1005 Saint Johns St, Walla Walla, WA
Investment Info:
Mobile home fix & flip investment in Walla Walla.
Purchase price: $85,000
Cash invested: $15,000
Sale price: $149,900
Second Flip: I had just moved to Walla Walla, WA interning for a tech company. I bought this with partners (no money of my own), and did all the work will I wasn't interning. Then we sold and I made about 10k off the deal after all sale costs and splits with partners.
What made you interested in investing in this type of deal?
I didn't having a paying internship, so I wanted something I could work on on my time and could make some money doing
How did you find this deal and how did you negotiate it?
Found this deal as a foreclosure
How did you finance this deal?
two partners that each got a third of the profit.
How did you add value to the deal?
A simple yet complete renovation.
Lessons learned? Challenges?
Here is where I started really learn construction from plumbing to electrical to framing to drywalling etc.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, on the sale.
