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Real Estate Deal Analysis & Advice

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Josh Foret
  • Frisco, TX
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SFR surrounded by Mobile Homes

Josh Foret
  • Frisco, TX
Posted Sep 1 2015, 15:23

The home was built in 2010 and is in foreclosure. It also isn't complete. Plumbing and electrical work are needed. 1 bed, 1 bath. According to the realtor, It'll take about $10k-$20k to be ready to rent. Planning to live in the home while it's being fixed up. Should be able to pick it up for about $60k (or less). The home, when rehabbed, will rent for $1100.

However, the home is surrounded by mobile homes. Not that I'm opposed to mobile homes in the slightest, but it is relatively strange to see a single-family in the middle of many mobile homes. The neighborhood has paved roads and looks pretty nice aside from the occasional beat up property. A few streets over is a very nice neighborhood. This particular city is growing and fast.

Would the home being surrounded by mobile homes prevent you from picking it up? 

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