I truly don’t see anything, but I need to do due diligence and make sure for the sake of the client.
She has a 1988 Cavco 3/2 single wide. I think its 16x70 and she owes $16,000!
She had it L2O and the person moved out. By the time she found out she moved, someone removed all the copper and plumbing.
The insurance has refused to pay because they believe the tennant did the damage. I spoke with the tennant and she is willing to pay up to $6,000 in repairs.
The mobile needs everything. Carpet, paint, holes repaired, plumbing etc.
Again, I see nothing, but deep down would like to make it work for the client. Any ideas is appreciated.
A 1988 single wide is worth just about nothing. Subtract the cost of the repairs and you will get the price you can sell it for.
I don’t even think an '88 is financable.
Is it on it’s own land? I will pay full market price for the land if it is attractive land and it comes with a mobile all set up and in rentable condition. I know I am not the only one who will do so.
So if it is on land, and if she cleans it up, she should be able to get whatever the land is worth.
If it is in a park, the only thing I can suggest is to get Lonnie Scraggs book Deals On Wheels, and maybe figure out a way to do a Lonnie deal with the mobile.
Tell her to have the plumbing replaced with PEX and not copper. It will be a lot cheaper, faster, and it is theft-proof.