BiggerPockets

Lonnie Scruggs's Articles

1. Do Things Really Change?

   over 3 years ago

   In 1986, I started buying used mobile homes for $2,000-$3,000, and selling them for $5,000-$6,000 with payments of $200-$300 per month. Some 19 years later, I’m still buying and selling mobile ho...

2. Banks Should Post Warning Labels

   over 3 years ago

   I think banks should be required to post the following warning labels on all their advertising material saying: WARNING! BANKS ARE HAZARDOUS TO YOUR FINANCIAL HEALTH! After all, the government re...

3. Big Yields From Little Deals

   over 3 years ago

   Making 15%-20% returns on your money is simple. And there are opportunities all around you if you will look for them, recognize them, and act on them. Every time you hear someone say that they need...

4. Generate Some Competition

   over 3 years ago

   Here’s a little selling technique that I’ve found to be very effective. I've written about this in my books, but it doesn't hurt to refresh your memory.

5. Had Your FINANCIAL Check-up Lately?

   over 3 years ago

   Seems like there’s always somebody telling us we should get a physical check-up every year or so, but how about a financial check-up? Ever had anybody call wanting to schedule you for a financial...

6. How To Create A Money Machine

   over 3 years ago

   If you understand how to buy a product for wholesale, then sell that product retail and finance it, you will get rich much faster and easier. I've been doing this very thing with mobile homes for 1...

7. An Old Mobile Home Or Money In Disguise?

   over 3 years ago

   Fred was like most investors and entrepreneurs and had no idea that mobile homes could be a good investment and a great moneymaker. What he didn’t realize was that he was looking at money disgui...

8. Find The Need, Fill The Need, FINANCE The Need

   over 3 years ago

   It finally hit me that no one was offering to finance the sale of the used mobile homes, only the new homes. Bingo—the light bulb came on and I found the answer...used mobile homes.

9. How to Build Long-Term Security

   over 3 years ago

   Finding and keeping a good long term customer does more for your financial wealth than a "One Shot-One Profit" deal. If you do one cash deal, you get one check. But a long term, good paying custome...

10. A Perpetual Money Machine

    over 3 years ago

    Just how much money can you make on one old mobile home? I don't know, but I've got one that won't go away.... it's like a perpetual money machine. Every time I think the loan will be paid off, som...