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Updated over 3 years ago on . Most recent reply

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22
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Dren Aguado
  • New to Real Estate
  • Gurnee, IL
16
Votes |
22
Posts

Mobile Home House Hack?

Dren Aguado
  • New to Real Estate
  • Gurnee, IL
Posted

What are your guys opinions on house hacking a mobile home? 

I think I could probably get a roommate to pay the monthly payment, so i can live for free. In Chicago, I feel like a mobile home is more in my budget and less risk because it's a brand new construction and turnkey. 

Would I be able to use this property to scale? will it be harder to scale my portfolio with a mobile home compared to purchasing a traditional home?

Thank you if you read this!

Most Popular Reply

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6,054
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5,096
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,096
Votes |
6,054
Posts
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Dren Aguado the biggest issue with mobile homes is that they don't appreciate, but instead they depreciate and get less valuable over time. They can cash flow well though. 

Being in your area, I would focus on saving up enough for a nice 2 or 3 unit. There are pockets of Waukegan where you can find a nice duplex in a decent pocket for cheap. Maybe find a way to rent weekly to folks who come in for naval base graduations? 

  • John Warren
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