Lake Mary FL Gated 55+ Win

[Michelle Richardson]

Investment Info:

Mobile home buy & hold investment.

Purchase price: $155,000
Cash invested: $39,000

Was able to pick up a manufactured home in a gated 55+ community in a very desirable location at a great price. Rehabbed the unit in 2 weeks, and had it rented immediately.

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

Price and Location

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

Always looking for deals.

How did you finance this deal?

Conventional

How did you add value to the deal?

Rehabbed the unit top to bottom.

What was the outcome?

Rented immediately for top dollar.

Lessons learned? Challenges?

Do more, BRRR