Mobile Home Number Two

[Lance A White]

Investment Info:

Mobile home buy & hold investment.

Purchase price: $1

This mobile home will need a lot of work and will rent for around $700/month. Sorry the pics are sideways.

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

It was cheap

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

Talked to to manager of a mobile home park and told them we wanted to buy several homes.

How did you finance this deal?

Pulled a dollar out of my pocket.

How did you add value to the deal?

We will renovate it for a new tenant.

What was the outcome?

Just getting started.

Lessons learned? Challenges?

I'm sure there will be many.

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

No.