Mobile Home Adventure

[Joe Van]

Investment Info:

Mobile home buy & hold investment in Glenburn.

Purchase price: $54,000
Cash invested: $54,000

We did the entire project through FB marketplace. Found a piece of land at a great price, paid cash and closed quick to help out the seller. It had an older MH on it not worth fixing up but utility hook ups and pad were great. Posted the trailer for "Free" on FB and within a week it was hauled away = Someone got a home and we saved 5k worth of demo work. We bought another mobile home off FB from a couple needing to move and put it on the land, only needing some minor updating.

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

We kept hearing that mobile homes are great income generators.....so....let's give it a shot!

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

Everything was found and purchased and sold through FB marketplace.

How did you finance this deal?

cash

How did you add value to the deal?

Took separate, less valued pieces and put them together. The sum of the whole is worth more than the parts.

What was the outcome?

Currently screening tenants to achieve a rent to own 5-10yr goal.

Lessons learned? Challenges?

There's always a way.