3% return on a stick built house is a poor investment so you would rather invest in a depreciating asset (mobile homes)? This thread keeps getting better.
3% return on a stick built house is a poor investment so you would rather invest in a depreciating asset (mobile homes)? This thread keeps getting better.
Wow! Your mobile homes down there are waaaaaay cheaper than any we have in our area...of course $150,000 wouldn't buy more than a shack here either...
You do realize that beyond the purchase price of any rental property you have there are maintenance costs and upgrades that you'll have to make over the 30 years you intend to own them...so there are ongoing investments beyond the original purchase. I mean unless you plan to be a slum-lord, which might be exactly what you intend to do according the logic I've seen in this thread thus far.
In pursuit of bright lights and good stories,
Patrysha
On a Personal Mission to End Family Violence Through Empowerment & Entrepreneurship
Business Advisor: Community Futures Yellowhead East
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