First MHP Development & Sale

[Chris Barnhill]

Investment Info:

Mobile home other investment.

Purchase price: $130,000
Cash invested: $100,000
Sale price: $960,000

Acquired a partly built mobile home park, built it out and sold the lots and homes together.

What made you interested in investing in this type of deal?

Been in manufactured home sales and development all my life. I believe this is one of the most untapped business' in America.

How did you find this deal and how did you negotiate it?

Talking to a friend of ours about purchasing some vacant land.

How did you finance this deal?

Local bank.

How did you add value to the deal?

We built the community out, sold homes from our dealership and capitalized on the home and land.

What was the outcome?

Made HUGE Profits.

[Andrew Freed]

@Chris Barnhill - Am I reading that correctly? $960K sales price! If so, amazing work my friend. Now transition that money into some cash flowing assets.