There is, however… - Posted by Dirk Roach
Posted by Dirk Roach on January 14, 2000 at 24:59:01:
Jacob is correct there is a “blue-book” for mobile homes. Personally I feel though that using it for the traditional Lonnie Method of buying and selling mobiles (owner financed) can give a someone new to that particular game, a skewed perception of market value.
One of the biggest obstacles in the classic Lonnie deal is insecurities. It can be hard to get “out in the trenches” so to speak. I guess it is because folks are intimidated by what they don’t know, or really they don’t want to “taint” a particular park by going in and asking a lot of questions.
Being that as it may, in my experience it is paramount for optimum success in Lonnie Deals that you do just that. Get out into the parks IN PERSON. Talk to the folks. People in the park and the Park Manager. Ask what homes are selling for. Ask about the park, the management etc.
Everything you absorb will be important keys in helping you determine what you can sell these homes for.
Values unfortunately are not consistent, and will vary from deal to deal and scenario to scenario.
Also if you are planning to reap the rewards that Lonnie Deals and Mobile Home investing have to offer I would suggest picking up his (Lonnie Scruggs’s Materials) as they easily explain the in’s and out’s of this business.
Good Luck and I hope that this helps.