Deals on wheels: How to buy, sell & finance used mobile homes for big profits and cash flow [Paperback]

Lonnie Scruggs (Author)

Book Description

Publication Date: 2002

If you're tired of being a landlord but still want a good monthly cash flow, or if you're a real estate note investor who can't find any good-yielding paper, or if you just want to make MORE MONEY, you need to read this book. Written in a folksy, "down home" style, Deals On Wheels explains in detail how you can earn yields of 50% to 175% on what the author calls "Wobbly Boxes." Learn to buy, sell, and finance used mobile homes for big profits and generous cash flow. This book covers everything you need to get started earning awesome yields with minimum hassle, including:

> The best kinds of mobile homes to buy
> Eight ways to find low-priced mobile homes
> How to negotiate an even lower purchase price
> How to determine necessary repairs
> How to make your phone ring off the hook with buyers when you resell
> How to get started with $3,500
> How to start with no money
> And much more

Deals on Wheels is based upon the actual experiences of Lonnie Scruggs, the "Father" and "Master" of the used mobile home business. Lonnie shares his many years of experience and shows you how to make fantastic profits in the least recognized, yet best money-making business in the country. This book is referred to as the "Bible for the Mobile Home Business."

--This text refers to the Kindle Edition edition.

Product Details

• Paperback: 242 pages
• Publisher: DOW Enterpises; Revised edition (2002)
• ASIN: B0006S1ZJG
• Product Dimensions: 8.2 x 5.2 x 0.6 inches
• Shipping Weight: 9.6 ounces
• Average Customer Review: 4.8 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #405,080 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

21 of 22 people found the following review helpful:

5.0 out of 5 stars Highly Recommend, February 14, 2008

By 

Sailor "www.ShoeboxProject.org" (Green Cove Springs, FL United States) - See all my reviews

This review is from: Deals on wheels: How to buy, sell & finance used mobile homes for big profits and cash flow (Paperback)

This is absolutely the best book ever written for the mobile home investor. Not just for the beginner, Deals on Wheels provides the experienced investor with a business model from which he/she can develop real wealth.

Unlike conventional real estate investing, mobile homes are not typically subject to wide market fluctuations. Instead, they continue cranking out CA$H every month. Even with prices crashing in most markets, investing in a single family home is pricey. Contrast this with buying a used mobile home for $1500-3500 full price (though I've paid as little as $500 in recent years). Whether you choose to flip, rent or sell on terms, at those prices even a beginner would have to work really hard to lose money.

The author, Lonnie Scruggs, is THE authoring on mobile home investing, & his reputation is well deserved. I have read all of his books & heard him speak several times. This book should be your first mobile home investment, & if you follow the principles he teaches you will not only make money, but you will have the satisfaction of helping tenants and/or buyers in their quest for decent affordable housing.

Even if you have no intention of every buying a mobile home, I'd still highly recommend this book for the basic financial education you'll receive just by reading it. This is a classic, one to read & re-read. I also recommend the Mobile Home & Parks Forum that Lonnie Scruggs co-hosts with Tony Colella <http://www.creonline.com/mobilehomes/wwwboard4/index.html>.

16 of 17 people found the following review helpful:

5.0 out of 5 stars Written by someone who has done it and is an expert on it, January 27, 2008

By 

Wildman Keith - See all my reviews
(VINE VOICE)   

This review is from: Deals on wheels: How to buy, sell & finance used mobile homes for big profits and cash flow (Paperback)

The mobile home section of the real estate world is a specialized niche that might be a good area for you to get started in if you are nervous about getting your feet wet in real estate investing.

The really big money is in commercial real estate such as big apartment buildings but if you are nervous about risking your money, mobile homes or trailers as they are often called don't take a lot of cash to get started with.
In this book the author will provide you with tips on how to get a low price if you are buying in order to resell.

He also provides advice on who you might want to sell to so you avoid problems.
Advice on newspaper ads is also in the book.

But probably one of the most important sections is how to become friends with trailer park managers. They have all sorts of inside information that can be beneficial to you.

Only someone who has been in this particular area of real estate can provide the specialized knowledge that is presented in this book.
So if you are looking for a way to get started with little cash this area might be just the ticket for you.

5 of 6 people found the following review helpful:

5.0 out of 5 stars Learn to Create Your Own Economy with Lonnie Scruggs' Books, February 3, 2010

By 

Jackie Lange "Extreme Real Estate Success Group" (Dallas Texas) - See all my reviews
(REAL NAME)   

This review is from: Deals on wheels: How to buy, sell & finance used mobile homes for big profits and cash flow (Paperback)

All of Lonnie's books are very informative and very easy to read and understand so you can quickly implement his lessons. Mobile homes provide incredible cash flow. I purchased a home for [...] and sold it a few days later for [...] with [...] down. You should check out the articles and Lonnie's audio 'Create Your Own Economy" at his site [...] The message is POWERFUL and just what you need to hear in these tough economic times. With the information in Lonnie's books, you really can create your own economy!