So my questions are: What questions would go thru your head if you were the one considering this? Seriously....Hit me with all of them. What percentage gain/ instant equity would make this favorable to you as an investor?
Am I wrong to be considering our future need of a different home before investing?
Thanks for reading and contributing your genius to my inexperience.
Hi Melody – I think you replied to my post about lake houses up north, and I forgot to reply to you. So hi! How much is the mobile home property? And how much could you rent for? Would you be comfortable living in it yourself? Could you buy it and move in there, and rent your current home? Sometimes that is a really good way to go, because it’s always cheaper to get financing on an owner occupied property, and it forces you to be honest about whether the place is nice enough to live in or not. It is a good test to see whether or not you’ll be able to rent it later on. I really wish that I had kept every house that I owned in the past and rented them out instead of selling them. If I had, I could probably live off that income right now.
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