Deals on Wheels on CashFlow Depot

Mobile Home Park Investing
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Deals on Wheels on CashFlow Depot

Ryan Ray
Involved In Real Estate · Dallas/Ft. Worth · Member since 2013 · 21 posts · 0 votes

I'd like to pick up a copy of Lonnie's books 'Deals on Wheels' but it isn't' available on Amazon. So, what should I do?

-Get a membership to CashFlow Depot which comes with a bunch of other resources

    -Just read his other book 'Making Money with Mobile Homes'

    -Neither and use resource (insert in comments below) instead

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    Omar C.
    Chicago, IL · Member since 2014 · 91 posts · 32 votes
    6y

    The material is dated and is now in violation of the Dodd/Frank regulations.  

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    • Omar C.
      Chicago, IL · Member since 2014 · 91 posts · 32 votes
      6y

      The material is dated and is now in violation of the Dodd/Frank regulations.  

      1Reply
    • Ryan Ray
      OP
      Involved In Real Estate · Dallas/Ft. Worth · Member since 2013 · 21 posts · 0 votes
      6y

      @Omar C. Thx. Any resource you would recommend?

      0Reply
    • Omar C.
      Chicago, IL · Member since 2014 · 91 posts · 32 votes
      6y

      If you are looking for a business model similar there isn't any since the passage of Dodd/Frank.  Search Dodd Frank and there are 1000s of threads of everyone trying to find an alternative.  The easiest is probably to purchase the home and just rent it out.  

      0Reply
    • Ryan Ray
      OP
      Involved In Real Estate · Dallas/Ft. Worth · Member since 2013 · 21 posts · 0 votes
      6y

      @Omar C.oh ok. I didn’t realize it was so much dependent on that. I had just heard good things about it. 

      0Reply
    • Mark Brogan
      Investor · Roanoke, VA · Member since 2012 · 1k+ posts · 374 votes
      6y

      dont pay attention to all the dodd/frank fear mongering on here, i really dont think they will be worried about you  selling a few mobiles on a note

      good luck

      @ryan 

      @Ryan Ray

      0Reply
    • Ryan Ray
      OP
      Involved In Real Estate · Dallas/Ft. Worth · Member since 2013 · 21 posts · 0 votes
      6y

      Good point @Mark Brogan!

      0Reply
    • Ryan Hehman
      Realtor · Washington, DC · Member since 2013 · 91 posts · 32 votes
      6y

      Try "Making Money with Mobile Homes" also by Lonnie Scruggs. Also look up John Fedro at mobilehomeinvesting.net and his YouTube videos. You can still sell a mobile home on payments without violating Dodd-Frank, and you can always use a mortgage underwriter if necessary as well. Feel free to message me and we can chat more - I've done a number of mobile home deals in Maryland with different exit strategies. 

      1Reply
    • Stephanie Senske
      St Johns County/Duval · Member since 2018 · 7 posts · 1 vote
      6y

      @Ryan Ray When doing seller financing, if the seller insists on int'rest just adjust your purchase price up to avoid violating the Dodd-Frank and still get seller his money. If you're the seller, the same applies

      1Reply
    • Ryan Ray
      OP
      Involved In Real Estate · Dallas/Ft. Worth · Member since 2013 · 21 posts · 0 votes
      6y

      Thanks @Stephanie Senske and @Ryan Hehman

      0Reply
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