bathroom mobile home in a family mobile home park. The mobile home has been owned by the same owner for the last 20 of the homes 26 years in existence. She is asking $9,500 but sh
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07/21/2010
About 10% of the mobile homes and manufactured homes I purchase I resell for little to NO money down. Remember, we usually sell investment mobile homes via a non-refundable down payment and monthly payments for the balance owed. So why on Earth would anyone want to purposefully sell an investme
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07/21/2010
This post is addressed to anyone starting in the real estate field with little to no money in the bank and for anyone who just wants to keep more of their hard earned money in the bank where it belongs. Personally, like many of you know and as described in a previous article, I had no money or c
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06/22/2010
Personal Property Trusts We could spend a week talking about trusts. I urge you to learn more about them, anything by Mark Warda is excellent. Definition: A trust is a legal arrangement in which the Grantor (the owner selling the property) sells something (land, car, house, mobile home) to an
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06/14/2010
Well everyone this is it! The New Year is already five days old. Sometimes it can get pretty overwhelming all that goes into real estate investing. It’s Not! This post is the start of a “Multipart Series” finding, buying, filling and holding a mobile home in a park. As most of you know I jus
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06/04/2010
I know I get on my high horse a lot, but I think all of us in the mobile home biz community need to take more pride and make some more noise about what we choose to invest in. The more people I talk to the more negative, incorrect stereotypes about factory built homes. Spread the word and dea
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06/04/2010
Hola my fellow inveSTARS, This post will dive into the numbers and details of the 2 mobile homes I purchased last month here in sunny/snowy Texas. As you probably know I just moved to Texas for a change of scenery and being that MHs are crazy easy to manage I am able to move about fairly easily
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06/04/2010
Hi all, Real estate investing is a business. A MONEY MAKING business. Our money making businesses! Most of us do not have formal training or extended social skills to properly run our real estate investing business day one. As we progress in our real estate career, if we stay in business, we le
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06/03/2010
