All Forum Posts by: Meaghann Valencia

We used the 14mm 24hr waterproof LVT from Sam's club. Nice to install and has a 2mm padding underneath so you don't have to buy additional product. The flooring is $2.19/sf which is fits right into our budget. Sometimes they even have it go on sale for $1.30sf. 

Investment Info:

Mobile home fix & flip investment.

Purchase price: $32,000
Cash invested: $22,000
Sale price: $155,000

Vacant and abandoned manufactured home located in a 55+ community, inherited by 13 separate parties.

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

The sellers came to me not knowing what to do with their home. Upon entering I knew immediately it would have a hard time selling on the open market. There was vandalism throughout the property and sellers were not local so they had zero interest in investing any money to increase the homes value. This home needed to have it's "life" put back into it. You could tell the home was well loved at one point but that it had simply been forgotten about by this who inherited it.

How did you finance this deal?

Cash.

How did you add value to the deal?

MLS comparable and public record.

What was the outcome?

We gutted the property from top to bottom with all new plumbing, and electrical. It turned out beautiful. Waterproof flooring, apoxy countertops, new appliances and vanities. Even the landscaping. It looked like a home again.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself being the real estate agent - which is fabulous!

Investment Info:

Mobile home fix & flip investment.

Purchase price: $80,000
Cash invested: $19,500
Sale price: $155,000

Manufactured home with good bones and needed updating and new sub flooring. Amenities on the lot were valuable such as RV port.

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

The condition was very poor but the overall feeling of the home was sound with quality upgrades from previous years. However, previous homeowner let the property go and remain vacant for years.

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

MLS. Time and condition was our negotiation power. The condition of the property detoured everyone else and we had time to wait for the seller to understand it's true overall poor condition.

How did you finance this deal?

cash.

How did you add value to the deal?

Comparable MLS properties.

What was the outcome?

Overall very well. We listed on the MLS and received multiple offers within the first week.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a real estate agent so it was a win win for the overall endeavor. So I highly recommend myself!