Posted by Dr. Craig Whisler CA on June 09, 2002 at 10:00:06:
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I’m datiing the PM’s daughter… - Posted by MichelecO.
Posted by MichelecO. on June 06, 2002 at 23:49:09:
No, I’m just kidding. Actually the PM gave me HER daughters # because daughter has a mobile to sell. Asking price was 4000. Got her down to 3000 by asking “If I gave you an all cash offer today, what is the lowest you could take?” Its a 1980 something or other. 3 bed 2 baths, needs some repairs according to her. I haven’t seen it yet. Actually haven’t even read Lonnie’s book yet. Still waiting for it. Hope it comes by tommorrow. I know enough of what NOT do by constantly reading these posts. It is a CURSE. I cannot sleep because I am so exited about all the posibilities here with these mobiles! Obviously the home can stay in the park. The lot rent is current and she has clear title to the home. Should I treat this differently then any other deal I may do? My thinking is if I just buy it for 3000 I am in the park and the PM will remember that I bought the home from her daughter that nobody else wanted. Kind of like an in with her. I will also pay the PM a referral fee when I locate a new buyer for the mobile. I am also thinking she might be less stringent on application requirements since she is trying to get this sold for her daughter. Am I going the right way with this? Any other thought or suggestions? I haven’t bought one yet.
I can also get a freebie(73 Marlette Rushmore
- No title) Can’t stay in the park because it is pre-hud. Don’t know what to do with this however. Also a free 69 something with clear title for free to. I am working on buying 3 repos in this same park.
The PM is getting very acquainted with me.She is very cooperative, going so far as to just handing me her files to research the homes I am interested in. Can I be there to much? I don’t want to be a pest. These deals just seem to abundant and easy here.
Please help with the freebies. PM has someone who will move them for free. How can I compete? What can I offer that they don’t? Thanks for all the help. I need all I can get. MicheleCO.
All the help you could ask for re: freebies… - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on June 07, 2002 at 01:31:10:
…is available in the archives. I’ve written quite extensively on this subject. Only problem is I have lots of posts there (1166) if you get there before Saturday. If you don’t stop to read irrevelant ones you could have your answers way before Christmas. I can’t even begin to remember how many I’ve gotten free but probably half of all my deals have been free. That means about 210 freebies. Most folks don’t seem to have realized it yet but freebies can be developed into a real serious niche market, without serious competition. I haven’t had to finance a SINGLE one of them either. Haven’t ever had to get the PMs permission to sell to the buyer of my choice (the one waving the cash). Never had an installment sale tax problems either. No repairs either. No space rent either. No back property taxes either. No evictions, no repossessions, no faux tenants. This is a real NO NO. Tripling or quadrupling your investment with NO time element involved, because I don’t pay for the mobiles (referal fees) until AFTER I have sold them for cash, WITH the PMs permission, can be better than printing your own money. And it all perfectly legal and ethical. Even Max’s fiance would like this one. Isn’t this better than getting a yield of 10,000% a year? I keep waiting for a response from people and it never comes. Let me take a poll of the readers of this post. How many of you are actually awake right now? Yeah I know, nothing but a looong silence. It figures. I know some of my posts put people to sleep, but figure it out. I make more money as a ‘junk man’ than almost any other way. If you are really serious about moving up on the food chain, possibly even as far as Big Macs, it really might be worth a look in the archives under (whisler). You never quite know what you might find there. I think my older posts were, BY FAR, my best ones. I didn’t have so many arrows in my back, so I spoke more fankly about some real insider’s secrets than I do now.
Regards, doc
Re: I’m datiing the PM’s daughter… - Posted by Lisa in WI
Posted by Lisa in WI on June 07, 2002 at 24:05:13:
Michele,
How much is the lot rent? Is there any negotiation for have some free lot rent until you find a buyer? Are you advertising for a buyer now? Would the park owner allow you to finance a deal for your prospective buyer (it isn’t a rental as you are the bank)? This would give you a larger down payment and cashflow with your terms. We have financed some MH’s in other parks. The PM has all the control and rules so we bought our own park. We still have some in other parks. Things are going great. Love the great deals when PM’s auction off the abandoned homes and the finance company walks away…wheww. There is a lot of opportunity.
