Comments on: Investing in Mobile Homes … AKA Cash Flow Machines

By: Patrick Riddle

Patrick Riddle — Wed, 12 May 2010 22:05:35 +0000

Good question MG. I have a contact that may be able to help you. I’ll shoot you an email with the info.

~ Patrick

By: M.G.

M.G. — Sun, 09 May 2010 17:30:52 +0000

Are there any mobile home study courses that offer any analyzer software to estimate ROI, etc?

By: Patrick Riddle

Patrick Riddle — Fri, 09 Apr 2010 14:14:29 +0000

Hey Frank,

It’s my understanding that Eli holds the title (just like a car loan).

If he did a straight rental, he would be the one getting the insurance. If financed, the “tenant buyer” would.

~ Patrick

By: Frank

Frank — Thu, 08 Apr 2010 21:00:19 +0000

Does Eli hold the title to the home or does he give them the title and is just the lien holder. Also does he keep insurance on the property?

By: Patrick Riddle

Patrick Riddle — Fri, 11 Sep 2009 12:56:27 +0000

Great question Steve …

Eli has just been buying the homes in the park. If one of his tenants fall behind on lot rent, he has to pay it or risk losing the mobile home.

If you buy a mobile in a park, you’re responsible for lot rent as long as you keep the home in that park … whether selling or renting.

Let me know if you have any more questions …

~ Patrick

By: steve

steve — Fri, 11 Sep 2009 02:39:48 +0000

now with this buying mobile homes. Is this guy buying the mobile home park? or just homes within the park?

if he is just buying the home inside the park? what happens when someone falls behind on payments? does he become responsible for lot rent while he tries to resell?

By: Patrick Riddle

Patrick Riddle — Tue, 25 Aug 2009 20:25:04 +0000

Hey Paula … have you ever checked out Lonnie Scruggs stuff? I think he has a course called Deals on Wheels. I’m not sure how good it is though … never checked it out myself, but heard he was THE mobile home guru.

Ray … check out this free resource http://www.mustknowinvesting.com/josh … I think it will help you with your REI internet marketing questions. Let me know if you have any further question …

~ Patrick

By: ray

ray — Tue, 25 Aug 2009 18:17:12 +0000

I’m interested in how to set up a squeeze page and auto responder…any directions?
Ray

By: Paula

Paula — Mon, 10 Aug 2009 19:29:20 +0000

I would love to learn more about the how to in mobile home investing. We have a few moble home parks in my area of Maryland. But I would like to learn how to invest in this erea. Patrick I appreciate the helpful information you prove.
Thanks – A – Million .