In 1986, I started buying used mobile homes for $2,000-$3,000, and selling them for $5,000-$6,000 with payments of $200-$300 per month. Some 19 years later, I’m still buying and selling mobile homes at the same prices, same payments. Yet, I keep hearing people say there is no way they can buy mobile homes for $2,000-$3,000 in today’s market. Horse feathers! You’re either not trying very hard, not looking in the right places, or you’re talking to the wrong people.
My local paper has a number of used mobile homes priced from $8,000 to over $50,000. Every park I ride through has sale signs posted. Every park manager I talk to knows of a home for sale. Every dealer has used homes for sale. Mobile home lenders have numerous repos for sale. There is no shortage of used mobile homes. But guess what? You will see very few, if any, priced for $2,000-$3,000. Guess that means there are no more “Lonnie Deals”, huh? Stop kidding yourself, there are plenty of deals to be had. But it’s up to you to talk with the seller and negotiate the deal. Good deals are negotiated, not found.
Deals are generated with people, not from ads and signs. I’ve taken a number of park managers to lunch, but I’ve never had lunch with an ad or a sign. You negotiate with people. Ads and signs only provide a way to contact people who you can communicate with, negotiate with, and generate a deal with.
Last month, I bought a mobile home for 2 months lot rent from someone who was evicted from the park. Another seller in the same park wants $1,500 for his home. Last week, I bought back a home I sold 13 years ago, for $500 (that’s five hundred). I have it priced at $4,900 and expect it to be sold shortly. My daughter just sold a home for $7,000, which she paid $3,000 for. So have things really changed in this niche market? No, not really.
In 1986 I was buying mobile homes for $2,000-$3,000 and selling for $5,000-$6,000. Today I’m still buying homes for $2,000-$3,000 and selling for $5,000-$6,000. In 1986, it was, “How Much Down & How Much a Month?” Today it’s still “How Much down & How Much a Month?”
There have been enormous changes in almost everything over the past 19 years. Prices, wages, lot rents, etc have increased considerably. But one thing will never change…the need for affordable housing by financially irresponsible people who can only buy things by making monthly payments. This niche market offers the same tremendous money making opportunities today, as it did 19 years ago. And I’m willing to bet it will be the same 19 years in the future. Some things change, but people don’t.
Regardless rather you’re selling a mobile home, car, boat, refrigerator, carpet, or simply making somebody a loan; your goal should be to create a note that obligates somebody to send you a check each month. Used mobile homes have been, and still are, an excellent vehicle to create notes and cash flow. But it’s only one vehicle. The same concept applies for anything you’re willing to lend money on, and accept as collateral. The name of the game is FINANCING! That’s where the money is!
I’d like to take this opportunity to extend a personal invitation to each of you to join the rest of us in the UBA Club (Unemployed Bubba’s/Bubberette’s of America). Make plans to join us soon. You’ll be glad you did.
To your success,
Lonnie Scruggs
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Do Things Really Change?
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How To Buy, Sell & Finance
Used
Manufactured Homes
For BIG Profits &Cash
Flow
|
Eight
hours of tapes and a workbook !
By:
Lonnie Scruggs,
Author of the best selling
books:
Deals On Wheels , Making Money With Mobile Homes
&
Taking
The Mystery Out Of Money
| |
Have you been looking for that ray of light in the
current economic climate ?
This is a complete and comprehensive course with everything you will
need to start making 50% to 70% to 100% and more in one of the best
money-making businesses anywhere! You will get facts, figures, case
histories and copies of all forms: Purchase Agreements, Sales Agreements,
Promissory Notes, Credit Applications and more.
 This is the CASH COW you've been looking for. You get
absolutely everything you need to get started making awesome returns and a
constant cash flow, including:
- How to quit that job and become financially secure with notes.
- Why manufactured homes can be the best money makers.
- How to negotiate the purchase price and sales price.
- How to structure the note for the highest yields.
- The two most important words you can use in negotiations.
- How to start in your spare time with little or no money.
- How to do a little work one time and get a check for years.
- How to eliminate tenants, management, maintenance and still
get a check.
- How to recover ALL your money in 12 to 15 months.
- How to do just one deal a month and make more than your
full-time job pays.
- How to buy manufactured home notes for spectacular yields.
|
You Get 8 CDs (7 Hours Of Audio By Lonnie) And The Print
Manual
Plus A CD With All Of Lonnie's Forms & Contracts
Plus A Bonus Audio CD Of One Of Lonnie's Mobile Home Workshops
Who is
Lonnie Scruggs?
 Lonnie Scruggs was born and raised in Virginia. For 35 years
he owned, rented, managed and maintained his own rental properties. When
he became a burned out landlord he started selling off his properties and
buying discounted notes. When it became difficult to find good notes to
buy, Lonnie found a way to "make" h is own with mobile homes.
Here are just a few of the many written letters and
testimonials Lonnie has received from folks around the country:
I've been in the business for three months now and in that
time I've done seven mobile home deals, most of which are yielding in
excess of 100% returns.
 ---T.B., Beloit, WI
I purchased your book about a year ago and since then I've
done 32 mobile home deals in the Houston area.
---G.M., Houston, TX
Enclosed is my check for Making Money With Mobile
Homes. Also, thank you for the $5,000 I made last month from your
first book.
---T.P., Corning, NY
On March 20th we purchased your book and on April 28th
purchased our first mobile home. We sold it 17 days later at a profit of
$5,030. As of today, we have bought 14 mobile homes and sold 12 and made
money on all of them.
---M.K., Scottsdale, AZ
I've been doing "Lonnie" deals locally and they are working
out pretty good. The deal I closed yesterday was a 10 x 50, 2/1 in an
old park near where we live. We bought it for $3,000 and in two days
sold it for $6,500 with $2,000 down. We took back a note for $4,500,
12.75% interest, 36 payments of $151.06. My yield = GOOD ENOUGH, as you
say.
---R.M., Glendeden Beach, OR
Lonnie, I got your second book today and got so excited
(again) that I just had to share this with you. We just bought a mobile
home here in our park for $3,000 and sold it in a couple of days for
$8,500. Got $3,000 down and have a note for $5,500 payable $230 / month
for 30 months. Thanks again....
---D.O., Santa Fe, NM  If you are looking for a way to make some serious money, with
manufactured housing, you can't be without this course. Dont let the
current economic slump effect your earning power. Learn Lonnie's
techniques and strategies and join in on the smartest money-making
opportunity available in todays markets!
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Other Items from Lonnie Scruggs
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Do Things Really Change? by Lonnie Scruggs - Manufactured Housing News
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