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Updated over 5 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Chris Perry
  • Rental Property Investor
  • Illinois, USA
3
Votes |
17
Posts

Mobile home primary residence turned 1st investment property.

Chris Perry
  • Rental Property Investor
  • Illinois, USA
Posted

Hey team. I am planning to purchase my 1st owned primary residence/investment property in april of 2020. I have been studying the house hack strategy for a while and planned to buy a 2-4 unit using an fha loan (wont have more than $14,000 for a deposit) but finding those DEALS in ideal locations have been posing a huge problem. So i started thinking it would probably be easier to find a DEAL on a mobile home (a lot more mobile homes than multi units in my target markets) and just live in it for a few years while saving up some money then maybe fix it up a little bit(if it would be beneficial) and then renting it out. My question is do you guys think that this could be a strategy that will pay off in the long run? Thanks in advance for the help. Have a great day.😊

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