I havenāt shared a deal breakdown in a while, so I wanted to bring one back with a property I actually went out and saw in person. š Central Florida mobile home in a rental-friendly area.
š The Basics
⢠Mobile home
⢠Solid rental demand in the area
⢠Walked the property + spoke directly with neighbors (& discovered something I'd never expect)
š° The Numbers
Starting Bid: $35,000
Highest Seller Counter Iāve Seen: $110,000
Conservative ARV: ~$170,000
Estimated Rent: ~$1,500/month
At the right purchase price, this deal 100% works.
Max Bid Iād Be Comfortable With: $90,000
Hereās why š
Purchase Price: $90,000Renovation: $0(Minor clean-up only)Estimated Closing + Holding Costs: ~$15,000
ā”ļø Total All-In Cost: ~$105,000
Conservative Resale Value (ARV): ~$170,000
š Estimated Flip Profit
$170,000 ā $105,000 = ~$65,000
Thatās a $60K+ flip with:āļø No rehab riskāļø Faster turnaroundāļø No contractor headachesāļø Clean exit strategy
Mobile homes can be great cash-flow plays when bought right
ā ļø Why I Ultimately Passed
Hereās the part most people donāt talk about ā and why walking properties matters.
After speaking with the neighbors, I learned about some unfortunate events tied to the property (shared in this video). Nothing that changes the numbers⦠but something that personally didnāt align with the type of projects I want to be involved in. And this is an important lesson:
š A āgood dealā on paper doesnāt always mean itās the right deal for YOU.
Investing isnāt just about numbers ā itās also about:⢠Your risk tolerance⢠Your comfort level⢠Your long-term goals⢠What you want your portfolio to look like
Sometimes the smartest move is passing, even when the deal technically works.
š§ Key Takeaway
This property is a great example of why:
⢠Seeing properties in person matters
⢠Talking to neighbors matters
⢠Due diligence goes beyond spreadsheets
⢠Experience helps you say ānoā faster ā and with confidence