Got a full price offer on my latest project in less than 48 hours! 20 Aggie Way, Franklinton, NC 27525 | Zillow This was a really fun one. I met an investor that was going to buy a MH from me and I was just going to be the dealer, but he asked if I'd be open to partnering. The agreement was I run the project and he'd pay for it. Total Cost- $216,453 Land- $42K + closing costs Home- $84K Clearing, Grading, Well and Septic, Footers and Install- $46,660 Brick Skirting- $7500 HVAC, plumbing, electrical, front porch & Back deck, driveway, labor, materials- $26,293 GC Fee- $10,000 Under Contract at $300,000 5% realtor commissions + closing costs Roughly a $67K profit I was lucky enough to have an investor that could do this one all cash, so no financing or holding costs which makes the numbers look better. We also hit a 2 month delay this past winter with all the snow and ice we got, so we actually were a little behind schedule. It goes to show that doing deals in the winter does get a little unpredictable. Us North Carolina folk don't know how to handle sub 30 degree weather or any snow and ice, so literally nothing got done for about 2 months. Had we had lender fees, that would've hurt, but that is the risk we take by doing deals in the middle of the winter, and is something that we need to plan for as investors. Overall, incredibly happy with how this deal turned out!