First Wholetail: took title, did nothing, sold for 20k profit.
Investment Info:
Mobile home fix & flip investment.
Purchase price: $25,000
Sale price: $45,000
Super easy wholetail flip. Could have doubled margin if I wanted to hold onto the property for 1 week longer but I had other priorities (vacation).
What made you interested in investing in this type of deal?
Seller had motivation and was willing to give me a deal.
How did you find this deal and how did you negotiate it?
Google Ads. Kept negotiations fair, purely based off the math as always.
How did you finance this deal?
No financing.
How did you add value to the deal?
I bought the seller's home quickly because he needed the money.
What was the outcome?
Provided value through speed and certainty.
Lessons learned? Challenges?
Don't sell on Facebook marketplace unless you absolutely want to and are willing to give up margin. After I sold it on FB Marketplace for 45k, I got a message from a Realtor with a buyer offering 65K, as-is...
Doesn't matter if you're in a 5-star hotel, 47 floors up, in the heart of Tokyo, that 65K offer still stung a little. Lol.