Deals On Wheels. By: Lonnie Scruggs. How To Buy, Sell & Finance. Used Mobile Homes For. Big Profit$ And. Ca$h Flow. Learn How To Put Your Money To. Deals on Wheels has 15 ratings and 2 reviews. Joey said: I Deals on Wheels: How To Buy Sell, and Finance Used Mobile Homes for Big Lonnie Scruggs. Deals on Wheels has 20 ratings and 0 reviews. If you’re tired of Deals on Wheels: How to Buy, Sell & Finance Used Mobile Homes for Big Lonnie Scruggs.

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Ferguson rated it it was amazing Dec 04, Steven Hoffer rated it liked it Jun 22, There’s a problem loading this menu right now. Our customers rely on our monthly emailed newsletters and our clients rely on both the newsletter and the client alerts we send out also via email, just as we rely on two very pricy daily feeds intended for regulatory attorneys to help us stay on top of the issues. We have taught over Lonnie Dealers how to modify their programs to achieve legal operations in the last two years.

I wish this lonniie would be updated although Lonnie may still be using the same techniques that he writes about in the book.

Lonnie Scruggs – Deals on Wheels

Clent Holmes marked it as to-read Jan 25, You have a message. Customers who bought this item also bought. You dont want to create a business model that you foreclose on your buyers every couple of years and get a new buyer in there only to foreclose on him down the road.

Another point is that you probably won’t find an institutional insured lender getting involved as they won’t be insured, advice by your originator may be fine but don’t expect them to squeeze the note for you.

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Lonnie Scruggs – Deals on Wheels

Roger L Cass rated it it was amazing Dec 12, As a land lease community ownermy preference is for multi sectional homes for a buy and hold strategy. Good to see you in the forums Ken! I am still looking for 5k ecruggs even 20k mobiles that I can sell for 2x, 3x or even 4x the purchase price because they are owner financed to the buyer.


United States of America. Caleb marked it as to-read Feb 12, While the original path of scruvgs, fix, lease and or sell and finance may be accomplished, how things are done must be modified, some cases requires drastic modification. As Ken mentioned, every deal is different, every loan is different, the collateral and contract will be different and local attitudes will play on how dwals are done.

If you do not have a qualified law firm or specialty consulting firm helping you, whatever you are doing is probably illegal. John marked it as to-read Jun 15, Houman marked it as to-read Jul 16, Pablo Simmonds rated it liked it May hweels, What would you do with them?

Lonnie Scruggs’ Deals on Wheels: Are Mobile Home Flips Good For You?

There is a void that needs filling, step in the real estate investor. I did some of those deals. This book has everything you need to generate cashflow using moble homes. What works dwals the Rio Grande Valley of Texas does not work in Dallas, and the same is true in most other states.

When it came to doing deals on mobile homes, this guy knew what he was doing. When you do more than 1 owner finance to an owner occupant it is NOT illegal, you just have to deale more and stricter regulations and guidelines. Amazon Advertising Find, attract, and engage customers. Investors doing deals need to go much further than ensuring their buyer can fog a mirror. Books by Lonnie Scruggs.

A financing contract, even if made for a business purpose, may be classified as a residential loan by the nature of the collateral, the intended outcome or initial intent, and in some questions it comes down to is this more like a donkey or a zebra, it may go either way. Reid added it Oct 15, Alisa rated it liked it Jan 14, Full Name Use your lohnie name.


It’s not that seller financing can’t be accomplished, but that it can’t be done in compliance following the most popular deal structures of the past, “Lonnie Deals” were specifically mentioned in the original Dodd-Frank Act in the context of predatory dealing.

Bob Smith is currently desls it Oct 13, This book is written so even a 5th grader could read and understand this book. I would start with a singlewide in good condition year or newer just to get comfortable with the process. All right, guys, there you have it—the skinny on Lonnie Scruggs and mobile home real estate investing and the Lonnie Deal. These types of assessments really should not be attempted by untrained or inexperienced finance types, “investors” are often influenced by misinformation, folklore by those doing something dewls as Ken pointed out, all real estate is local and that holds true, to some olnnie, in financing.

Down to earth, inspirational, and to the main points.

John Arendsen brings up an interesting preference for multi-section mobile homes versus singlewides. Kindle Edition Verified Purchase.

Return to Book Page. Brian Tubbs marked it as to-read Nov 25, ComiXology Thousands of Digital Comics. Overall this is an excellent book.

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I would also be dealing with a larger purchase price and a larger amount to finance pn the customer which, without owning the land lease community creates too great a risk in my opinion. I agree that there are many people writing about why you can’t do seller finance utilizing the methods of the past and still be legal.

We have found a solution for Lonnie Dealers that even Lonnie’s daughter is using. Jared Work added it Dec 05,