Posted by Karl (OH) on October 30, 2000 at 12:58:49:
I agree with Dirk completely. Moving homes is costly, time consuming, horribly aggravating, and it significantly increases your risk. It’s entirely unnecessary. There’s plenty of deals to be made with homes that can stay put. I wouldn’t encourage anyone to tackle a move, especially if they’re just starting out.
I’ve moved a bunch of trailers this year, and I’m going to move a handful more in the next six months. I’m doing this ONLY because I have an arrangement with my PM to help him fill empty lots in a couple parks. In exchange I get free lot rent on all my homes, all the referrals I can handle, got a few free homes, etc., in general I’m getting his complete cooperation and assistance in helping me build my business. But the actual yields on the homes I’ve moved aren’t any better than the ones I bought in place, and they took a lot more time and energy. None of them stand up to a traditional Lonnie Deal (buy 'em in place cheap, double the price, sell on a note). In fact, the more inventive I try to get with my deals, the more I realize the regular old Lonnie Deal is the best thing going. If I weren’t getting these perks from the park manager, I’d never move another home again.
Like Dirk said, Lonnie Deals are short, simple, and easy. It’s easy to make these deals harder than they have to be, I do it all the time. But if you want to get started quick and get some volume going, don’t waste time moving homes.