She gives good freebies… - Posted by MicheleCO.
Posted by MicheleCO. on June 07, 2002 at 10:28:43:
Actually Doc, I had read the archives BEFORE I asked this question. Probably 2-3 hours on this subject. My main challenge with this park, this PM and this freebie is that she has somebody estabilished that she uses to pull the freebies. He doesn’t charge her to pullout and he can be there to remove it completely in a week. I don’t think he pays referral fees however. I on the other hand would have to market for a new buyer and some time would pass before the home is removed. She just wants it to be out of her hair. I guess I COULD pay the current lot rent on this one until it is sold. Don’t really want to do that however, since I haven’t even done a deal yet and don’t know if this would sell for sure. How can I sell myself to her? What am I offering that this other guy doesn’t? REFERRAL FEES? Why should she choose me? I just don’t get this part. Thanks MicheleCO.
Yeah… I think - Posted by Chris (TX)
Posted by Chris (TX) on June 07, 2002 at 09:19:17:
…there is real potential in my area to buy(??) and sell the freebies. I just need a “spot” to do it in. I also need someone to move the darned things for free…ha ha…okay well, I can dream can’t I?
In this area there are quite a few folks who buy very cheap MH’s to move onto private land. So I need a place to make them “visible” to passersby, etc. I’m working on that problem now.
There aren’t but about 2 small parks anywhere close to me, and I’ve yet to actually get hold of the manager of either (not onsite…and doesn’t answer the phone sigh). So I’m thinking one of my “target markets” should be selling to people who already have a place for the MH themselves… no park.
There is a place about 30 miles from here doing just that… selling old MH’s they fix up and resell off a lot on a major highway. The woman says she sells so many she wouldn’t even venture to guess how many in a month, etc. I see MH’s going in and out of there all the time… inventory is different everytime I drive by. She’s been doing this for years and must make excellent income doing it because of the prices she’s getting. She’s a little um… eccentric, due to her age I think (80 years), but every now and then I can get her to tell me something important… the rest of the time she’s just giving me a sales pitch on a particular home, something the previous owner told her about their personal life, or telling me about someone stealing her pot flowers. Go figure. I listen… I empathize… but she doesn’t remember me at all the next time I go back. She doesn’t know I’m in the business, I have been there twice as a potential buyer… I’m just collecting information on MH values/prices from her… one of my best resources!! She loves the company so it’s good for both of us. Anyway… I know there is a huge market here for this type of thing… she and a couple of others are the proof! I just have to find a good location and a mover who is cheap enough. Nothing too major I think… I’ll get there soon.
Chris
Where do I find freebies? - Posted by Gary Baird
Posted by Gary Baird on June 07, 2002 at 08:36:25:
I haven’t been doing this very long, so I am not too familiar with much of this, and I certainly haven’t had anyone knocking on my doors with freebies.
Re: All the help you could ask for - Posted by Blane (MI)
Posted by Blane (MI) on June 07, 2002 at 08:03:44:
Doc,
Am just curious about what kind situation you’re pulling this off in, i.e. kind of park, PM relationship etc. I’ve been offered a freebie or two recently, but I don’t know a single park in my area where I wouldn’t have to put work (i.e. money) in, could sell to buyer of MY choice, pay lot rent, etc. and with the older ones would probably have to move it, yet parks aren’t allowing move-in of 70’s models. The concept is interesting, but am I missing something, or is it my area?
Blane
Awake, Alert, Alive & Salivating! - Posted by Kevin OK
Posted by Kevin OK on June 07, 2002 at 07:41:22:
Doc,
To use the words of that other famous doctor, Frasier Crane…“I’m Listening”. And I’ll bet you a B&B that others are too.
I haven’t seen your manual yet re: “Profiting in the Extensively Pre-Enjoyed Manufactured Home Market”…but the concept of dealing in junkers has crossed my mind. More so lately.
