Mobile home fix & flip investment in Oakland.
Investment Info:
Mobile home fix & flip investment in Oakland.
Purchase price: $335,815
Cash invested: $155,000
Sale price: $695,000
Fix and flip in Oakland, CA.
What made you interested in investing in this type of deal?
Area of expertise
How did you find this deal and how did you negotiate it?
Found on MLS, negotiated lower price by removing contingencies.
How did you finance this deal?
Hard money @ 9% INT & 2.5% origination fees
How did you add value to the deal?
Full rehab
What was the outcome?
Profit
Lessons learned? Challenges?
Mobile home requires more attention on the resale side