Torn.. high cashflowing mobile home, or house hack..
Hey everyone, I’m just about to pull my profits out of a recent flip I’ve finally completed and now I’m not sure what to do.
Out of these two options:
High cashflowing brand new mobile home in a more volatile rental market. With the potential to buy a few more over the next coming years.
Or bigger, older 5 bed 3 bath with potential to convert to legal basement suite as well as great flip or BRRRR strategy deal.
Both plans have a good 5 year exit strategy.
The plans for mobiles would to have tenants pay the units almost off, and then moving onto acreages and sell them as individual land/home deals.
The 5 bed 3 bath would be BRRRR house hack, buy, rehab, rent to room mates AND potential basement suite tenants.
Mobiles being obviously the much cheaper starting option as I can do one at a time.
House being a bit more nerve wracking as I would have to put up front about $80k. Yet could be more rewarding because it would be fun to do a proper live in flip on a bigger house.
I’m always learning and am trying to learn more, go easy me and my silly questions. If you need more info I’ll be happy to elaborate.