I just got back from the Lonnie Scruggs mobile home seminar in Norfolk It was just fantastic
I've done a lot of mobile home deals but really don't care much for owning mobile homes or even keeping the notes. Instead, I create 10-15 seller financed mobile home notes ( like printing money) then TRADE those notes for a free and clear single family house.
The notes have more cash flow but they pay off in 5-7 years.
The single family house will have less cash flow, less management, and pay me forever.
Trading mobile home notes for single family houses the fastest and easiest way to get a portfolio of free and clear rental properties. Of course, you can trade the notes for a car or anything else too.
Use what you HAVE to get what you WANT!
I've done a lot of mobile home deals but really don't care much for owning mobile homes or even keeping the notes. Instead, I create 10-15 seller financed mobile home notes ( like printing money) then TRADE those notes for a free and clear single family house.
The notes have more cash flow but they pay off in 5-7 years.
The single family house will have less cash flow, less management, and pay me forever.
Trading mobile home notes for single family houses the fastest and easiest way to get a portfolio of free and clear rental properties. Of course, you can trade the notes for a car or anything else too.
Use what you HAVE to get what you WANT!
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