$40K Needed/MobileHome Luxury Flip Nearly Done/Florida 25% Return Strong Collateral

[David Gil]

Hey BP community,

I'm David Gil, Florida Licensed General Contractor and CEO of Magnificent Development LLC based in Clearwater, FL. I'm looking for a private lender for a nearly complete mobile home luxury flip in Oak Crest, a gated 55+ community in Largo, FL — minutes from Clearwater Beach.

The Numbers:

• Purchase Price: $8,000
• New TPO Roof Already Installed: $7,000
• Finishing Capital Needed: $40,000
• Total All-In: ~$55,000
• Target Sale Price: $100,000
• Investor Repayment: $50,000 within 3–6 months
• Investor Return: $10,000 profit (25% return)

Current Status:

• ✅ Owned free and clear
• ✅ Brand new TPO roof installed
• ✅ Interior fully painted
• 🔲 Flooring, cabinets, and deck remaining

What the Finishing Budget Covers:

• Premium flooring throughout
• Custom cabinetry kitchen and bathrooms
• Outdoor deck and screen porch
• Luxury fixtures and lighting
• Final punch list and staging

The Property:

• 3 bed / 2 bath / ~2,000 SF
• Oak Crest Gated 55+ Community, 9925 Ulmerton Rd Largo FL 33771
• Zone X flood designation (no flood insurance required)
• Resort-style amenities — heated pool, clubhouse, shuffleboard
• 15 minutes to Clearwater Beach

Investor Security / Collateral Package:

• Security interest in the mobile home (owned free and clear, ~$55k already invested)
• 25% interest in Magnificent Development LLC until repayment
• Dump trailer (~$15,000 value)
• Boat & trailer package (~$15,000 value)
• Personal guarantee from David Gil

Photos:
Before photos are real current progress shots. After photos are professional design renderings showing the planned finish — I am a licensed GC and this is exactly how I execute.

Why This Deal Works:

Oak Crest is a highly desirable gated community near Clearwater Beach. Comparable renovated homes in the community are listed up to $108,000. At a $100,000 target sale price with $55,000 all-in, there is real equity cushion protecting the lender.

About Me:
Florida Licensed General Contractor. Existing supplier and labor relationships keeping costs controlled. This is my business — I build and flip, I don't guess.

Reach out here or directly:
David Gil | Magnificent Development LLC
📞 (727) 314-0164
📍 1710 Drew Street Unit 5, Clearwater FL