Mobile Home Fix and Flip

[Robert Mahone]

Investment Info:

Mobile home fix & flip investment.

Purchase price: $12,500

Mobile home bought in a 55+ community, replaced the roof, all new flooring, brand new kitchen with granite countertops and freshly painted. Home is currently for sale in Jackson, NJ

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

Lower price point investment opportunity.

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

Property owner called me directly, business relationship created from past business deal.

How did you finance this deal?

Cash

How did you add value to the deal?

Installed new kitchen with granite countertop, new roof, new LVP flooring throughout, upgraded electric panel, and new paint.

What was the outcome?

Home is currently listed for sale on the local MLS

Lessons learned? Challenges?

Changing market has home listed longer than expected. 6 people at initial open house and 1 showing request since. Will update once sold.

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

I represented myself in this deal and listed the home after renovation.