Lake Gaston Waterfront

[Alan Carita]

Investment Info:

Mobile home buy & hold investment in Littleton.

Purchase price: $305,000
Cash invested: $75,000

Lake Gaston waterfront property with an amazing boat house complete with bar. Originally purchased as a vacation home.

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

Lake Gaston is a popular destination being under an hour and a half from Raleigh. We knew we would get lots of personal enjoyment from the property and plan to rent it in the future.

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

MLS and friends

How did you finance this deal?

Traditional mortgage as second home, 20% down

How did you add value to the deal?

Constructed a new boat house in 2019.