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Updated about 6 years ago on . Most recent reply

User Stats

101
Posts
14
Votes
Tina Jenkins
14
Votes |
101
Posts

This was my 1st investment property.

Tina Jenkins
Posted

Investment Info:

Mobile home buy & hold investment.

Purchase price: $1,000
Cash invested: $3,000

1-1/4 acre Land and single wide trailer.

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

bought it at 1,000.00 in 1993 its worth 10,800 now

What was the outcome?

Still own this property trying to rent it out now.

Lessons learned? Challenges?

Do not rent to family or friends!

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

No

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