Updated almost 4 years ago on . Most recent reply
mobile home investing
Investment Info:
Mobile home fix & flip investment.
Cash invested: $35,000
Sale price: $45,000
we will either finance this home for 45k or rent it for 900 month
What made you interested in investing in this type of deal?
I understand mobile homes better than any other type
How did you find this deal and how did you negotiate it?
park manager, they gave it to me for free
How did you finance this deal?
cash only
How did you add value to the deal?
rehabbed the home
What was the outcome?
completed home ready for a tenant
Lessons learned? Challenges?
every home is a challenge, from the contractors to the money needed to pay them
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no