I should leave town more often! - Posted by Karl (Oh)
Posted by Karl (Oh) on May 22, 2000 at 22:20:03:
I left Cincinnati Thursday to go to my brother’s wedding for the weekend, and decided to take my first weekend off since the convention in Atlanta and not answer my cell phone while I was gone. When I got home today I had several interesting messages.
One was from a guy who moved a trailer for me a couple weeks ago, he wanted to know if I wanted a repo he just bought in my favorite park. He would sell it to me for just what he paid, if I hired him to move it. (He knows the park needs it moved to a different lot). I had already looked at that home, and was interested in buying it. I don’t know why he doesn’t want to make a profit on it, but I’m not going to ask. I also don’t know what he paid for it, but I know the bank was starting at $3000, so I hope he didn’t pay more than half of that.
Another message was from the park manager in that same park, he had just shown that very same trailer to a guy with $4000 cash who wants to buy it bad, and the park manager told him that I owned it. By the way, the park manager was hot for me to buy that trailer, and offered to pay to have it moved to another lot if I would buy it and do my thing. He’s anxious to put a new double wide there, but didn’t want to lose that trailer from the park, so he’s helping me put it on another lot.
Is this business great or what? Its great having other people doing all the work and letting me make all the money. I should leave town more often!
So I guess I need to make a couple phone calls, do a little paperwork, and collect a couple grand. I’ll probably try to get $6K or $7k for the trailer (it need some work), and carry a note for the difference. After all, I went to the trouble of buying Notesmith, and I’ve only had a chance to create two notes. These all cash deals are breaking my heart!
I hope everyone is also having good luck with the mobile homes. Its funny, a couple weeks ago I was getting a little down because it seemed like none of my deals were coming to fruit, now its starting to break loose. My broker left me a message today that 2 of my buyers got approved for their loans, and I’m closing this week on a 10% commission deal on a $33k doublewide repo I’m helping a bank sell. All I had to do was put an ad in the paper, show the home half a dozen times, and send the best potential buyers to the bank until one of them was approved. A few signatures later this week, and its payday.
Here’s the big question. Why am I getting up tomorrow and going to work? Oh well, not for long.
By the way, I still haven’t sold the very first trailer I bought. I’ve been sitting on it for 3 months, but just haven’t had time to do anything with it. But the park isn’t charging me rent, and they’re mowing my grass for me, so no hurry I guess.