Am I buying a $100k mobile home TURNED CABIN for AirBNB?! - Normal income real estate investing

100 Up Hosting – Am I buying a $100k mobile home TURNED CABIN for AirBNB?! – Normal income real estate investing


Am I buying a $100k mobile home TURNED CABIN for AirBNB?! – Normal income real estate investing

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What will my next real estate investment adventure be? I’m a normal person with a normal income hoping to find a new investment property as a short or long term rental for passive income! Come with me as I consider this cabin that turned out to be a mobile home trailer in Bryan, and why it might be the one that got away! Would you have bought this deal?
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Am I buying a $100k mobile home TURNED CABIN for AirBNB?! – Normal income real estate investing

23 thoughts on “100 Up Hosting – Am I buying a $100k mobile home TURNED CABIN for AirBNB?! – Normal income real estate investing

  1. You shouldn't assume they are up to no good. I know 2 older couples who actually make a decent living building and selling with owner financing. They are doing it as an investment just as you are investing. They want to earn their money on the interest. Not shady at all. I wouldn't think mobile homes are the way to go but there are people out there that can't get an actual mortgage.

  2. Also, sounds like the person trying to sell that place is looking to just have a stream of income (via predatory lending) without the responsibilities of being a landlord. That kind of operation should be shut down, in my opinion. It's like payday loans for a home (not quite, but heading in that direction).

  3. Whenever you are shopping for a property, even if it's your dream home, you can't get too emotionally invested until the property is yours. That could cause bad decision making in the moment when you are buying. There are ALWAYS other good properties out there waiting to be found.

  4. I am not sure… but having use to be a mobile home flipper using the Lonny Scruggs method up until Dodd Frank caused me to drop the whole thing, I think this seller might be out of compliance with Dodd Frank regulations on Seller Finance.

  5. 1. Yes
    2. No
    3. Heard of it.
    There are tons of sellers like that. They count on the fact that people who can't get a bank loan are probably bad with money and will probably default at some point. Meanwhile, they've been raking in way more money than it's worth. He will probably never actually sell it, even on a rent-to-own basis. He won't have to.

  6. I didn't immediately realize that it was a mobile home, but it did seem a little odd. I thought $100k seemed a bit high, but I don't know your market. I live near Seattle, WA where real estate prices have gone totally bonkers the last few years and have been looking at places in the Dallas-Fort Worth area because I have family there. I would think if the seller is requiring seller financing that they would (have to) put that in the advertisement so that people don't waste their time. Be patient. You'll find the right place.

  7. It is very important to be able to say NO, especially when you are so emotionally invested. I think you did a great job passing on this property. I am sure the right one will come alone.

  8. Perhaps you should spend some time considering this, what with what is happening with the housing market, and Covid.Have you considered van living. You just got a lovely home. Consider the economy and protecting yourself.!!!

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