Fixer Mobile Home in Hemet

[Joe Homs]

Investment Info:

Mobile home fix & flip investment.

Purchase price: $95,000
Cash invested: $40,000
Sale price: $180,000

Contributors:
Alex Barnett

Welcome Home! Stunning remodeled 2 bedroom, 2 bath manufactured home in Sierra Dawn Estates, the highly sought-after 55+ community in Hemet, CA. The black and white modern farmhouse styled mobile home is freshly painted outside and pops with a Caribbean blue double door that opens up to a spacious 1100 sq ft of interior living space. The home boasts a large open living room with new double pain windows. The modern styled dining room area overlooks a beautifully renovated kitchen, refinished countertops, brand new appliances, drop-in farm style sink, classic subway tiles and breakfast bar. Primary room is light and bright with 2 closets for plenty storage space. The attached bathroom has newly surfaced sink with luxurious styled oversized mirror complete with a rainfall shower head. Guest room and guest bathroom are just as gorgeous as the main bedroom. All new ceiling fans throughout the home to keep the home well-lit and nice and cool. The laundry nook at the back of the kitchen has W/D hookups and extra shelving storage. New luxury vinyl waterproof plank flooring throughout. Stay comfortable all year with central AC & heating with new controller along with 2 separate swamp coolers in the dining and living room areas. The attached carport can fit at least 2 cars. There is a newly painted storage shed for all your tools and toys in the backyard area. The new landscaped front and back yards are lined with freshly trimmed fruit trees, rose bushes & succulents. Must see in person! No space rent! You own the land on this home and pay low HOA and low taxes! $122 for HOA gives you FRONTIER CABLE, 4 Community Centers, 4 pools, Exercise Room, Arts N Crafts, Doggie Park, Club House for events. Walking Score on this home is amazing with Shopping Plazas Galore, multiple local parks, Local Fishing Lakes, Bike & Hiking Trails, Close to renovated Downtown Hemet, Museums, and more... Commuter Friendly, located by 74 Hwy / 79 Hwy

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

Own the land underneath the mobile

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

Wholesaling

How did you finance this deal?

Cash

How did you add value to the deal?

Full rehab

What was the outcome?

Awesome

Lessons learned? Challenges?

Changing market

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

Joe Homs