I just closed on a Mobile home i have sold for the second time.
I purchased the home 3 years ago, fixed it and sold it on a contract. I made about 6K over the last couple years owning it. and i just sold the home again for another 14K. That is on a contract and the buyer is paying me a 12% note for the next 9 years. Over that time i should almost double my selling price.
These have been good investments for me, I've been able to generate a great monthly cashflow in a very short amount of time and also with very little money. They don't cost much to fix up and I collect down payments so I don't have much money left in each one when they sell.
I have a 2 more that are selling next week and away we go. I am really pushing this year to hone in on the 25/1 strategy. I'm excited to follow deans advice on this being a great buy fix and sell year.
Keep moving forward, you will reach your goals if your constantly working on them.
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I always say Keep Moving Forward! Never Give Up On Your Dreams!
As Matt Larsen says "Feed the Need" - Edge 2013
Follow my daily investing journal and read about the deals I've done and am working on at:
I just closed on a Mobile home i have sold for the second time.
I purchased the home 3 years ago, fixed it and sold it on a contract. I made about 6K over the last couple years owning it. and i just sold the home again for another 14K. That is on a contract and the buyer is paying me a 12% note for the next 9 years. Over that time i should almost double my selling price.
These have been good investments for me, I've been able to generate a great monthly cashflow in a very short amount of time and also with very little money. They don't cost much to fix up and I collect down payments so I don't have much money left in each one when they sell.
I have a 2 more that are selling next week and away we go. I am really pushing this year to hone in on the 25/1 strategy. I'm excited to follow deans advice on this being a great buy fix and sell year.
Keep moving forward, you will reach your goals if your constantly working on them.
I always say Keep Moving Forward! Never Give Up On Your Dreams!
As Matt Larsen says "Feed the Need" - Edge 2013
Follow my daily investing journal and read about the deals I've done and am working on at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/117493...