First time home buyer, Mobile Home Rental investment

[Hannah Alley]

I have a question and I am looking to get pointed in the right direction for some advice on this. I am trying to purchase a rental property, the only issue is I can qualify for very little with me current income. With that said there are a ton of newly built Mobile Homes for sale at or under my price range. So I am wondering, would it be worth it if I put 20% down and purchased a newly built mobile home as a rental in the surrounding areas of Salt Lake City, Utah?

[Kim Gibson]

The midwest has "affordable" houses.  Do your homework, find an area that has job growth.  I dont know if they will appreciate much, but if you are looking for cash flow then that is where you should start.  I think Indiana has a decent  market.  You can also look at places where you have family or friends.  They can give you an idea of an area's market.  My dad owns rentals in Illinois, that is where he lives.  Evictions are difficult and go thru the courts, so keep that in mind.  Also many people are moving out of that state, which means jobs are going elsewhere.  My sister lives there too, she and I bought our houses around the same time.  Mine has more than doubled in value over the last 8 years( I live in Utah) while hers has not increased at all.  She lives in the Metro St Louis area.  

Check the bigger pockets market analysis, I think they have some recommended cities to look into.  Good Luck.