All Forum Posts by: Skye Bowen

Hello everyone!

I'll be looking at a MH in Central NY area... in talking with the seller through email (apparently he's out of state) he keeps saying that it's worth $15k mint, and because of some water damage to the bedroom, he's kindly dropped the price down to $5k.

Did I mention it's a 1984?

I'm sure it's a nice home, I'm sure he bought it full price... but he keeps saying it's only $5k, and he brought it ALL the way down to that.

How do I kindly tell him I don't think it's worth that, without sounding rude? Especially over email (should I get his number and call before discussing prices?).... I'm new at this, so any encouragement or ideas would be helpful.

Thank you guys so much, you are all inspiration!

~Skye

Alright everyone, I really could use an opinion if you don't mind... I'm looking at a potental buy, and it would be the first, so I'm a little nervous!

It might be a long story, but here are the details -

I'm looking into a really nice 2br/2ba in a well maintained park. It doesn't have a refrigerator or washer/dryer in it, but those are the only appliances it's missing. The guy that I would be buying it from is a builder, and he and his wife put $4,000 into it to fix it up (or so they say), and they were planning on selling it. They're having a really hard time selling it though, I think mostly because they're asking for at least a $2,000 downpayment, ie, they're naming the terms. He was willing to sell it to the first person that walks by with $3,000 cash. I think it would actually be a great deal. I mean, I almost want it for myself!

The biggest problem is, the lot rent is a whopping $470! Can you imagine?? $470 just for lot rent. I mean, they mow your lawn and plow and things like that, and the park is right next to a major city; you couldn't get an apartment in this area for less than $700, so... It just seems like the profit margin is really tight, and especially since he said that everyone he showed it to got turned off by the lot rent. It's a nice looking park, the nicest one I've seen in the area, and people obviously pay it because it looks to be at least 90% occupied.

Any thoughts on this would be helpful! If I can deal with the lot rent issue, this would be a wonderful park to work in.

Thanks!!
~Skye

Hi Matt!

I'm going to be (hopefully!) doing deals around the Syracuse area. I'm new though, so I probably don't have that much in the way of help. But I would also be interested in talking to someone in NY that has done MH investment deals.

Thanks everyone!
~Skye

Wow, good job! I just bought Deals on Wheels a couple of days ago, and I think I've read it twice by now! Definitely worth buying... I bought the pdf, so it was a lot cheaper, and more portable.

On a slightly different note, how did you feel buying an older mobile home?? I'm realizing that the ones around me are at LEAST 20 yrs old in the price range I want, even though the DOW book says not to go much older than that.