Investing in Mobile Home on Private Land
Hi friends,
Maybe some of you can coach me a little on this idea & maybe you can tell me if it seems to be realistic. So I was thinking about buying a vacant half acre to 1 acre lot, but already have the electricity, well, & septic utilities in place for around $15K . Then I'd go get a used single wide for another $6-$8K and have it transported for another $4-$5K over to the lot with utilities already in place. So maybe about $25k-$30k invested total in this rural mobile home property (located somewhere out in the country, but not too far out of course). My fiance and I would live in it for a couple years while saving up to buy real property's and then move out to begin renting out this mobile home for around $550-$600 a month. Does it sound realistic to you to only need investing $25k-$30k to make this possible? I await your reply. Thank you!