Mobile home on .3 Acres

[Melissa S Vrobel]

Investment Info:

Other buy & hold investment in Lagrange.

Purchase price: $25,000
Cash invested: $25,000

Hi all,

I couldn't not invest in some real estate. I found .3 Acre lot with an old mobile home on it. I plan on clearing the lot and either renting the lot or putting a duplex or SF home on it to rent. Will update you later!

So I am going to rehab the trailer... First for me but the used and new market for mobile homes is INSANE. I am having fun and taking my time doing much of it myself. The question remains... Sell, STR or LTR... Decisions, decisions

What made you interested in investing in this type of deal?

Looking for land and found this jem with .3 acres in La Grange with Henry County location (i.e. Lower taxes but great schools)

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Rebuilding from the inside/out

What was the outcome?

TBD

Lessons learned? Challenges?

Finding a contractor is very difficult. Finding a full time Contractor is impossible.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the real estate agent. No lenders. Don't plan on having debt against this.