where to find money? - Posted by rana

Posted by Dave(WI) on December 19, 2000 at 21:55:22:

First try friends, family, relatives, co-workers etc. I just finalized my first deal with my mother-in-law!!

Also, try buying a mobile home with option to buy or better yet over time. I just bought back the second mobile home I sold over one year ago. Back then I bought it for $2,000 sold it for $6,000 with $3,000 down and $3,000 financed over 2 years. They buyers paid it off in 6 months and now have new jobs and need to sell. They want $3,000. Here’s how I structured the deal. $500.00 Down, $500.00 once I sell the M.H. (I’ll use my buyer’s down payment of $500.00) and I’ll pay off the remaining $2,000.00 over 1 year interest free at $167.00/month.

Now, I should be able to sell for $8,000.00 (Buyers did alot of work and fixed it up real nice), for $500.00 down and finance the rest at 15%.

If you don’t have the cash, use owner financing.


where to find money? - Posted by rana

Posted by rana on December 19, 2000 at 09:00:35:

I honestly dont have the money to start.I have to save the old fashion way until I can get one mobile.Does anyone have any ideas on getting money?I tried the banks they denied me.I have credit they are at the limits.

Partner - Posted by Karl (OH)

Posted by Karl (OH) on December 19, 2000 at 13:40:26:


Find a partner will some money. You do the work. Split the profit.

Have you read Deals on Wheels?

Karl Kleiner

Re: Partner - Posted by Robin (AZ)

Posted by Robin (AZ) on December 19, 2000 at 19:05:15:

How do you find a partner? I have the time and enthusiasm, but no $$ (I’m a law student-- they like us poor and hungry…). I’m confident I could make someone some good money, I just don’t know how to find that person…