Zero Down Seller Financed MHP in a PRIME location

[Logan M.]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $600,000
Cash invested: $1,200

This mobile home park, which I found on Facebook, comprises nine mobile homes and a single-family home. It presents a lucrative investment opportunity with its recent growth in rental income. The monthly rental income has significantly increased from $5,900 to an impressive $12,000.

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

Mobile Home Parks are my specialty and this was also a zero-down purchase.

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

Facebook and directly with the owner.

How did you finance this deal?

Seller Financing

How did you add value to the deal?

Major clean-up, renovations, and increased rents.

What was the outcome?

We are months away from reaching close to the top of this communities potential.

Lessons learned? Challenges?

Don't be of figuring things out.

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

I represented myself.