is now a good time for real estate investors to buy? real estate investing for beginners is tough. Should i buy a house in 2023? should i buy a house 2023
Key point is willingness to hold real estate for 3 decades is a crucial to factor in. At my age a real estate investment would be a multi generational asset
Best test of mobile home is to look at the value of a 30 or 40 year old mobile home (independent of the land it sits on). In the vast majority of cases you might find that the value’s do not appreciate as fast as a conventional home. I was fortunate to have a mentor who emphasized the importance of putting my money “where it’s value is most appreciated”. Hence $100k invested in a conventional home vs a mobile home will appreciate at different rates. Alternatively you could call a couple of real estate agents and ask their honest opinion. They might even be able to generate competitive market analysis.
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Key point is willingness to hold real estate for 3 decades is a crucial to factor in. At my age a real estate investment would be a multi generational asset
Absolutely
Love your entire channel !!!! Binge watching everything ❤! Also how do you feel about mobile homes ?
Best test of mobile home is to look at the value of a 30 or 40 year old mobile home (independent of the land it sits on). In the vast majority of cases you might find that the value’s do not appreciate as fast as a conventional home.
I was fortunate to have a mentor who emphasized the importance of putting my money “where it’s value is most appreciated”. Hence $100k invested in a conventional home vs a mobile home will appreciate at different rates.
Alternatively you could call a couple of real estate agents and ask their honest opinion. They might even be able to generate competitive market analysis.