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Updated over 9 years ago on . Most recent reply

User Stats

201
Posts
49
Votes
Orlando Paz
  • Investor in the making
  • Orlando, FL
49
Votes |
201
Posts

Need advice on advertised MH deal

Orlando Paz
  • Investor in the making
  • Orlando, FL
Posted

I came across a mobile home on craigslist, which seems pretty good. I have attached a link to the ad below. The home is located in a family MH park. It is close to where I live, so I know it's in a very good area that is already familiar to me. The home is advertised as a fixer upper. I have not been to the home yet, but the pictures show a home with basic cosmetic work. I am thinking that I could do a live-in flip on this one. Perhaps do a Lonnie Deal (Dodd Frank friendly), upon completion of fix up I think that the home is reasonably priced, for it's condition and location. Once it's rehabbed, it could sell for twice or three times it's purchase price. Unfortunately, I do not have any way of funding such a purchase. Would any experienced investors have any ideas on how I could attempt to purchase this home using alternate means?  Here is a link to the ad... https://orlando.craigslist.org/reo/5233909999.html

Any thoughts or ideas are appreciated.

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