First mobile home purchase

[Lyria Hill]

Investment Info:

Mobile home fix & flip investment in Greensboro.

Rehabbed a 2 bedroom 1 bath 1984 Oakwood.

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

To provide clean, safe and affordable housing to my community.

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

I called the mobile home community and ask if any homes were available under $5,000.00.

How did you finance this deal?

I obtained investors.

How did you add value to the deal?

I replaced old windows, added new insulation and drywall, spruced up outside of home, planted flowers and plants, replaced inner doors, power washed exterior, put kool sealant on roof, purchased window AC, added baseboard heating, and painted interior.

What was the outcome?

Home is now up for sale

Lessons learned? Challenges?

Get experienced handyman, plumber and electrician. Vet them all. A person is only as good as their word. Having integrity is vital. Some people talk a good game but their actions show differently.

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

No.