Buying a mobile home at 18

[Taylor Thompson]

I’m currently 18 years and am currently trying to get into real estate. I have enough money saved up for a down payment and getting Co signed on it won’t be a problem. I’m just wondering if this would be a good investment to start out on and am wondering what I should stay away from and what is a good deal. Any feedback would be greatly appreciated, thank you.

[Rachel H.]

@Taylor Thompson Great to hear about your interest in mobile homes! Despite what you hear from others, investing in mobile homes can be done. And profitable. I make a living doing it full time and have been for over a decade. 

Like any other real estate asset class, you have to really take the time to study it and understand it. Unfortunately, many who pursue it or get into mobile homes accidentally just don't take the time to get to know the business. They rush into it, make mistakes, and don't learn from them. Consequently, the leave and tell others it doesen't work. Maybe for them. But not for everyone. 

If you're dedicated to learning, can stay focused, have the patience and are willing to make mistakes (lots of them!) and learn from them, investing in mobile homes can be a great entry point for any new real estate investor. 

Hope that helps!