Mobile home purchases

[Richard S Myers]

Houses in my area are selling above asking price, and are generally out of my price range. There is a really nicely remodeled mobile home near by, and it’s conveniently placed where my wife(who can’t drive yet), could get to work easily. But my mom says that mobile homes are bad overall because a few decades ago my uncle and aunt had a horrible time and took a loss on their mobile home.

Any advice or concerns from those who are maybe a little more knowledgeable on the subject?

[Adrian Smude]

I grew up thinking mobile homes are bad as well.  I'm in Florida where some people call them Hurricane Missles.  But in reality, they are not bad.  There are pros and cons to every type of investment.  Your question is very open.  

What year is the home you're looking at?  

Is the land included in the purchase?

What would your exit strategy be? 

How do you plan to purchase it?