Mobile Home flip in Maine

[Joe Van]

Investment Info:

Mobile home fix & flip investment.

Purchase price: $55,000
Cash invested: $55,000
Sale price: $69,500

Single wide mobile home project. Purchased the land with a '69 mobil home on it. Gave that mobile home away for free. Purchased a newer mobile home, moved it onto the property, did some minor reno work and sold.

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

Found the land and trailer on FB

How did you finance this deal?

all cash

How did you add value to the deal?

removed the older MH and moved in a newer renovated one.

Lessons learned? Challenges?

Need to lower my finishing standards in the mobile home market