10-Unit Mobile Home Park

[Kim Warren-Page]

Investment Info:

Other buy & hold investment.

Purchase price: $165,500
Cash invested: $38,000

This is a 10-unit mobile home park with space for 3-4 more mobile homes.

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

Looking for cash flow to live off of... My husband and I ran a plumbing company in 2016. Lots of long hours and stress, so we were looking to change our lifestyle to spend more time with our six children.

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

I found this deal through my real estate agent, who was a friend of mine since middle school.

How did you finance this deal?

I financed this deal with a 20% down loan from a small, local bank.

How did you add value to the deal?

We added septic, water, and electricity to two lots that had mobile homes on the lots.