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Updated about 7 hours ago,
Mobile Home flip update
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