Archive
Should It Stay or Should It Go? Last time, I told you about some of the changes we have been making to our investing strategy. One of those changes was buying a single-wide mobile home on a rented lot. And I briefly mentioned Lonnie Deals. This week, I want to go a little further into that and explain what happened after we closed the deal. First, let me recap what a Lonnie Deal...
Trailer differences I’ve had a lot of calls this week about mobile homes. Mostly, the conversations centered around the differences between trailers and stick-built homes in rehabs. So, I’d like to highlight a few of the major differences you need to be aware of should you decide to purchase a mobile home. To me, mobile homes are very interesting. I used to watch this show called...
Why you need a bill of sale at closing We recently bought a land home deal, which is a mobile home being sold with land. We call it a land home deal because you can buy just the trailer and not the land. This takes place in a mobile community or somewhere else where you own the home but rent the lot it sits on. Buying a mobile home on a rented lot was something we used to do all...
Do it wrong, do it long When I was in middle and high school, I was on the football team. Notice how I intentionally phrased that statement. Let me explain. When I was in middle school, we lived in a little town in Madison County called Hull on the outskirts of Athens Ga. As such, I went to Madison County Middle School. There, I wasn’t just on the football team, but I actually...
We just did a land-home deal over in Adairsville. During the course of the purchase, the sellers found themselves in need of a truck. They were moving to Florida after the sale and were planning to live in a travel camper until they could decide where to buy and settle down. They already owned a vehicle capable of pulling the camper, but something went wrong with it a week before...