Posted by Jerry Freeman on January 29, 2002 at 06:53:30:
It was my first deal. I found it the first day I talked to a park manager. Told her what I was doing, right out of the book. She offered me a free trailer they had. I looked at it, and it was so bad, I said, “I might be interested in the spring, but it would be too hard to rehab in the winter.” (That was my diplomatic way of telling her I wasn’t interested.) Then I asked if she knew about any trailers in the park that might be for sale. She told me about two – a 12-wide that had been abandoned (not interested) and a 14 X 70 3BR that was vacant but the owner was still paying lot rent. She told me the only way to find the owner would be to send her a letter to the address of the trailer and it would be forwarded, since she didn’t know how to get ahold of the owner. I went home and used the US Search website, with no success. Then I called the US Search customer assistance number, and they came up with the correct spelling of the owner’s name and a phone number. I called the phone number, and it was out of service. Then I called 411 and guess what? They had the current phone number. I called the owner and told her I was interested in buying her trailer. She said, “I’ll GIVE it to you.” She didn’t explain, but I figured out eventually that her 19 year-old son had been hanging out and doing drugs there. She had a good job, didn’t need the money, and there were a lot of water with the trailer that she had never been able to fix, so she didn’t realize that the trailer was worth something.