Three Mobile Home Deals in Three Months

by Jason

I am a 25-year-old school teacher in the sunny state of Florida. I always have my hands in something that generates profits on the side. I play a lot of tennis and, thank God, because one night I was in the club house chatting with someone who really knew how to make a living in this creative real estate stuff.

To make a long story short, I was hooked and studied my eyeballs out learning. It didn't take long before I stumbled across CRE Online. An awesome site, thanks a million.

I have been investing in mobile homes and making money. I started with buying my own house with the techniques from some of the pros', I then moved on and wholesaled a house which paid for my initial education (about $3000 worth) and I'm still learning.

Presently I am working the mobile home market in the area and doing well. I have bought and sold three mobiles in three months. Of course, I did Lonnie Scruggs's way. [See Deals On Wheels, Making Money On Mobile Homes, Deals On Wheels Home Study Course.]

The first deal I bought for $2300. 12 by 60, $3000 repairs (a little much), sold on a note for $9000, $1000 down, 0% interest at $200/month for 40 months.

Second deal bought for $3000, no repairs, sold for $8500, $1000 down, 10.25% interest for $160.28/month.

Third deal, bought for $3000, no repairs, sold on a note for $8500 at 9% interest, $1000 down, for 4 years, $186.64/month. The second two where also 12 by 60 units.

Who said that money couldn't be made in Florida? It is hard to find well paying jobs down here though.