Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

8
Posts
1
Votes
Lance Conyers
  • Flipper/Rehabber
  • North Port, FL
1
Votes |
8
Posts

Should I flip a modular home in a 55+ community

Lance Conyers
  • Flipper/Rehabber
  • North Port, FL
Posted

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?

Loading replies...