New Investor Looking at Mobile Homes
I am a 22 yr old living in the Central Coast of California, Grover Beach to be specific. Currently I work as a full time coach so my income is moderate but steady. I have about $5k in savings and am adding as much as I can monthly.
I am looking to start in Real Estate investing and am most interested in buy and hold to create passive income. However living in California, and by the beach, single family properties are a little higher than I can afford to finance even with conventional lending; mobile homes seem to be in reach, they run between 125,000-175,000. Would investing in mobile homes be a way to break into the buy and hold investment? Or are there other paths I should look into?