Mobile Home Motivation

[Dustin M.]

My last two months have went very well. Hopefully this will give individuals motivation to continue looking for deals.

Five mobile homes purchase price and repairs = $13,500.

Sold them in less than sixty days contract for deed for $7,500, $8,000, $11,000, $12,000, $13,500 collecting $3600 in down payments. The terms are at 13.5% for an average of 3 years.

N I PMT FV
36 13.5 1642.47 48400
N I PMT FV
36 198.28 1642.47 9900

Which ends up being a rate of return of 198%! Deals are out there so keep looking for them.

Dustin

[Terry Drake]

Good work, Dustin! Any pictures to share?