Posted by Karl (Oh) on April 02, 2002 at 11:52:43:
I?ve never bought a doublewide, only because a good opportunity hasn?t ever presented itself. There?s always doublewides for sale, but it seems there?s always better deals to be had on singlewides. The vast majority of the homes in the parks I work are singles. But if the deal was right on a double, I?d do it.
One advantage of the singlewide is that they?re easy and cheap to move, compared to a double. The first deal I did I got kicked out of the park, and had to move my home. Another investor in my area was working in one park and wasn?t getting along with the PM. He had four singlewides in a row. One day his mover showed up, and they pulled all four homes to another park. That solved his problem with the PM.
Search the archives on how to approach a PM. We?ve had a lot of discussion on that topic, with a lot of differing opinions. I would doubt that the average PM would know what a Lonnie Deal was by that name. None of the PM?s in my area did. And don?t assume that someone is already doing deals in the parks you go to. This concept is not that well known out there. If you conduct your business with honesty and integrity, and develop a reputation as being trustworthy, you?ll have an advantage over most of the other players in the used mobile home business. That will help bring in referrals.
Finish the book and then apply it.