Posted by Tony-VA on November 14, 1999 at 15:06:00:
I highly recommend Lonnie Scrugg’s “Deals on Wheels” that is sold at this site. The book runs about $30 I believe, but it includes all you need to know to get started creating mobile home notes. Now don’t get turned off yet. I know, “Trailers?” Take a look at his “How to Articles” on this site and follow the posts on Newsgroup I about “Lonnie Deals”.
These deals take very little money to do. There is very little, if any competition. The book is very easy to read and entertaining as well. It is a great education into how the “paper” end of investing works. The book is worth far more than it costs. The cost is merely a drop in the bucket compared to most investment courses.
Try the book. If you like it, order the second book. If you still like it then begin doing deals and order his tape course to perfect your business. After doing your first deal, you will be hooked on these HUGE yields (min. of 50% yield!) like the rest of us. These deals remove you from the tenant management headaches because you are merely acting as the bank instead of the landlord. These people do not call when the toilets back up because you are only acting as the bank.
Lonnie’s goal in life is to never let the mailman pass his house without dropping off a check. This book will show how easily this can be done.
Do yourself a favor and buy this book. Try doing a Lonnie deal and I firmly believe you will be convinced. If not, give the book to a friend. It may very well be the best gift that you ever gave someone, the ability to become financially independant.
Best wishes,
Tony-VA