Deals On Wheels. By: Lonnie Scruggs. How To Buy, Sell & Finance. Used Mobile Homes For. Big Profit$ And. Ca$h Flow. Learn How To Put Your Money To. Deals on Wheels has 15 ratings and 2 reviews. Joey said: I Deals on Wheels: How To Buy Sell, and Finance Used Mobile Homes for Big Lonnie Scruggs. Deals on Wheels has 20 ratings and 0 reviews. If you’re tired of Deals on Wheels: How to Buy, Sell & Finance Used Mobile Homes for Big Lonnie Scruggs.
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As a lender, I prefer multi section homes because my repossession rate will be lower; As a lenderI want no part of land-home, or real estate deals. I would also be dealing with a larger purchase price and a larger amount to finance for the customer which, without owning the land lease community creates too great a risk in my opinion. For others who are well capitalized and highly experienced in states where land keeps inflating like California there well may be a real opportunity as it would allow one to spread risk over more properties for the same amount of available capital than they could with site built housing.
Log In Sign up. Inspired to get started! Some of those client alerts run 20 pages long by the time we have explained what needs to change and how to make those changes. No trivia or quizzes yet. Investors doing deals need to go much further than ensuring their buyer can fog a mirror. Lonnie writes a lot about networking with people involved in any way with the mobile home industry. If you have figured out what hundreds of highly paid attorneys don’t believe possible, and that I don’t believe possible, I believe I can help you with the money issue.
Oh, and if you skipped over the video at the beginning of this article, do yourself a favor and go back to it. As one holding the paper you could also end up being the one holding the bag should the buyer just simply decide that they didn’t want to make anymore payments to you. This book is referred to as the “Bible for the Mobile Home Business.
This book is no literary genius. Just a moment while we sign you in to your Goodreads account. Top Reviews Most recent Top Reviews. Ted Jackson marked it as to-read Feb 09, Susan is currently reading it Jun 04, It includes eight audio CDs with seven hours of material, a manual, figures, case histories, and a forms CD. The idea is that as buyers default on their loans, the seller can keep re-selling the mobile home, over and over.
Collected houses and properties, made a bunch of cash, eeals lost it all when the economy crash hit me like a midnight express coming from the opposite direction.
This book is not yet featured on Listopia. And, with seller in don’t forget you’re lending equity based on a sale price, not cash, it’s an installment deal even with a note and deed of trust. Goodreads helps you keep track of books you want to read.
The materials were updated in How is your crystal ball? As to RMLOs, those who believe they can do a seller financed deal probably can’t, they are misinformed. So, is seller financing really dead? Try that in Peoria, Illinois and watch the community fail.
There are many Lonnie Dealers now doing deals legally through a modified process. I will read whee,s again.
Not Enabled Word Wise: Originally posted by Gustavo Ouvina: Books are not the sceuggs any more than Google is. On your profile page you state you are looking for money to do deals with.
Many investors have found success by implementing the Lonnie Deal. Lonnie Scruggs’ Deals on Wheels will teach you how you can replace the income from your job and create true financial independence with your own mobile home investing business.
I’ve been working a bit on the old contract for deed, it was the very popular in the Midwest but now has so many flaws from financing, foreclosure and title matters that even if they are allowed, it’s not worth the effort, cost or profit wise. No trivia or quizzes yet.
Lonnie Scruggs – Deals on Wheels
Great information – BUT – much of wcruggs no longer applies. Good to see you in the forums Ken! I do not believe Lonnie Dealers should venture outside of land lease communities to do business. A lot of great information provided. Books just will not cut it for detailed specific information, and, to even try would be expensive.
George Goddard is currently reading it Sep 22, Refresh and try again. I would never buy a community that I could not put at least 16 wide single sections in, and that would only be in smaller parks I wanted to rehab and fill for resale.
Lonnie Scruggs – Deals on Wheels
Personally after 3 decades in this biz doing just about everything there is to do in it I see very little value spending any money on old beaters.
Bob Smith is currently reading it Oct 13, There are a couple of videos on YouTube of Lonnie Scruggs. There are more singlewides to be found and can get them for a lower initial price point, but doublewides on their own land are considered very desirable.
Get fast, free shipping with Amazon Prime. ComiXology Thousands of Digital Comics. I would start with a singlewide in good condition year or newer just to get comfortable with the process.