All Forum Posts by: Leon Li

Manufactured homes may or may not include the land, most of the time you dont, which means you pay land rental fees etc, also financing are not as attractive, they are usually personal loans with high interest and not traditional 30 year mortgage. Hope that helps.

You mentioned second house, did you know you can have up to 10 mortgages per person?

I live close to the seattle area, I have 3 rentals in the nearby cities doing very well, recent one purchased a year and half ago in Lynnwood, equity up 100k since then. I been keeping an eye in the seattle area, the price is just too much, made an offer 50k above purchase price, got beat by another 100k. If I had enough for downpayment I would purchase something in south seattle, it use to be a bad place with lots homeless. Now it's amazing place and alot of development. I visit there all the time. although recently price been skyrocketing there nothing under 350k.

Buying brand new doesn't always mean no maintenance. Depends on the quality sometimes cheap materials are used and can have foundation settling issues, also difficult to find the builder for warranty fixes. Just my 2 cent.

Theres a company called Unison that allows you to take equity out without making any payments for 30 years. In return they ask for a % of market increase in your house, if your house value goes up you pay them more in 30 years.