Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 hours ago,

User Stats

22
Posts
9
Votes
Jonathan Buelow
Pro Member
  • Rental Property Investor
  • Wisconsin
9
Votes |
22
Posts

Mobile Home flip update

Jonathan Buelow
Pro Member
  • Rental Property Investor
  • Wisconsin
Posted

Investment Info:

Mobile home fix & flip investment in Mattawan.

Cash invested: $18,000
Sale price: $32,000

'69 trailer fix and flip
New flooring in kitchen
Added AC
New windows
Added Garage
New interior panels
Bathroom reno

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

It was free so worse came to worse I would break even

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

Off-Market: I was working for a storage facility and the owner needed help removing his stuff because he was moving

How did you finance this deal?

Personal loan for renovations

How did you add value to the deal?

New flooring in kitchen
Added AC
New windows
Added Garage
New interior panels
Bathroom reno

What was the outcome?

Learned a lot and came out with $14,000 in my pocket

Lessons learned? Challenges?

With the property being so old it came with a lot of weird ways of doing things which took a lot of creativity.

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

No

  • Jonathan Buelow