Updated almost 3 years ago on . Most recent reply
Mobile Home Queen!!!!!
Investment Info:
Mobile home fix & flip investment.
Purchase price: $33,500
Cash invested: $10,000
I purchased a mobile home on a rented lot and moved it to a lot I purchased using a wholesale contact. I just got the bid for repairs and they should start shortly. My plan is to renovate and sell to an owner occupant.
What made you interested in investing in this type of deal?
This is my first investment deal and it kind of fell into my lap and the numbers made sense.
How did you find this deal and how did you negotiate it?
I found it through a client that was not interested himself. The numbers made sense at the asking price.
How did you finance this deal?
I paid cash.