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Updated over 9 years ago,

User Stats

30
Posts
5
Votes
Spencer Keables
  • Hailey, ID
5
Votes |
30
Posts

Buying a Mobile home instead of paying rent.

Spencer Keables
  • Hailey, ID
Posted

Alright so this is my first time posting anything, normally I just read other posts. I will be graduating with my bachelors degree in the next month, which means we will be moving to whoever I can land my first job, most likely Utah or Idaho. My goal is to work for a about two years before applying to grad school. My question is whether I should rent a place for those few years or should I look into buying a mobile home. Me and my wife are in the position where we could probably pay off the mobile home pretty quickly as long as we get a good deal. I like the idea of basically owning it and only having to worry about the HOA fees, which would allow me to start saving for grad school. If I were to pay rent, I would probably be paying around 700 a month and after two years I will have payed around 17,000 just for rent. Its hard for me to be wiling to put out that much money just for rent. Instead of just paying rent I wondering if it would be a better idea to buy a mobile home that I could either rent out once I go to grad school or just sell it. I just wanted to see what advice I could get from those who know how mobile home investing works.

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