Chris Koerner bought a rundown mobile home park in East Texas for $900,000, spent $840,000 fixing it up, and sold it two years later. He walks through exactly what he changed and what it sold for.
$900,000
$840,000
East Texas
Two years later
You see this ugly mobile home park right here? I paid 900 grand for this, invested 840 grand into it, and sold it for. I'll tell you at the end of this video, two years later, here's exactly how I did it. Number one, I was on some message boards, bigger pockets. Someone had talked about a mobile home park they inherited from their dad that they wanted to sell for 900 grand. This was a great price. I immediately got a contract, got in my truck, drove two hours to East Texas, met the seller, shook on a deal, and we had a deal. This park did have some problems. The roads were torn up. There was no street visibility. There wasn't much population.
