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Deals on wheels: How to buy, sell & finance used mobile homes for big profits and cash flow Paperback – 2002

4.8 out of 5 stars 21 customer reviews

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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 (21 customer reviews)
  • Amazon Best Sellers Rank: #981,654 in Books (See Top 100 in Books)

More About the Author

Learn how to make money with mobile homes from Lonnie Scruggs! He's the ORIGINAL mobile home investing expert and "guru".

Lonnie is one of the most respected national instructors on the topic of mobile home investing and making money in the used mobile home business. He was the first to teach others how to make big profits with mobile homes as an alternative to traditional real estate investing. And although his instructions focus on making money with mobile homes, the proven investment principles he teaches can be applied to many other types of real estate investing.

Lonnie Scruggs was born and raised in Virginia. He's been in some type of business most of his adult life. For 35 years he owned, rented, managed, and maintained his own rental properties.

After becoming a burned out landlord, he began selling off his properties and started buying discounted notes and mortgages. When it became more and more difficult to find good notes to buy, he found a way to create his own notes by buying, selling, and financing used mobile homes.

Lonnie Scruggs is widely known and well respected as the authority on mobile home investing. His articles, books and home study courses will provide a step-by-step guide to help you create financial security and independence.


Customer Reviews

Top Customer Reviews

Format: 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 <[...]>.
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Format: 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.
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Format: Kindle Edition
This is a great book with a lot of value in it. Lonnie is such an expert that the term "Lonnie deal" is named after him. A Lonnie deal is fixing up an older mobile home and selling it, usually on a note to get that "mailbox money". I highly recommend this book. After reading it, go to Lonnie's website and sign up for his free newsletter. As a bonus when you get the newsletter, you'll get some free audios. Lonnie breaks it all down for you.
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Format: Paperback
This book has great information, it's easy reading, it explains what to look for and step by step instructions on what to do to obtain your first used mobile home. buy it, sell it and finance it to the new buyer. You can also use these methods with any purchase of a home for that matter. Great stuff.
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Format: Paperback Verified Purchase
This book has everything you need to generate cashflow using moble homes. It will teach you the concept of buying low and then owner finance high to your new customers. The book does have copies of contracts you can take to your attorney for the state approval.
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Format: Paperback Verified Purchase
Excellent service and quick shipping/delivery. Would purchase from this seller again. Book helped in decision-making process to purchase a manufactured home for a vacation home. We feel we made a good choice with the guidance of this author.
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Format: Paperback Verified Purchase
I like the way Lonnie breaks down the process of doing your first mobile home deal. This book is written so even a 5th grader could read and understand this book. Lonnie writes a lot about networking with people involved in any way with the mobile home industry. I have never done any mobile home deals and most likely will not until I am back in the US. If/when I do my first deal you can bet that I will be using this book as reference material.

This book is no literary genius. Proper organization is lacking and there are major grammatical errors in this book. Despite these errors the book is an easy, quick read and I would recommend it to anyone doing their first mobile home deal.

I wish this book would be updated although Lonnie may still be using the same techniques that he writes about in the book. The last update of this book was in 2006 and times have changed even in the last four years.

A side note about the seller: "From Lonnie Scruggs Includes Free Bonus". There is NO free bonus and the time until the product ships is 2-3 days longer than stated during check out.
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Format: Kindle Edition Verified Purchase
If you are going to get into mobile home sales (used) this is a great little book.as a lot of good ideas.
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