Lonnie Scruggs - Deals on Wheels

[Demjan Van Der Kach]

I am reading the book now and it is lots of fun. I have no experience in mobile homes whatsoever and really wonder: - Are there still Lonnie deals out there? - when he talks about buying single wides for $2,000-3,000 - are we taking modern era or it was 20 years ago???:). Are these deals realistic now? - is sellers financing on mobile homes dead because of new regulation? SAFE act/Dodd Frank.

[Ken Rishel]

Originally posted by @Demjan Van Der Kach:

I am reading the book now and it is lots of fun. I have no experience in mobile homes whatsoever and really wonder:
- Are there still Lonnie deals out there?
- when he talks about buying single wides for $2,000-3,000 - are we taking modern era or it was 20 years ago???:). Are these deals realistic now?
- is sellers financing on mobile homes dead because of new regulation? SAFE act/Dodd Frank.

 There are many Lonnie Dealers now doing deals legally through a modified process. While much of what Lonnie taught is timeless, unfortunately the SAFE Act and Dodd Frank made the financing methods illegal.

It can still be done. Email me if you want.