Great Rehab Project for the Winter

[Account Closed]

Investment Info:

Mobile home buy & hold investment in Sierra Vista.

Purchase price: $50,000
Cash invested: $50,000

Will be a rehab and hold

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

This is a great rehab for the money. It is a mobile home that is not too old and purchase price includes the land. Great location for us being so close to elderly in-laws, a place for us to spend the winters, and property values have been increasing at a decent rate for a few years. Once we rehab the value will be well above market value.

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

We found this through personal connections, someone knew someone else that might want to sell.