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...
It doesn’t float uphill Yesterday was a busy day for me, and it was not things that were planned. That can be either a good thing or bad thing depending on the circumstances. Mine was a combination of the two. Let me tell you about it. We just filled a nice two-bedroom one bath mobile home last week, which made for a busy week as well. The reason for that was we needed to get all the...
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...
Face to face Monday morning was super busy for me. You see, we had a closing where we were purchasing a double wide on it’s on land, and I needed to prepare closing docs, get a cashier’s check for that closing and also attend to my normal Monday morning commitments. Due to labor shortages, my bank’s local branch had its lobby closed. As such, I had to go through the...
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...