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Updated about 5 years ago,
Should I flip a modular home in a 55+ community
I have an offer to purchase a 1988 modular home in a 55+ community in Florida for $16000. It needs a new roof, a wall knocked down in the kitchen (to give it an open concept), paint inside and outside, new flooring and kitchen appliances. I estimated repair cost at $15000 with me doing all the repairs. The sell cost should be around $60000ish. I will have to pay a lot fee of $600 a month till it sells. The sell has to go through the park as I will not be able to sell it so im not sure what the commission for the salesman would be.
Would this be worth the investment?