In this episode of the Properties to Profit podcast, I dive deep into my experiences with mobile homes—an investment many real estate investors overlook. I share a recent deal involving a mobile home at 145 Bonner Ave in Newark, Ohio, where we turned a quick profit in under 60 days. I break down how we acquired the property, the challenges we faced, and the lessons learned along the way. From the unexpected issues during the VA inspection to the financial win despite lender fees, this episode highlights the pros and cons of investing in mobile homes, especially when considering factors like repair costs, mobile home park fees, and holding times.

You’ll also hear about why mobile homes can be a lucrative part of your investment portfolio, and I ask listeners: Would you consider investing in mobile homes? Tune in for key insights and to find out how this deal generated over $87,000 for my company.

Episode Highlights:

[0:00] - Introduction

[0:44] - Discussing the mobile home market and introducing a deal in Newark, Ohio.

[1:50] - Details of the property and the initial purchase price of $95,000.

[2:25] - Overcoming challenges with assigning the property and negotiating with a VA buyer.

[3:35] - The inspection process and repairs needed, including a new furnace.

[5:15] - Lessons from previous mobile home deals, including the risk of mobile home park fees.

[6:00] - Breaking down the $87,000 profit from this deal in under 60 days.

[6:54] - Considering whether mobile homes are a good investment—pros, cons, and potential profits.

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