First Financed Mobile Home deal - 14k Profit
Hi all,
Sharing my second completed success story, hopefully to build credibility to the private money investors that use this site.
Anyways, ripe old age of 23 and recent college graduate. I've been working with John Fedro, and secured my first deal. For anyone that hasn't heard of him, he's the man.
Anyways, purchased a 4/1 mobile home in a park for 5k. After all fees and holding costs to sell, I had 6k in the home total. I literally did nothing to the home other than pick up the trash in the yard, put a sign in the window, and market the home. I had a buyer in the home in three weeks for 1000 dollars down and 315/month for 60 months. The total comes to 19,900. Passive income, and no headaches that come with a rental.
Looking to raise cash to buy many more of these. I can pay 8%.