First investment from commissions

[Nolan Andrews]

Investment Info:

Mobile home fix & flip investment.

Purchase price: $23,500
Cash invested: $25,000
Sale price: $39,500

Bought a mobile home cash with my first two commission checks. The woman had moved out and left me with tenants, all I had to fix was the well. Rented it out for $650/month for two years and sold it to another investor.

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

Wanted to use my commission money on an investment property and not something stupid

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

Facebook marketplace. Messaged "I'll take it"

How did you finance this deal?

Cash

How did you add value to the deal?

Marketed as an investment with little risk/long term tenants

What was the outcome?

Doubled my money

Lessons learned? Challenges?

Appliances break, and so do a lot of other things.

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

no