Do $2,000 mobile homes still exist?
After reading "deals on wheels" and "mobile home wealth" I was determined to scour all the local parks to find single wides with $5000 asking prices, and negotiate them down to a $2000 cash sale.
However, my experience has been quite different from what I've read in the books. I can't find any single wides with an asking price of less than $13,000.
The range seems to be from $13,000-$25,000. I was very surprised by this, since what I read indicated that the lack of conventional financing is what allows you to buy a these homes for so cheap.
When I called several local mobile home dealers, I found out that 15 to 20 year loans are available for mobiles. And the houses do seem to be moving fast, since vacancy rates seem to be low at the parks I visited.
have things changed or am I just looking in the wrong areas?