Wholesaling Mobile Homes

[Andres Gonzalez]

I am starting a new journey in the mobile home niche I eventually want to write my own notes (shout out to lonnie) but would like to gather cash and I feel the best step to this is to do wholesaling. Can someone explain the contract process I know it is private property vs real property so that will affect how you go about it. But I am more confused about the assignment process like how does it work? Seller signs and then do I build a new contract or instead of me signing do I give the original contract to the buyer? I have been reading multiple sources but I only see them discuss one contract so it got me confused. Thank you in advance. 

[Rachel H.]

@Andres Gonzalez When it comes to wholesaling (whether real property or personal property), there are two main ways to do it. Either you do a double closing taking title to the home and selling to another buyer simultaneously or doing an assignment of contract where you assign your interest to another buyer for a fee. 

Personally, I started out as a bird dog and wholesaler finding deals for other investors in single-family homes. I used assignments when wholesaling. 

Now as a mobile home investor, when I wholesale mobile homes I also use assignments as well. 

If you have any questions or need any resource on this topic and niche, feel free to DM.

Hope that helps!