Posted by Dirk Roach on December 28, 2000 at 18:10:02:
I was just wandering why he needs the 5K?
Once I was buying a mobile home and (incidentally I always try to find out why the seller needs x, because you never know, right?)
and I asked this guy why he needed the 4k he was asking for.
He informed me that he needed it to buy this used mobile home to move onto his parents property. It was a double wide and he thought it was a pretty good deal at 4k. His parents were footing the bill for the move and set up. But he had to get the mobile home.
I said wow, I have a couple of pull out double wides (I really didn’t, but I had a pretty good idea where to find some) and if he would take a look at them, maybe we could just work out a trade or something.
He said, sure why not.
The mobile that he was looking at was for sale by one of the local dealers in town. Whom I had done business with before, he was okay, but by no means as creative as some of the other dealers that I have dealt with.
So I call up one of these joy boys, and guess what they currently have THREE pull outs (double wides), two of them are 3 bedroom.
The one that the seller was interested in was only a 2 bedroom.
So I tell the guys, that I’ll take one of them off their hands, for 5 hundred bucks. They tell me they need to clear off the spaces for the new homes to go on, and if I take all three I can have each one for a hundred bucks… net 30! (which means I pay for them thirty days later!)
Okay no problem, I go pick up the title, and sign the paper work, get keys etc.
Later that night I take my seller (who is now a buyer) to all three, he falls in love with one, we trade his home, for it.
So Cool, I got his mobile home for like 100 bucks! But I still have the other two albatrosses around my neck, so what do I do? I thought about donating them, their is a couple of missions that are always looking for donations to Mexico (I live in San Diego), and they give you blue book credit for you taxes etc. Which is fine, but I would really rather have cash, you know. It’s just more fun that way.
Heck even if someone gave me two hundred bucks, that’s doubling my money.
So I ran an ad on the internet and sold one, to a guy up in Desert Hot Springs, for a grand! $900.00 bucks in my pocket! and the other one to another guy off the internet for $1200.00 bucks for a bunk house on his horse ranch. So another 1100bucks.
Cool they move them etc. Oh and write me checks.
I go by the dealer give him the three hundred bucks, plus another 100 bucks for his trouble.
So at this point I have like $1900 bucks in my pocket from the deal.
Then a week later I sold the $100 dollar mobile (the original one for $10000.00
$1000 down, carrying the remaining $9000 at 10% interest for 43 months at $250.00 a month.
I tried to figure out the yield but my calculator just wouldn’t handle the numbers.
Anyhow A couple of months later I sold that note for .50 cents on the dollar. and put anther $4500.00 bucks in my pocket.
And everyone lived happily ever after…all because I asked a simple question…
“Gee Mr. Jones, 4 thousand dollars is a lot of money, what are you going to do with it?”