The Flooded Manufactured Rehab Project

[Meaghann Valencia]

Investment Info:

Mobile home fix & flip investment.

Purchase price: $80,000
Cash invested: $19,500
Sale price: $155,000

Manufactured home with good bones and needed updating and new sub flooring. Amenities on the lot were valuable such as RV port.

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

The condition was very poor but the overall feeling of the home was sound with quality upgrades from previous years. However, previous homeowner let the property go and remain vacant for years.

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

MLS. Time and condition was our negotiation power. The condition of the property detoured everyone else and we had time to wait for the seller to understand it's true overall poor condition.

How did you finance this deal?

cash.

How did you add value to the deal?

Comparable MLS properties.

What was the outcome?

Overall very well. We listed on the MLS and received multiple offers within the first week.

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

I am a real estate agent so it was a win win for the overall endeavor. So I highly recommend myself!