Older double-wide - Posted by Ted
Posted by Ted on January 29, 2002 at 12:53:29:
I own a park in North Dakota which I am working to fill-up. I spoke to several MH Dealers in the area and let them know I am looking for older homes that I can buy right. I was contacted by a dealer yesterday about a 1973 Bonnavilla 28x56 with newer steel siding and a new 4-12 pitch shingled roof. From the pictures it looks to be in good shape. Most likely upgrade the carpets but otherwise no major problems. One owner: older single man in his 70’s. I think I can get it for about $3000 and it will cost me about $6000 to move and set-up again. The lot rents in this area are about $145 per month plus I could sell it on contract or rent it out. A present I have just single wide homes in the park but I would like to get some doubles.
Question: Is my time better spent looking somewhere else or should I drive 60 miles to look at this one? I also rehab houses for extra income.