Re: FREE 1993 Singlewide: San Antonio, TX - Posted by Chris Reuman (Maine)
Posted by Chris Reuman (Maine) on June 13, 2006 at 10:53:42:
If there are too many repos/newer singlewides that are free and need work, then go look at it, and make an offer. ie You want her to pay you to take it. Right now she is looking at paying a mover to dispose it, probably, $2,000 or more.
Quite frankly, I am shocked that with all these Lonnie Dealers, that someone is not making an offer. Even if the offer is wanting them to pay you to take it. You (all of us) can’t have a deal unless we make offers. The key is that the offers are on our terms and guarantee we will make money. The worse the person will do is say no. However, I have been amazed how subjective real estate and mobile home prices are to sellers. A side note, when I look at listed real estate, I always work with the listing agent. I am amazed how often a property will be priced at $100,000 and by the end of the meeting, the realtor will say something like, "I think they will take $80,0000. Our future financial success is getting our names and phone numbers in front of people, when they hit that motivated wall and want to unload. ie “The Motivated Seller status”. Poor Gina is motivated. Someone help her. She doesn’t want Lonnie’s book. She want someone to take her home for less than what it will cost her to dispose of it.
I remember a great article from Doc Craig Whisler, I think back in Dec. 2004. He said look at yourself in a mirror and practice offering yourself $18 for a $20 bill. When you get comfortable, then offer $15 for a $20 bill. Then $10, then $5. And then offer $0 for a $20 bill. In this case, we need to get comfortable offering the owner to give us $5 and the $20 bill.
I know someone is saying, that is crazy. Well look at it from Gina’s view. All she wants is to be rid of this home and move into an apt. She knows that if she disposes of the home it will cost her a couple thousand. As long as it costs less, it is a deal for her. Basically, what I am saying is “think outside the box”. They call it creative real estate online for a reason. We need to solve people’s problems in a way that solves their problems and makes us money. That is the essence of the Lonnie Deal. They can own their own mh and pay lot rent for less than they can rent. People that are successful always follow this principle. An example is Karl-OH, the modern day Godfather of Lonnie Deals. He has parks that pay to move homes into their parks and give him free lot rent when it is not sold to someone. I have heard many people post that the lot rent in the parks are $350 a month and they are afraid of the home being empty for 2-3 months. Go to the pm and make an offer that they need to wave the lot rent until they are sold. Two things will happen: the pm will say no and you won’t work in the park or the pm will realize that he currently is not receiving any lot rent on an empty lot, so what does he have to lose. So what is the key to getting the answer you want: “work with motivated people: pms, bankers, sellers, handymen, etc…” What does it take to find motivated people, talk to a lot of people. My rule is 10-1. Talk to 10 bankers, pms, etc… and you will come across one that is motivated to work with you.
OK I have rambled enough. Bill, as you can tell, the post is really for all of us.
Best investing, Chris