First Manufactured home flip

[Brad F.]

Investment Info:

Mobile home fix & flip investment.

Purchase price: $30,000
Cash invested: $138,000
Sale price: $199,000

This was my first manufactured home rehab. All the numbers checked out, and picking up a lot in Marion County for $30k was a great buy. We ended up with 10, 40-yard dumpsters to clean up the meth nest ensued around the previous single wide. From there the City of Jefferson is a very small city, that ended up firing the only planner they had mid-project. This caused great delay and mistakes regarding approvals. The city didn't even know where their water lines were. These added costs to my contractor made this deal very tight. Then the government shutdown happened which shut down the USDA loan funding. Closes March 6th!