One of the good ones passed away to day. Lonnie Scruggs was real estate investing instructor who wrote books on mobile home investing. He was famous for “Lonnie Deals.” This is buying an inexpensive mobile home and selling it at a big profit with owner financing. I am somewhat anti-guru because of the tremendous hype and lack of real information many provide. However Lonnie was down to earth and gave great information. Even John Reed who is known for bashing just about all gurus gave Lonnie his seal of approval. Rest in Peace Lonnie.
RIP Lonnie Scruggs
April 16th, 2013 · 5 Comments
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5 responses so far ↓
1 Rory // Apr 28, 2013 at 1:08 am
I was introduced to Lonnie Scruggs in 1990/1991 don’t remember which. He was very willing to share. I am sadden by his passing.
2 Ned // May 1, 2013 at 3:22 am
Thanks for reading and the comment Rory.
3 Jackie (1 comments.) // Jun 28, 2013 at 1:20 am
Hey Ned, its sad to know about Lonnie Scrugs. His books on mobile homes were just incredibly nice. Thanks for sharing about him.
4 Aurelia Palmer // Aug 6, 2013 at 4:18 am
He was a good man. It’s sad but he will be remembered for his works.
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5 Mark @ mortgagesbymark.com (2 comments.) // Jan 13, 2014 at 1:24 am
Bum deal! I had no idea he passed away. I bought and read his book on mobile home investing a while back. Seemed like a really neat, down to earth kind of guy.
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