Don't just trust, do your own due diligence!
Investment Info:
Mobile home private money loan investment in Blytheville.
Purchase price: $250,000
Cash invested: $250,000
34-lot mobile home park
What made you interested in investing in this type of deal?
For monthly passive income
How did you find this deal and how did you negotiate it?
Loan to partners to buy
How did you finance this deal?
Cash
How did you add value to the deal?
remodel old homes, invite more tenant
What was the outcome?
Not so good now
Lessons learned? Challenges?
Do due diligence carefully, don't trust
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I work with real estate investment coach / trainer and would not recommend to others!
Most Popular Reply
@Van Hai Nguyen - Sorry to hear that Van. I'm not sure how bad the situation is, where the property is, or if you even want / need help, but if you do, please feel free to either explain further in this forum or reach out directly. Best of luck. Due diligence is most definitely KEY to any investment, whether all by yourself, with partners, as a lender, equity partners, Limited Partners or heck even stocks! Again, sorry to hear it...