From the category archives:

Mobile Homes

Mobile Home Update

March 7, 2010

We’ve had a bunch of stuff going on with our mobile home investments over the past two months, but I haven’t had much time to write about our progress, issues, and current status…so here goes:
Mobile Home #1
Our very first mobile home purchase took a turn for the worse last month when our buyer (who we [...]

7 comments Read the full article →

MH #5: Bought & Sold

February 22, 2010

I’m a couple weeks behind on posting the details of some Mobile Home transactions, but wanted to get this one in here…
We purchased our fifth mobile home about 2 weeks ago. It was a private sale from a woman who was moving out, and she was only asking $500. We paid her full [...]

0 comments Read the full article →

Update for 1/29/2010

January 29, 2010

Very quick update on all the houses and other stuff going on…
House #1: The Corn House
According to the credit repair company we have them set up with, the lease-purchase tenants may be close to qualifying for an FHA loan. I don’t know if that’s actually the case, but we plan to have them [...]

3 comments Read the full article →

MH #4: Sold

January 5, 2010

I mentioned a week or two ago that we purchased Mobile Home #4…and as of today, it’s sold…
Basically, all we did in terms of rehab was to clean out all the trash, remove the disgusting refrigerator, and bring in someone to scrub the place down. In total, we spent $130.
One of my partners put [...]

8 comments Read the full article →

Update for 12/21/2009

December 21, 2009

I haven’t had a chance to post in a couple days because I’ve been out of town, so I thought I’d give a quick update on everything we have going on these days…
House #1: The Corn House
Nothing much new with The Corn House. The lease-purchase tenants are consistently paying their rent, and their [...]

4 comments Read the full article →

MH #3: Sold

December 15, 2009

We sold mobile home #3 today…
The home was in pretty good shape, so we choose not to do any work to it before trying to find a buyer. We put up a sign on the home and another in a central part of the park, and received about a half dozen calls in just [...]

10 comments Read the full article →

MH #4: Purchased

December 10, 2009

My partners and I just purchased our fourth mobile home in the past two months…
This one is a 3 bedroom, 2 bath double-wide in the same park as our first mobile home. It’s about 10 years old and in very good condition. It needs some patching on a small part of the roof, [...]

2 comments Read the full article →

MH #3: Under Contract

November 30, 2009

We put our third mobile home under contract today…
I have two partners that I’m working with on the mobile homes, and luckily one of them is putting in a good bit of time to find both sellers and buyers. He actually found five mobile home REOs this past week (all with the same bank), [...]

4 comments Read the full article →

MH #2: Sold

October 12, 2009

It looks like we’re about to sell our second mobile home. If you recall, we purchased this one last week from a desperate seller for about $1600, and will be putting in about $80 to fix a railing on the back deck (the park is requiring this fix).
We will be selling this [...]

5 comments Read the full article →

MH #2: Negotiating Fun

October 1, 2009

I have now officially set up a business with two partners to buy and sell mobile homes (MH); our goal is to continue to do deals similar to the one we did a couple weeks ago…hopefully we can do at least a few per month…
Along those lines, one of my partners came across a potential [...]

10 comments Read the full article →

← Previous Entries