Newbies Unite! possible Lonnie deal… - Posted by Duane
Posted by Duane on October 28, 1998 at 19:49:48:
Actually, I’m hoping some of the experienced folks will chime in, but, I think we could all benefit from reading each others trials and errors.
Lonnie typically says stay away from moving a m.h. because of the extra cost, but check this out…
1970 something 3 br/1 ba 14x70 sitting in a storage lot, asking $1000, it has been there since January, (I have been watching it since about April). I originally spoke with the owner who was paying $75/mo to store it. He gave it to the storage lot owner to pay off the storage fee. So the lot owner is now asking $1000 for it. I am estimating…
Purchase at $500.00
Repair $2,055.50 (this includes; carpet, paneling, a few ceiling panels, linoleum, interior/exterior paint etc. basically, the whole thing needs to be redone)
Total Expense $3,780.50
…try for 100% return plus $1000 (finance fee) equates to a suggested retail price of approx. $8500
This seems worth it (eventhough there is a LOT of work to do). What do you all think?