Posted by Rick Lee on November 26, 2007 at 06:52:11:
Brenda,
You are definately off of the couch. You should indeed be proud of your accomplishments, GOOD JOB!
Judging from the looks of your work, you will not have any trouble selling, because I know that you will apply the same diligence to that as well.
Posted by Brenda (OH) on November 25, 2007 at 11:50:35:
Hi folks,
If I did it right my MH rehab photos for the first completed MH are on picturetrail. I have it password protected, the password is
creonline
(and, could someone go see and send me an email yes or no about if they could view it?)
now to get it sold… I show it again monday… I keep getting folks that it is their first time to see a MH, and they are not sure about MH living in a park as a housing choice.
Congrats! That’s a good looking mobile for a Lonnie deal. What did you pay for it? I’m sure you’ll get it sold sooner or later…just don’t give up. It will happen. Have a great day, Steve
Posted by Anne_ND on November 26, 2007 at 04:49:40:
Brenda,
The rehab on this home is… astounding, especially considering you did all the hard work yourself.
You have demonstrated an incredible amount of determination and willingness to learn new skills to get this home finished.
You mention in your slide show that you want to work on your people skills to get this sold- I say that there is no skill you cannot acquire if you set your mind to it, because look at what you’ve done already. I am so impressed… especially because I would be terrified to crawl around under a mobile home.
Posted by Rich(WI) on November 26, 2007 at 04:32:29:
Great job Brenda!! I did one similar to yours this past spring. I didn’t think I would ever get finished with everything I found. It is now a nice rental unit. I did not do laminate this time but I will from now on. Keep up the great work!!
Posted by Tony Colella on November 25, 2007 at 17:55:04:
Brenda, the picture link worked fine for me. Great photos. You did some amazing work on this place!
I have no doubt there were a large number of learning curves in this project and I feel confident that there is little in a mobile home repair that would frighten you in the future.
The only concern I have (and the one I voiced at the boot camp) was the amount of time and money put into this project compared to what your market would accept and what they can pay. Balancing repair time with the need to do work on other deals is a tedious experience for me to this day.
There is no right or wrong in this game. We each choose our own paths. You and I talked at length about this. I bring it up here only to caution new Lonnie dealers that this type of project may well be the exception by miles in their markets. In other markets it may do nicely. Rental vs. flipping also comes into play.
I prefer to do much more in my rentals (many of the things you did in this one) but I have to see them everyday and make future repairs in them for the rest of my landlording career.
If you ever get a chance to see the power point presentation that Michael and Reuben put on you will find that they rehab lonnie deals much the same as you.