First One (late to the party)

[Michael McDowell]

Investment Info:

Mobile home buy & hold investment.

Purchase price: $10,000
Cash invested: $10,000

Land lease $535
Taxes $500
Rent $1400

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

Listening to Bigger Pockets since day 1

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

Friends. Persuasion.

How did you finance this deal?

Cash

How did you add value to the deal?

Haven't yet

What was the outcome?

Cash Flow almost $400

Lessons learned? Challenges?

This is the way!

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

No