Fired-Up Newbie Needs Advice on First Deal - Posted by John in VA
Posted by John in VA on July 13, 2002 at 17:11:55:
I found this board about 2 weeks ago, sent off for Lonnie’s books and received them last Thursday. I read DOW twice, and listened to the tape about 10 times in the car, and now I’m ready to deal! Here’s my dilemma: There is a small MHP about 5 blocks from my house that has a couple of old trailers (pre 70’s) for sale. They are both 2 bedroom, 1 bath and need work. The appliances are in working order, but I would have to replace the carpet and do some painting. The asking price is $500.00 ea. I know Lonnie recommends selling as is, however these have been for sale at $500.00 with no takers so far. My question is, if nobody has grabbed them at $500.00, do I have any hope of cleaning them up and reselling them $500.00 down and $100.00/mo.? Should I concentrate on decent MH’s in the 2-3,000 range and forget about these cheapos?