Hi, I bought it with a visa card cheque. I just paid off the loan yesterday with the 1000 I got for the down payment and some other money I just earned doing some renovation work last weekend. I did put probably 15 hrs into it. When I bought it the guy had the power and gas shut off, so after I warmed it up I re-sodered (sp?) one leak. The toilet did not crack. I also put a new heat tape on the main water, painted the kitchen cupboard doors and the wallpapered walls. O’yah, I also installed a new front door that I bought used for 30 (a nice white metal panel door). So with pad rent and fixing up I probably spent around 600.00. I actually had about 4 people who wanted to buy it. 1 backed out because the bank wouldn’t loan him the money - he wanted to buy it and move it to his own land. I told him he would have to pay cash if he was going to move it. The 2nd person was having eye sergery and said she could’t deal with it right now, the third I did some background checks and found out he was a bad renter in another park, that he had a grow operation in the movibe. The fourth I sold to. We will see how it goes. All this took 5 and a half weeks from the time I bought it. O’ya, I I did this in Canada. So those Canadians out there that think it’s way different than the states -YOU’RE WRONG - I think this can be done just about anywhere.
Bye for now!!!
Well I sold my first mobile yesterday. I have other rentals but never done a MH. I bought it for 2300 on Jan 1 and sold it yesterday for 7500!. 1000 down and 6500 for 36 months. I used everything in Lonnies books. Thanks Lonnie. I think this could be fun (and profitable).
Hi, I bought it with a visa card cheque. I just paid off the loan yesterday with the 1000 I got for the down payment and some other money I just earned doing some renovation work last weekend. I did put probably 15 hrs into it. When I bought it the guy had the power and gas shut off, so after I warmed it up I re-sodered (sp?) one leak. The toilet did not crack. I also put a new heat tape on the main water, painted the kitchen cupboard doors and the wallpapered walls with some paint I had leftover from another job. O’yah, I also installed a new front door that I bought used for 30.00 (a nice white metal panel door). So with pad rent and fixing up I probably spent around 450.00. I actually had about 4 people who wanted to buy it. 1 backed out because the bank wouldn’t loan him the money - he wanted to buy it and move it to his own land. I told him he would have to pay cash if he was going to move it. The 2nd person was having eye sergery and said she could’t deal with it right now, the third I did some background checks and found out he was a bad renter in another park, that he had a grow operation in the movibe. The fourth I sold to. We will see how it goes. All this took 5 and a half weeks from the time I bought it. O’ya, I I did this in Canada. So those Canadians out there that think it’s way different than the states -YOU’RE WRONG - I think this can be done just about anywhere.
Bye for now!!!