Updated over 2 years ago on . Most recent reply
Mobile Home Park
Investment Info:
Mobile home buy & hold investment.
Purchase price: $230,000
Cash invested: $30,000
Four mobile homes on a high density zoned 2 acre property.
What made you interested in investing in this type of deal?
Bought with cash flow and below market value. Very high potential for development in the future due to favorable zoning,
How did you find this deal and how did you negotiate it?
On Zillow, paid asking price.
How did you finance this deal?
Private money lender & personal cash.
How did you add value to the deal?
Updated well and septic.
What was the outcome?
Positive.