Personal residence question

[David Friesen]

Hello I’m a very new investor and am currently working on a house flip. I am 21 years old and am looking to marry my amazing girlfriend in the not so distant future. I’ve really been struggling about what to buy as our personal residence. We are considering a mobile home/trailer park home. In my opinion it will take less work to keep maintaining. I Also see it as saving a lot on furniture. I’m thinking it will keep my dept ratio much better too. In my market there is no duplex available and I also like the idea of my trailer home not being directly connected to my neighbours unit. If a duplex comes up it sells over 300000 all day. I understand there is park fees to be in a park but do the pros out weigh the cons. What things should I be considering in this deal 

[Ryan Howell]

Find a single family home with a walk-out basement (they are common in my area of Asheville, but not everywhere). I try to find them with a separate bathroom in the basement, to make it easier. Then you can renovate and make it into a 2 unit, rent out the basement to help your DTI. Be sure to buy in an area that allows 2 units. Also, if you want to add bedrooms, try to buy on sewer. Around here, multifamily is so hot, that a SF with basement gets overlooked and can sometimes be the way to go.