First Manufactured Home Flip

[Grace Widdicombe]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $115,500
Cash invested: $120,000
Sale price: $155,000

Manufactured home on land

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

I like deals where I negotiate directly with the seller and close without a listing agent.

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

The seller found me from my website. Determined what the seller needed to get to where he wanted to be, and used cash upfront as an incentive.

How did you finance this deal?

Self-financed with a HELOC.

How did you add value to the deal?

I partnered with a GC who did all the work of repairing and replacing flooring, repairing and replacing trim, painting and hauling away trash.

What was the outcome?

It was a great first experience in partnering on a fix and flip. I sold it by just placing my sign in the yard.