Updated over 10 years ago on . Most recent reply
Need advice on advertised MH deal
I came across a mobile home on craigslist, which seems pretty good. I have attached a link to the ad below. The home is located in a family MH park. It is close to where I live, so I know it's in a very good area that is already familiar to me. The home is advertised as a fixer upper. I have not been to the home yet, but the pictures show a home with basic cosmetic work. I am thinking that I could do a live-in flip on this one. Perhaps do a Lonnie Deal (Dodd Frank friendly), upon completion of fix up I think that the home is reasonably priced, for it's condition and location. Once it's rehabbed, it could sell for twice or three times it's purchase price. Unfortunately, I do not have any way of funding such a purchase. Would any experienced investors have any ideas on how I could attempt to purchase this home using alternate means? Here is a link to the ad... https://orlando.craigslist.org/reo/5233909999.html
Any thoughts or ideas are appreciated.