Posted by Tim (Atlanta) on March 09, 2000 at 11:40:32:
If you want to do something here, you could get an option on the home. This would tie it up at a price, then go out and market the home. You would need to get a substantial discount in order to make this happen. As far as the value of the home, you need to know what comparable homes in the area sold for.
You certainly could not do a Lonnie type deal here, the numbers are simply too large. I would NOT recommend purchasing this property, unless you got it very cheap. You understand, mobile homes depreciate rapidly, and you don’t want to be the one holding the bag.