Customer Reviews

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

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4 star:		(1)
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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>.

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.

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!

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.

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.

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.