First rental property investment

[Jason P Gerke]

Investment Info:

Mobile home buy & hold investment in Yulee.

Purchase price: $90,000
Cash invested: $91,000

3 bedroom, 2 bath, double-wide mobile home with secondary, raised-ridged metal roof installed.
Very clean 1976 home with screened front and back porch. 8x10 shed and carport included
Located on .4 acres.

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

Seeking non-stock market investment option. Career change.

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

realtor.com
Used my local real estate agent.

How did you finance this deal?

cash

What was the outcome?

Currently renting for $1,400/month. Tenant takes care of electric, trash and lawn.