They both sound like bad deals to me. Way too much money- remember you’re buying wholesale not retail.
With respect to the market- is there a glut of housing or are students desperate for housing? I have MHs in both types of college markets. In one they sell pretty fast, in the other I’m having trouble giving it away.
I have two trailors that I was looking at for a first deal. One is a '68 12x65. Its old, but seems to be in good shape except for the siding. He only wants $2,500 for it. Is it too old to be a good deal
The second is a 70’s model. just got new carpet and some remodeling. has no trim, but seems to be in good shape. He is looking for $6,900 but seems rather flexible, and just wants out. Is $6,900 too much for it to be profitable.
Both of these are about 5 miles from a 20k college campus.
Does either one sound like a good deal? I appreciate any responses.