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Updated about 6 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
Michael Ware
0
Votes |
9
Posts

Seems to cheap too pass.Should I?

Michael Ware
Posted

Found a single wide mobile home for sale in a park. Owner has it for sale for 5500 but says she’ll sell to me for 2500. Park fee is 300.  Previous owners smokers, ceiling looks rotted and insulation is coming through 3 large spots but she says it’s been repaired. No carpet in master, floor is spongy, and shower walls show rot. Cupboards removed to install large fridge. Hard to find comps but I think arv would be between 7-10k. Should I run away? This is in Anderson ca 96007 flip or possible lease option? I have analysis paralysis. 

Most Popular Reply

User Stats

55
Posts
90
Votes
Jon Allen
  • Rental Property Investor
  • Bloomington, IL
90
Votes |
55
Posts
Jon Allen
  • Rental Property Investor
  • Bloomington, IL
Replied

Don’t know why you would touch that. Even if you got it for free it’s not worth your time.

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