Ok, I'll try to keep the story short. My wife and I have been renting sence I left the airforce a little over a year ago. I've been interested in owning land and homes, because there will ALWAYS be a market for them. I've found a good job and the wife has recently started working. We really want to build a house, but I've been thinking about buying a Mobile home and a small piece of land to put it on, living there for a few years till its payed off, renting it out and buying another and doing the same thing for 3 homes or so. Then being able to build what I want and make money in the end. Seems from talking to many dealers I'll be looking at around 50k total for a new mobile home and land, everything hooked up, ready for someone to live in. That can be payed off in 4 years or so at our current income and expensives.
So anything I'm not thinking of?
How do you pick a good renter?
Or is this whole idea just ******* stupid?
This is just something I started looking into Two weeks ago, really have no idea what I'm getting into so take it easy on me if this is the most retarded thing I could do, lol. But I bet some people on here have a few rental properties. And some info to share.
So anything I'm not thinking of?
How do you pick a good renter?
Or is this whole idea just ******* stupid?
This is just something I started looking into Two weeks ago, really have no idea what I'm getting into so take it easy on me if this is the most retarded thing I could do, lol. But I bet some people on here have a few rental properties. And some info to share.