Advise on how to turn a mobile home lead to profits

[Cesar Espino]

Hello BP, I am a Los Angeles investor and first time I get approach with what looks to be a good deal, a material home (mobile home) located in lake hudges California. My question is how can I evaluate this deal to determine if is a good deal. According to the seller they estimate this home to be value at about $85k, and they are desperately looking to get cash at $40k. Any advise on how I can look at this deal, evaluate and determine if this is a deal. Given is a mobile home not sure how to derive to ARV and or look at compatibles for an assessment. Any advise well appreciated

[Troy Gravett]

check MH Village and other sources for comps and active listings, it’ll give you insight as to what it’s worth. As for exit strategies, you can fix n flip or sell on a note (seller financing, you are the bank). There is a great book on mobile homes called Deals on Wheels with some very creative strategies.