Posted by Dr. Craig Whisler CA NV on September 02, 2003 at 15:19:20:
Matt, most people follow the Lonnie m.o. and buy a mobile for 3k-4k cash then resell it for twice or more that amount by financing it themselves with a downpayment of about $500 or so, and monthly payments for the balance, over 2-3 years. On such deals you should be able to make 100%-200% per year on your invested capital.
Most folks get lucky from time to time and manage to sell one for all cash. I think this is more common when you are dealing in senior only parks. Always take the all cash deals even if you have to lower your price a little to get them. Quick flips are nearly always the best choice. With these, the rate of return on your money should be in the thousands of percent, when figured on an annulalized basis.