Updated over 5 years ago on . Most recent reply
Analyzing a mobile home for house hack
Hi bigger pockets! This is my first post and was wondering if a couple of you guys who have more experience can help a lady out! I currently live in SoCal and don't have any deals. After listening to the podcasts, reading, and learning, using the calculators on this site, I want to take action and found a 4/2 mobile home that is selling for 139,000 with an estimated monthly payment (Calculations from redfin) of $633 and another $1200 for land lease amount monthly. I was thinking of using an FHA loan since it would be my first home/deal and live in one of the rooms and the others for rent(house hacking). Since I am extremely new and am eager to get excited, what would be the first steps and further steps to take on this? What do I need to know before going into mobile homes?