Posted by Ernest Tew on June 13, 2000 at 07:29:45:
If you have a local “Shopper” magazine, you might try advertising in it. Use a large heading, such as “Rent-To-Own,” “Seller Financing,” “Handyman Special,” or “Looking For A Bargain?” In the ad, refer to “low down payment” and mention the low monthly payments.
You will probably need to accept a low down payment and low monthly payments to sell it. However, that’s not all bad because it will result in an income for a long time.
More importantly, view your purchase as a good seminar and learn from your mistakes. It was probably a mistake to invest in a bad park with a bad reputation. You can change and improve the home but you can’t change the park without buying it. Unless you know there is a market for small (14 x 60 foot) mobile homes, especially one that is thirty years old, avoid getting involved.