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Updated about 6 years ago,
Get mobile home for free
Investment Info:
Mobile home other investment.
Purchase price: $14,000
Cash invested: $500
5 acres with home, move the home to my park and sell the land for more than I paid for it. So I get a free Mobil home.
What made you interested in investing in this type of deal?
I found it to be the best way to fill my mobile home parks.
How did you find this deal and how did you negotiate it?
Wholesaler. I didn’t negotiate as the land is worth $30,000 alone.
How did you finance this deal?
Equity line
How did you add value to the deal?
Moved the home which I’ll rent for $700 and I may sell the land outright or do a lease option.
What was the outcome?
Increase my cash flow by $700 on the home and either cash or a few hundred in monthly payments on land.