Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago, 10/11/2017
Advise on how to turn a mobile home lead to profits
Hello BP,
I am a Los Angeles investor and first time I get approach with what looks to be a good deal, a material home (mobile home) located in lake hudges California. My question is how can I evaluate this deal to determine if is a good deal. According to the seller they estimate this home to be value at about $85k, and they are desperately looking to get cash at $40k.
Any advise on how I can look at this deal, evaluate and determine if this is a deal. Given is a mobile home not sure how to derive to ARV and or look at compatibles for an assessment. Any advise well appreciated