All Forum Posts by: Jerry Lucker

@Mike Morris

I’m a (mostly) retired investor and have been a mentor for several years.

I only work with people who I believe can handle the business.

They have to be serious, say what they’re going to do and then do it.

They have to follow our plan and accept constructive feedback.

They have to have moxy and be determined.

They can’t have ‘perfection paralysis’ - thinking they have to know everything before they act.

They have to have integrity and not be prone to make excuses.

They can’t waste their time or mine.

@Marduk Mooshoolzadeh

I’ve invested less than $10K total in flipping mobile homes in parks. The last one I did netted $16K in profit on an $8K outlay.

I’ve been doing this for close to 20 years. Let me know if you’d like me to share my business model with you.

@Allan Ringler

I’m in favor of cash flow over appreciation. I purchase lower value properties - they cost less but rent well. After many years of renting them I sell on contract and get many more years income being the ‘bank’. My calculator said that’s the way to go and it’s proven itself after many years.

@Mike Nelson

Reduce the price and let the buyer worry about all repairs. If seller agrees to fix anything the buyer can still walk away upon re-inspection.

@Denise James

Inspect or walk. Seller is ludicrous, phrasing it politely.

@Brittney Kemp

I’ve flipped hundreds of individual mobile homes. This business model afforded me a great living and a very comfortable retirement.

@Trevor Jaye

Manufactured homes cost a lot less than stick built but can rent for close to the same money. Renters are most concerned with the size for the money. They’re not going to own the property anyway.

They won’t appreciate like stick built but as long term rentals they’re great. You can sell on owner contract after renting them for several years. The math makes sense.

You can also flip manufactured homes and realize excellent profit margins.

@Terrell Simmons

Mobile homes can be money makers when you know how. They’re housing but generally not real estate.

You can check out several videos I have on YouTube. Look for ‘Mobile Homes Make Money’.

I’m pretty much comfortably retired after 20 years in the business but I’ll be happy to share my insights.

Good Investing!

@Emily Rolando

I have several mobiles on private property as rentals.

They cost a fraction of what the same size stick built home would cost to buy - but they rent for close to the same money.

They are relatively inexpensive to maintain.

They won’t appreciate rapidly but as long term rentals and eventually as they are sold on owner carry contracts they’re hard to beat.

@Asim Sheikh

Military personnel can be transferred anytime without notice and you can end up with an empty house in the middle of the winter.

There is nothing you can do. They are protected by the government.

I would definitely not want more rentals near a military installation.