Lonnie Scruggs was born and raised in Virginia.  For 35 years he has owned, rented, managed and maintained his own rental properties.  After exhaustion from landlording, Lonnie began selling off his properties and started buying discounted notes and mortgages.  This wasn’t easy and he developed a way to make his own buying, selling and financing used mobile homes work for him.  He found he had little competition and was now earning high yields.  Lonnie shares his information and experience in two books entitled, Deals on Wheels and Making Money with Mobile Homes.  He has taught many people all over the country how to create their own mobile home money machine.

He has recently authored a new book called, Taking the Mystery Out of Money.  This book teaches you what you may never have learned in school about money and financing.  In his most recent book you can expect to learn about Lonnie Scruggs personal experiences, his first deal, how to work with park owners/managers, how to finance and some of the buyers biggest concerns.  He will share information on how to make the best profits by teaching you the ins and outs of how much to pay and how much to sell for, understanding a quick flip, how to find your mobile homes, understanding and using classified ads, buying from private sellers, running your own ads, bulletin boards, best source of leads, deadlines in your offers, looking in “bad” parks, new homes vs. used homes, working with dealers, what to look for, negotiating the price, the “squirrel dog technique”, interest, the sales contract, selling “as is” and understanding the truth in lending statement, promissory notes, insurance and personal property taxes, title transfer, dealer regulations, and tax ramifications.  Along with all of this Lonnie teaches a bit about lease/options and record keeping. He offers some excellent forms in his appendix and lots of sound advise.  Lonnie is one of the most respected national instructors on the topic of making money in used mobile home business.  His instruction focuses on making money with mobile homes but these principles have been proven applicable in many kinds of real estate investment.