Mobile home fix & flip investment in Oakland.

[David Lao]

Investment Info:

Mobile home fix & flip investment in Oakland.

Purchase price: $335,815
Cash invested: $155,000
Sale price: $695,000

Fix and flip in Oakland, CA.

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

Area of expertise

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

Found on MLS, negotiated lower price by removing contingencies.

How did you finance this deal?

Hard money @ 9% INT & 2.5% origination fees

How did you add value to the deal?

Full rehab

What was the outcome?

Profit

Lessons learned? Challenges?

Mobile home requires more attention on the resale side