Mobile homes in Florida

[Johnny Dubose]

Investment Info:

Mobile home buy & hold investment.

Purchase price: $50,000
Cash invested: $40,000

Two inexpensive properties I hold but get great rents.

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

Death in the family.

How did you finance this deal?

Cash

How did you add value to the deal?

Rehab of two units.

What was the outcome?

We have had steady rents since purchase.

Lessons learned? Challenges?

Qualifying renters, we have had a few that were nightmares, but in that market, it comes with the territory.