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Updated about 2 years ago on . Most recent reply

User Stats

3
Posts
8
Votes
Micah Herrera
  • Columbus Ohio
8
Votes |
3
Posts

Mobile home flip summer between high school and college.

Micah Herrera
  • Columbus Ohio
Posted

I am currently a senior attending high school and a vocational school and am in the construction program(I know how to do some remodeling and have peers who would appreciate some work).  I want to get into RE and gain experience in the industry and entrepreneurial forays.  I have been considering buying a mobile home using traditional methods (i.e. motivated seller, value add potential) and rehab and flipping it.  I like mobile homes because they are cheaper, don't require loans, and are at a smaller scale and thus quicker.  I have around 15k cash saved up right now and work at a restaurant bussing tables making $80-140 a night, although I am not working very much right now as I play hockey for my school.  I talked with my parents and they are not really on board, although they have no experience and are not interested in real estate at all.  I want to see what more experienced people think about my plan and appreciate any and all feedback.

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