fix and flip mobile home

[Robert Deets]

Investment Info:

Mobile home fix & flip investment.

Purchase price: $150,000
Cash invested: $5,000
Sale price: $200,000

We are currently working on the purchase of this property.

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

The price was right and the amount of rehab was minimal.

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

I found this by driving by and finding that it was for sale by owner.

How did you finance this deal?

We are still working on this

[Mike Fingleton]

Hey Robert, sounds like an interesting deal! Mobile homes can be great flips if you understand the demand in your market.. but a couple of things jump out. Your spread looks decent on paper $150K purchase with a $200K sale but with only $5K in rehab, I’d be asking what exactly needs to be done and if that’s truly enough to maximize value. Have you factored in holding costs, closing costs, and potential surprises? Even on light rehabs, things like soft flooring, outdated wiring, or hidden plumbing issues in mobile homes can eat into margins fast. Also, financing mobile homes can be tricky depending on whether it's on leased land or real property.. are you running into any lender hesitations? Curious, what’s your exit plan if the sale price doesn’t hit $200K? Are you open to renting it out, or is this strictly a flip?