Mobile Home Rental

[Mike Hodges]

Investment Info:

Mobile home buy & hold investment.

Purchase price: $40,000
Cash invested: $65,000

Purchased this 2 bedroom, 2 bath mobile home on a 2 acre lot with well and septic. The seller was moving out of state and needed to sell. After making the improvements to the property, it generates $995 per month in cash flow.

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

The return of cash on cash is really high.

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

This deal was referred by a friend