Mobile Home Quick Flip

[Nathan P.]

Investment Info:

Mobile home wholesale investment in Farr West.

Purchase price: $8,000
Cash invested: $8,000
Sale price: $15,000

1995 Mobile Home

Seller was in a distressed situtation because they were paying lot rent on a vacant home.

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

Originally nothing. When the owner called me and asked if I deal in mobile homes I actually said no. But when I realized his distress I thought there might be opportunity

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

This was from a bandit sign. I simple gave the owner a number that I knew I couldnt lose on and I had walk away power.

How did you finance this deal?

Just paid cash out of pocket 8K

How did you add value to the deal?

I didnt even change a light bulb

What was the outcome?

A really quick profit and a happy new owner

Lessons learned? Challenges?

Dont be to eager to sell take your time and get some numbers.

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

No