Potential Deal for Old single wide

[Jeff Warner]

I found an OLD mobile, it's a '64 that has been updated for $1500.00. I know most people advise to stay away from the older ones but I saw a similar one (it was a '67) today that is listed for $8k.

My goal here is to either sell for quick cash or carry a note for a slightly higher price. Here is my main question about it:

This lady is moving out of state on the 15th and I'm going to go look at the mobile on Monday. She has a title and everything but I don't want to hand over any $ until she is moved out. Does anyone have a contract that I can use to lock it up until she is moved out? I don't want to buy this thing and then have her stay put for another 30 days or more.

Any suggestions?

Jeff

[Terry Drake]

Write in the contract "Remaining balance to be paid upon vacancy" or something to that effect.

FYI MH's older than '72 tend to have aluminum wiring so keep that in mind if you are planning on buying an old unit and renting it out or hanging on to it.