I know of several around these rural areas…and I’m sure many could be had for free. My concern was what to do with them, in the physical sense…to the point of wondering if I should invest in a Toter Truck, to be able to drag them away. Could then move and deliver them myself to the next owner’s spot. But that idea seems excessive, if instead I could work out an agreement with someone who “drags & drops” them already.
As you may have noted a week or so ago…I highly recommended others review your posts, make copies and create a manual out of those that are related to the kind of investing they would like to do…so I’m certain at least one of us is interested!! I’d been focusing on your more recent posts, so I’ll change that today, and as yousuggested…begin looking at some of your earlier posts.
Me…I’d love to deal in the junkers…and I’ll go back and read some of your oldest posts for more info . Any suggestions you provide in this forum are greatly appreciated. Thanks…
By the way, did I mention my 4 hungry children who are depending on me to use your ideas? 
Kevin in OK
Naughty naughty - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on June 07, 2002 at 18:23:31:
Hey Michele, do you have an advertizing background like me? Yours is the first post I opened and read. Didn’t have quite what I expected inside (drat). At least you piqued my interest and got results. You got read first. Well what did you expect from a GUY? Thanks for the concern and nice sentiments further down the board.
Regards, doc
Makes you wonder… - Posted by MicheleCO.
Posted by MicheleCO. on June 07, 2002 at 10:35:48:
if SHE can do this why can’t I doesn’t it?
Gary, look under ‘whisler’ in the archives. - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on June 07, 2002 at 18:35:31:
Here is how to do it right. First pull up a comfortable chair, get a couple of sixpacks, order an extra large pizza and say goodby to your family for a week.
There is no free lunch. You will have to work for this info. because I don’t have time to repeat it twice a day, sorry.
I just got a call and was offered another freebie today (12x45).
Regards, doc
Blain, just look under ‘whisler’ in the archives. - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on June 07, 2002 at 18:43:02:
Here is how to do it right. First pull up a comfortable chair, get a couple of sixpacs, order an extra large pizza, then say goodby to your family for a week.
There is no free lunch. You will just have to work for the info. because I don’t have the time to answer this question twice a day, sorry.
I just got another phone call offering me another frebie (12x45).
Regards, doc
Suggestions, yes, three bags full - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on June 07, 2002 at 18:55:23:
Look in the archives under ‘whisler’.
Her is how to do it right. Pull up a comfortable chair, get a couple of sixpacs, order an extra large pizza, and say goodby to your family for a week.
Well you get the drill.
Kevin, I’ve enjoyed many of your posts, especially recently. To get more, I sure hope I don’t have to pull up a comfortable chair and… (: They are great. Thanks for all of the info. I am learning from you too.
Forget the toter. The only thing I want to touch is the money, not the freebies. Its soooo much simpler than all of you imagine.
Regards, doc
I want to apologise for the… - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on June 09, 2002 at 04:21:39:
… misspelling of your name. Just call me Egg Whisler three times and we can call it even, OK? (:
Re: Suggestions, yes, three bags full - Posted by bob
Posted by bob on January 17, 2003 at 15:31:08:
what is so much easier than any of us could ever imagine? Have just stumbled onto this site and spent several hours reading the past posts…or post of the past???..and still havent found a reference to securing the freebies…to which you seem to owe as your source of weath and riches…heh heh
everything is good…and going by the 'thanks ’ you have received from the others, I am in the corrrect place to learn the ‘bidness’…
No problem… - Posted by Blane (MI)
Posted by Blane (MI) on June 09, 2002 at 07:25:41:
I’ve been called worse,… 
Blane
Re: Suggestions, yes, three bags full - Posted by Dr. Craig Whisler CA
Posted by Dr. Craig Whisler CA on January 17, 2003 at 19:27:16:
‘Getting QUICK cash for your freebie mobile homes while they are still sitting in the parks that gave them to you’ is what I meant when I referred to it being ‘so much easier’ (than moving them to another location for resale).
First time I ever wrote anything so unclear. Everyone on this site knows my clarity is
surpassed only by my speling.
Regards, Doc