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Updated about 8 years ago,
Deal or not? Mobile/manufacture home
I spoke with a homeowner that is selling her mobile/manufacture home. The subdivision looks nice and spacious. The home sits on a 1 acre land with. 3 bedroom 2 bath. Asking price 55K, I haven't ran an accurate COMP but possible ARV 100-120K. (Owner told me 120k, zillow says 100k).
Home is payed off, no loans attached.
Repairs needed: New roof, Ceiling, carpet and paint.
I'm new to REI and I never thought I would look into a mobile home, is this a deal worth it? Please help and thanks!