Posted by Dr. Craig Whisler CA on May 13, 2004 at 11:20:50:
No parks that I know of will accept such oldies but goodies. They usually end up on private land such as farms or orchards or maybe some go to Mexico. Imperial Coundy will accept them if they are in reasonable good shape. DOH will have to inspect them first (for $60) and give you a certificate (that it has passed their inspection of the elec. and heating units basically) to take to the Imperial Coundy Building Dept. You must NOT move it to Imperial without prior approval of building dept or there will be a doubling of the permit fee.
I place ads for such mobiles in Spanish speaking weeklies and get great results. I sell them for about $1,000 and let the buyers do the teardodwn and moving at their expense.
Regards, doc
1962 Mobile home in Orange County - deal? - Posted by ERIC (CA)
Posted by ERIC (CA) on May 07, 2004 at 20:07:57:
Looking for advise on the following possible “Lonnie deal”. I am a newbie, just read Lonnie’s book and have been studying this message board and MH prices in my area for 2 weeks:
1962, 2 Bedroom, 1 bath. New exterior Paint, New skirting, New central heating , A/C. I am going to try to get it under $ 10K, but am thinking I should only offer about $5K due to it’s age - any suggestions? Space rent: $400.00/mo. Owner said he needs to relocate soon. The way I figure - even worst cast scenario I should be able to sell it for a $20K by carrying the contract on a 4 year note for a monthly payment totaling 10%-20% less than one would pay for renting a 2b/1b in this area.
I am concerned if the city, management Co, or PM may have some rules to remove an older home like this? Is there anyway to gaurentee how much longer an older MH like this can stay on park? It has been kept up and looks nice (for a 1962 anyway). The owner and PM referred me to the management company to find out about this and I am now awaiting their return call. I see several others in Orange County listed for 30K and more for MH’s manufactured in the 70’s.
Any advise on buying this old of a MH would be greatly appreciate. Eric
Under $500 might be a deal. This isn’t. - Posted by Dr. Craig Whisler
Posted by Dr. Craig Whisler on May 08, 2004 at 10:19:22:
You need to read or reread Lonnie’s books. This isn’t a Lonnie deal and never was. You aren’t even close to anything except losing your money.
Sell it for 20k? You are either dreaming or the California sunshine has blessed you a little too much.
Look further. What you want does occur, but not very often in LA or Orange counties. The Inland Empire would be a better place to look.
If you ever get as far east as Cabazon, give me a call and we can have lunch. Maybe I can give you a few less poignant pointers.
Just remember the only checks I pick up are from tenants.
Regards doc
Re: Under $500 might be a deal. This isn’t. - Posted by ERIC (CA)
Posted by ERIC (CA) on May 08, 2004 at 12:15:28:
Thanks Doc.
I Guess it’s obvious I am a Newbie. I’ll re-read Lonnies books and start looking inland as you suggested. What price should this 1962 be selling for in Orange County? Space rent: $ 400.00. It appears to be in rather good shape, on the corner of the lot overlooking a large lawn. Owner said he recently put $5K in repairs and fix-ups; Roof, heater, Skirting,Paint, etc.
I would like to talk to you. Can I give you a call? I’ll be in Riverside tomorrow. Can I buy you some Big Macs for lunch? Look forward to hearing from you.
Eric
Re: Under $500 might be a deal. This isn’t. - Posted by ERIC (CA)
Posted by ERIC (CA) on May 09, 2004 at 20:20:38:
The seller called me again today. Sounds like he doesn’t have anyone interested and is a bit anxious. He offering it at $ 9,000.00 now. He will be moving out of State very soon and sounds a bit Anxious. That price still is very high according to Doc’s last response to this subject. Any suggestions?
Re: Under $500 might be a deal. This isn’t. - Posted by Liam (SoCal)
Posted by Liam (SoCal) on May 10, 2004 at 17:56:44:
Hi Eric,
I’m a newbie in SoCal too. Have been lurking on creonline forever, and
am just starting to post.
Anyway, I think your best bet is to find out when exactly he is moving
out of state. Leave him alone until a few days before he needs to move.
He’ll be at his most motivated point then, as long as he hasn’t already
sold it, and you’ll be able to score. And even if he has sold it, there are
other deals to be done.
The moral of the story is not to get so tied up in one deal that you let
the others go by. If this one works out, that’s great, and if not there
will be others.
Re: Under $500 might be a deal. This isn’t. - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on May 11, 2004 at 09:01:45:
Just get his out of state phone number and address. Tell him that when he comes around to reality on price, he can call you. Wait 6-12 months if necessary. Let him see for himself how much alligators eat. That monthly space rent is a REAL alligator. It takes a big bite out of him EACH month. After he has paid $5,000 in space rent he should get the idea.
Buy it for $500, or move on to a profitable deal.
I commonly SELL such mobiles for around $1,000, if they are pull outs. I get them free from parks in L.A. and Orange counties, when they are trying to upgrade their parks to newer mobiles. I have gotten over 300 such mobiles FREE, and you can too. There is only one requirement. You have to try.
Regards, doc
Re: Under $500 might be a deal. This isn’t. - Posted by Eric (CA)
Posted by Eric (CA) on May 11, 2004 at 20:32:29:
Are there parks in SoCal that accept the old 1960’s pull-outs?? I found another one today that is a 1966 in Riverside. It’s offered by a dealer who said it needs to be moved because a new MH is replacing it. He said the asking price was $2000.00 but sound like he would about give it away for free.
ERic