Tuesday, November 18, 2014

Mobile Home Stories

For the last 6 years mobile home investing has been one of my main sources of income. There are many things I like about it: the honesty, the control, the simplicity, and yes, the money. However, above all else, I really like the stories I hear. I didn't get into the business to hear people's tales, but it's what I look forward to most when I head to someone's house.

 People want to sell their homes for all sorts of reasons. Sometimes it's because they are moving on up in the world. Many of them are buying a site built home, or a mobile home on land. This is a big step up from owning a mobile home in a mobile home park where they just rent the land. Many for the first time in their lives, are about to become land owners. They just need someone like me to come in and buy their home for cash so they have enough for a down payment on their new dream home. I gotta admit, that is really cool to see.

 I've also had deals where I financed the home when I sold it. Over the last year I've had half a dozen people who have paid off their loan to me early. Many of them have moved on to buying a mobile home on private land. It's a really satisfying feeling to know I got to watch someone change their life for the better. Most of them had never owned a home when they bought one from me. And now they were buying land as well. This isn't something that took decades. Most of them did it within 4 or 5 years.

 But with the happy stories, there are sad ones as well. Death is a big factor in many of the sales I'm involved in. I've bought many homes from grieving spouses or family members. And I've bought many homes from people who know that death is coming soon and they need to prepare. But those stories I'll get into next time. Who knew that some postcards saying We buy mobile homes in Austin Texas would lead to such things?

I'll try to blog as much as I can on here on on my Carter Buys Mobile Homes site

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