The
MANUFACTURED HOUSING GLOBAL NETWORK
Home     Privacy & Security     Contact Us    
 
What do you want to know about manufactured housing?
Manufactured Housing Web Search
Home Search     Forum Search     Business Search    


Financing   Buy A Home Sell A Home Repair & Renovation Free Classifieds   Forums Books Insurance

Old Manufactured Homes Carson City NV

Fred was like most investors and entrepreneurs, he had no idea that mobile homes could be a good investment and a good money maker. And what little he had heard about manufactured homes wasn’t very flattering.

Cynthia S. Kendall
(775) 230-3477
123 W Second St
Carson City, NV
Agency
(Coldwell Banker Best Sellers)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 227k (60k - 449k)

Laura K. Garfin
(775) 560-4031
123 W Second St
Carson City, NV
Agency
(Coldwell Banker Best Sellers)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 333k (59k - 899k)

Diane S. Fulton
(512) 689-3349
402 S Minnesota St
Carson City, NV
Agency
(Capital Properties GMAC)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 169k (169k - 169k)

Sue Ketterhagen
(775) 884-3480
302 E William St
Carson City, NV
Agency
(Era Pioneer Properties)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 371k (221k - 725k)

Kellie R. Roberts
(775) 720-0408
Carson City, NV
Agency
(Threewide)
Average Home Size
Usually sells 4 Bedrooms
Average Home Price
Average Sales Price: 299k (299k - 299k)

Dan Smith Kari
(775) 881-7962
123 W Second St
Carson City, NV
Agency
(Coldwell Banker Best Sellers)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 326k (105k - 950k)

Teri Karlsson
(775) 883-8500
123 W Second St
Carson City, NV
Agency
(Coldwell Banker Best Sellers)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 459k (229k - 1.2m)

Evelyn Murphy
(775) 884-3480
Carson City, NV
Agency
(Era Pioneer Properties)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 277k (79k - 489k)

John M. Patton
(512) 431-2624
402 S Minnesota St
Carson City, NV
Agency
(Capital Properties GMAC)
Average Home Size
Usually sells 4 Bedrooms
Average Home Price
Average Sales Price: 1.19m (635k - 1.74m)

Ernest H. Magee
(775) 287-0575
Carson City, NV
Agency
(Threewide)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 177k (165k - 189k)

An Old Manufactured Home or Money in Disguise?

An Old Manufactured Home Or Money In Disguise?
Wed 01/18/06 08:14:22 am
by Lonnie Scruggs

 Fred was like most investors and entrepreneurs, he had no idea that mobile homes could be a good investment and a good money maker. And what little he had heard about manufactured homes wasn’t very flattering. But he had read a book about how you could make money with them and he called me to get some more information. And he wanted to know if he could visit with me sometime, buy lunch and see first hand just what I was doing. At 9 o’clock one morning, Fred shows up at my door, and we went on a park tour

In the first park we drove through, I pointed to a manufactured home and said, “Fred, take a good look at that manufactured home and tell me what you see.” This was a 15 year old single wide home. The paint was ugly, one section of the skirting was missing, a window pane was broken, a dog was tied to the steps and the yard would never win a “Yard of the month award.” I could sense that Fred wasn’t real impressed at what he saw. He looked a little puzzled and said, “ All I see is an old manufactured home.” And to the untrained eye, that’s just what it looked like…an old, ugly manufactured home.

Now there was nothing wrong with Fred’s eyesight. He saw exactly what I just described. What he didn’t realize was that he was looking at money, but it was money in disguise that looked like an old, ugly manufactured home. Then I gave Fred the history on this home.

About two years before, I had bought this home for $2,700 and spent another $341 for advertising and minor repairs. My total cost in that home was $3,041. In less than two weeks, I had it sold for $6,950 to a young couple that needed an affordable place to live. This couple, like many couples, would never save enough to buy what they wanted, but they could make a payment every month for life. They paid $750 down and I took back a note at 12.75% interest (the industry standard) payable $191.07 monthly for 40 months. Now, let’s run the numbers and see how I made out.

We had $3,041 invested, received $750 down, leaving $2,291 in the deal. We now have a note for $6,200 and will receive $191.07 for 40 months. If I punched the right buttons, that’s a 95% yield. After 40 months, we will have collected $7,642. And also, it will only take 12 payments to recover the $2,291 we have left in the note. As you can see, this little deal provides very high yield, with minimum risk and was done in a very short time.

Now, let me explain what I’ve really done with just a few hours of work. Some people will think I simply put a little deal together and made a good profit. And I have. But I’ve done much more than that. What some people fail to realize is that I’ve spent a few hours of work to create a note that now obligates somebody to send me a check every month for the next 40 months. Once the deal is done, what more do I have to do to get paid? Nothing but wait for the mail...

Click here to read the rest of the article from mobilehome.com


© Copyright 2008 Express Network Solutions
Manufactured Housing Global Network

Page Cached @ Tuesday, 18th January, 2011 @ 02:00am

Served by checkov .xpr.com
@ 02:01:59