Posted by Ernest Tew on May 20, 2000 at 07:43:16:
Buying older “junkers,” renovating them, and then selling on terms is a good way to make a quick profit.
However, you might want to consider what it is doing to the value of your park. If the homes you move in now are old, what will then be like in the future should you decide to sell?
You might think about paying a little more and buy a few late-model homes from lenders that have repossessed the homes. That way, you may be able to upgrade your park and make a profit on the homes.