geodesic home for sale Making money buying and selling mobile homes

This is the business model used by one of my friends.I plan to get into it because it's really more than just a business.You are helping people to buy houses that are usually rented for many years due to credit issues, income issues, etc.
\ R please keep in mind that rent for three months in my areaThe bedroom house is $700 per month and most places are over $1000 per month for three rentalsbedroom house.For an ordinary house, mortgage payments tend to be within that range, perhaps a little lower than that, but not much.My friend bought a mobile House.They must meet the following criteria: \ r1.
Fully paid-There is no remaining payment, no lien.\r2.They have to get a pretty good fix.He checked the floor for water damage, water leakage, etc.(He has a list --Not sure if it's just one of his heads or one he wrote down.
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They have to be in a place where they don't need to move --The mobile cost of a mobile home can be as expensive as the mobile home itself, if not more.\ RHe will buy mobile houses right away.Before doing so, he did talk to the owner of the mobile family Park.He was very frank about his way of making a living, and he liked to know what policies the park owners had in terms of hosting new tenants.
He will do some beauty work.
He made some great deals with local suppliers on carpets, fixtures, etc.\ RHe will advertise these families with a very basic advertisement.\ "Mobile houses for sale.Down payment is required.Owner financing 36 months."Some mobile home parks also advertise him on a limited scale.
\ R when he found the buyer, he said he had done a credit check in person, but he found that if he had chosen the right mobile home park, in fact, they were the same standard as him.If he asks the applicant to go to the park owner first to make sure they can be accepted by the Park (they have to do so anyway), if the park owner accepts the applicant, then he knew they were up to standard.This saved him time, energy and expenses.He then signed a contract for the buyer.He needs a down payment of more than $1000.
The down payment will be made for at least three months and the down payment is non-refundable.If he has to take back ownership of the mobile House, all payments are non-refundable and confiscated.He drafted a very simple contract.Pay $ XXX per month and then move the house is theirs.
\ RA note several items in the contract: \ r1.The buyer is responsible for all expenses paid to the mobile home park owner, and the contract between the buyer and the mobile home park owner has nothing to do with my friend's contract with the customer about the house itself.\r2.The buyer is responsible for all repairs, insurance, taxes, etc.
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If the buyer misses the payment, my friend can start the lawsuit and take back ownership of the house.(This was done because he wanted to have the house in three months so he didn't take out any money.) \r4.Once he has a mobile home again, he is free to sell and does not owe any money to the buyer.
I'm sure there are other things, but these are the main points of it.\ R payment between lot rent and house payment is usually less than $600 per month, so this is a very attractive offer for those who may be struggling financially.At the end of 36 months they own the house for free and only have to pay a lot of rentAnother good prospect\ RIt is also a way to get a good monthly income and stable income within three years.
From the way he works, he has a lot of houses, he is doing it, and after 36 months, every house will run out at different times, so it's not like he's going to end his income suddenly.\ RHe sets the price for the mobile home so that his money will double or triple (or more ).In some cases, he earns a lot more than that.
In some cases, the down payment paid for him, so the monthly payment was a profit.This is also a very declining business model.Friendly and really help people.\ RI hope this helps.Like I said, I will definitely be involved.
\ Let me know if you have any questions.
I 'd be happy to let you know if I knew what the answer was.If not, I can ask my friend