All Forum Posts by: Jonathan Buelow

I currently have 100% equity on a '69 Mobile home worth about 15k(complete guess) at a park and have about 15-20k in the bank. I have been aggressively watching videos and doing research but only for a couple of months, so my knowledge is still minimal. These are a few of the options I have come up with and would like to get some feedback on:

Option 1: Continue living in the mobile home and using my money and a Cash-out Refinance as a down payment on a du-quadplex.

Option 2: Use Cash-out refinancing to remodel and flip the trailer, then house hack a du-quadplex.

I am leaning toward option 1 because my utilities and lot fee combined are cheaper than rent in my area. The thought is if I house-hacked I would be taking away from my potential income. Sadly, the park does not allow renting so I would have to sell the trailer if I choose the house-hack route.

I realize these aren't the only 2 options so I am open to suggestions and would love to hear others' opinions.

Investment Info:

Mobile home fix & flip investment in Mattawan.

Cash invested: $400

'69 Mobile home, 2Bed/1Bath single wide.

What made you interested in investing in this type of deal?

I got the Trailer for free

How did you find this deal and how did you negotiate it?

Connected through my employer.

How did you finance this deal?

N/A

How did you add value to the deal?

Remodelling the trailer.