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Updated 7 months ago on .
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First property I ever bought and turned into house hacking
Investment Info:
Mobile home other investment.
Purchase price: $101,000
Cash invested: $10,000
Sale price: $180,000
This was my first property I ever bought. It was an mobile home built in 1999. I lived in it for a few years but during that time I wanted to get into real-estate investing. So I started fixing it up a little. Then I eventually pulled the trigger and found another home and sold my first property
What made you interested in investing in this type of deal?
Well I wanted to buy a home and that was the only thing I found within my price range
How did you find this deal and how did you negotiate it?
I found this property on Zillow
How did you finance this deal?
I used an FHA loan with 3.5% down
How did you add value to the deal?
I put down lvp flooring throughout the home. I also add baseboards and crown molding
What was the outcome?
I sold the house for $180,000 and made a decent profit