No Lonnie deals - Posted by Bryan

import · March 16, 1999, 6:54am

Posted by DougO(NM) on March 16, 1999 at 08:06:30:

I’ve always heard 2 hours is a number many investors are comfortable with. If you have no choice and need to get some Lonnie deals under your belt, do it. As long as you buy cheap enough and get a decent down payment from decent people, there should’nt be much in the way of management. Good Luck Doug

import · March 16, 1999, 6:54am

Posted by Bryan on March 16, 1999 at 07:54:39:

I have checked out all the local mobile home parks and their are no Lonnie deals to be found. However I have found a few about 60 to 80 miles from my area; what is a good rule of thumb in how far away to do these deals? Would it be worth all the running?

Thanks
Bryan

import · March 16, 1999, 3:43pm

Re: No Lonnie deals - Posted by mike

Posted by mike on March 16, 1999 at 16:43:00:

why dont you build your own park? find a need and fill it

import · March 16, 1999, 7:23am

Re: No Lonnie deals - Posted by Laure

Posted by Laure on March 16, 1999 at 08:23:08:

I have driven 60 miles to manage my apartment building. Given the deal the purchase was, I would do it again…however, WHAT A PAIN !!! In the end, after 5 years of running, I got tired and sold it for a tidy profit

I wouldn’t drive more than an hour though, that’s just me.

Laure