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Updated over 2 years ago on . Most recent reply
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Mobile Home House Hack?
What are your guys opinions on house hacking a mobile home?
I think I could probably get a roommate to pay the monthly payment, so i can live for free. In Chicago, I feel like a mobile home is more in my budget and less risk because it's a brand new construction and turnkey.
Would I be able to use this property to scale? will it be harder to scale my portfolio with a mobile home compared to purchasing a traditional home?
Thank you if you read this!
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- Real Estate Broker
- 3412 S. Harlem Avenue Riverside, IL 60546
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@Dren Aguado the biggest issue with mobile homes is that they don't appreciate, but instead they depreciate and get less valuable over time. They can cash flow well though.
Being in your area, I would focus on saving up enough for a nice 2 or 3 unit. There are pockets of Waukegan where you can find a nice duplex in a decent pocket for cheap. Maybe find a way to rent weekly to folks who come in for naval base graduations?