Trailer home as a start. --- (0% xp in real estate)

[Steven Webster]

I found a mobile home online for $25,000, est. mortgage: $210/mo*, 3 bed 1 bath,  only considering the financial prospect, is this a good start for a beginning investor that only makes 368 extra cash a month? (This is my first question about real estate investing, please forgive my ignorance if I don't ask the right type of question.)

[Chris Webb]

Hi @Steven Webster, I would search the BP forums for mobile homes and see what comes up. I have thought about investing in them as they return a bit higher in my market. What is the end goal? Is it cash flow? Is it paying down the debt? I ask these questions all the time before pulling the trigger and find my one goal, if the property meets the one criteria, I invest. 

I find that often times we can get bogged down in chasing multiple things - debt paydown, appreciation, etc. Focus on one thing and if it will change your life for the better does this investment meet this one thing. 

Hope this helps.