Posted by ScottS(NC) on April 05, 2002 at 07:52:33:
Mobile homes get upside down(owe more than there worth) so quick that most the time instead of assuming there equity you are assuming there bad debt.
Now if you find one that is close to being paid off (only a few thousand owed that might be a diffrent story. These are rare, most owners after a couple of years of paying realize they have the equvilent of a depreciating new car and want out fast.
As far as L/O check out Ernest Tew’s course get rich helping others. Worth the money and goes into far more detail than I could in 100 posts. Take Care ScottS(NC)