Sorry Chris - Posted by Dirk Roach
Posted by Dirk Roach on June 19, 1999 at 09:32:38:
Hi guys, you know after reading David A and Freddy’s posts, I realized that this is a trap in thinking which comes up a lot.
When people are reading all these posts and listening to folks at conventions, seminars, investor meetings etc. They see and hear some pretty big numbers.
Yes I realize that 19k isn’t the end all, be all ,of the world, but hey if I found it in a bag on the street I would pick it up.
Okay the thing about these upside down mobile homes are that new folk’s ears perk up, when they hear some big numbers. Unfortunately this is not what MH Investing AKA “Lonnie Deals” are about.
What they are about is ROI (return on investment), yield, monthly cashflow, turning small investments into larger investments, quickly and without of headaches.
I think that a lot of new folks don’t understand this. And I myself am guilty of applying my experience level to everyone else.
Chris I apologize for that. Guess I have sort of turned into that annoying calc teacher I had in High school who just assumed everyone knew what he was talking about.
For a first deal, pass on this one. There are many more, better, less aggravating deals out there.
And hey, pick up and read Lonnie Scruggs books, or Earnst Tew’s material before trying to do any of these deals.
P.S. Thanks David and Freddy for waking me up a little with your posts.