Manufactured Home flip!!!

[Nick Beveridge]

Investment Info:

Mobile home fix & flip investment in Post Falls.

Purchase price: $41,500
Cash invested: $5,000
Sale price: $88,000

We let the seller stay in the house for a few months before we did a cosmetic rehab on this one. Worked out great. Spend $10,000 more than planned on the reno but was able to sell for $18,000 more than planned.

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

Numbers worked for a flip!

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

Wholesaler

How did you finance this deal?

Private money partner

How did you add value to the deal?

Full cosmetic interior remodel

What was the outcome?

Great!

Lessons learned? Challenges?

This park only allowed owner occupants so we had to get permission in advance