I love used travel trailers! You can make good money either way, flipping or leasing. Flipping brings sizable profits quickly; leasing brings you passive income, month after month and year after year.
"There’s a market for junk, so don’t pass on it too fast. Just make sure if you buy junk a suitable profit will be made."
Flip or lease?
If you flip a trailer—buy and sell—you need to know its value. If you lease a trailer you need to know the quality.
Find out about the condition of the trailer before driving to view it. A trailer you are looking to lease should have the least amount of damage or repairs needed. If you are flipping a trailer it doesn’t matter the condition, just be certain of the return it will bring.
There’s a market for junk, so don’t pass on it too fast. Just make sure if you buy junk a suitable profit will be made.
Appraisals—determining value
Flipping a trailer requires conducting an appraisal. You are determining the future value of the trailer; the value the future buyer will pay. The cheaper the better. QUALITY used trailers can be obtained for little to no money.
You can find trailers for $500 that can be resold within 24 hours for $1500 to $2000. I flipped one last week; got it for FREE, invested $29 and sold it 32 hours later for $3000. Read my blog “How to resell water damaged trailers for maximum profit.”
Inspections—determining quality
Leasing a trailer requires you determine its quality before you buy it. Know if the systems and services are working or not; this information reveals costs. Too many costs disqualify the trailer as a rental; it then becomes a “flip” unit. It’s OKAY to pay too much for quality but it’s a killer to pay too much for garbage.
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