Should I buy a Mobile Home as the first-time-ever investment?

Hello ladies and gentlemen,

Here’s the question: I have just been prequalified for a loan and I’m thinking of using it towards my real estate investment, however I don’t want to risk much cash (initial deposit), since I’m new to the business.

Do you think it would make a good choice to invest into a mobile home as a very first investment?

Thanks much.

What kind of a loan are you pre-qualified for?

Do you understand that a lot of MHs are not ‘real estate’ but rather, ‘real property’ (more like an automobile with a title, etc.)?

If you bought a MH, what would you do with it?

Keith

If you are interested in investing in Mobile Homes, I would recommend “Deals on Wheels.” This is an excellent book with great ideas.

Not a bad idea to start, you won’t get rich with one though. The book is by Lonnie Scruggs and he doesn’t have a web site. You can buy it at the Papersourseonline plus 2 new ones by the MH master. herbster