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Updated over 3 years ago on .

Luke Myers's profile image
Luke Myers's profile image
Luke Myers
  • Member since Sep 15, 2019
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12
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6
Votes
Luke Myers's profile image
Luke Myers's profile image
Luke Myers
  • Member since Sep 15, 2019
Connect
Luke Myers
6
Votes |
12
Posts
Real Estate Deal Analysis & Advice

7 Mobile Homes w/ strong cash flow

Luke Myers
Posted

Investment Info:

Mobile home other investment in Dothan.

Purchase price: $75,000
Cash invested: $130,000

We took a cash out refinance/HELOC on our primary residence and purchased land that had 3 mobile homes on it. We fixed them up, and added 4 more. 6 out of 7 are fully rented and we'll remove one of the very old MH and replace it with something else. Cash flow is fantastic, and with the recent sale of our home - we now own this free and clear.

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