Fast tuning or flipping real estate for a hefty profit has been over glorified in recent years by the main stream media. In recent discussions with over a hundred newbie real estate investors I have learned that “flipping” residential real estate is often times taught to death. Many investors think they know all there is to know about fast-turn investing.
The typical scenario being something to the end effect of:
1. Find a motivated seller of a property with equity
2. Purchase and close on the property
3. Make all necessary repairs
4. Sell property for substantial profit
Below are two examples away from the norm. In both examples mobile homes were purchased and sold; no closing costs paid out, and no repairs were made.
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- John Fedro
Above is article I wrote for biggerpockets.com (An amazing site for everything real estate!)
Tags: lonnie deals, mobile home investing, used mobile homes for sale investing
Leave A Reply (3 comments So Far)
plasterer bristol
676 days ago
Wow, intresting that does seem like the right way to go with mobile homes…Fair play…..Simon
BB
678 days ago
Hell ya! I am investing in mobiles now and do all the repairs. I need to get onto your ways of thinking. No work is the way to go – Easy street right? lol thanks man, BB
drew d
680 days ago
Great article John! I have made tens of thousands of dollars off home just like those too. – Drew