Here is a deal that I am working on, please give me some advice. This deal is a mobile home (MH) that is partially set up but was not finished so is not in livable condition. Has been on the market for almost 120 days with out much interest. The MH and lot are in a residential area with mostly stick built homes.
asking $70K (initial offer will be $30K)
Built in year 2000 and has 4 bdrm 2 bath and 1,000+ sq. ft
Option #1
move MH to a park, set it up and then sell for $45K+ cash, or lease option it
I am estimating moving cost of $3K - $5K
sell vacant lot for $45K+
Option #2
move MH to a park, set it up and then sell for $45K+ cash, or lease option it
maybe build a house and then sell (have not looked into this one much)
My question is what am I missing? Do you think it looks doable or should I let it go?:huh2:
Thanks in advance
asking $70K (initial offer will be $30K)
Built in year 2000 and has 4 bdrm 2 bath and 1,000+ sq. ft
Option #1
move MH to a park, set it up and then sell for $45K+ cash, or lease option it
I am estimating moving cost of $3K - $5K
sell vacant lot for $45K+
Option #2
move MH to a park, set it up and then sell for $45K+ cash, or lease option it
maybe build a house and then sell (have not looked into this one much)
My question is what am I missing? Do you think it looks doable or should I let it go?:huh2:
Thanks in advance
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
