So this is all theorizing but here it goes
Background im considering this because apartments here are $2000 where I live and to even get a roommate, the minimum is about $800, average about $1400.
What would happen if I pay 30k cash for land in the area I want and then 30k loan for a mobile home, plumbing, electric, all that for maybe an additional 60k. I would also have the right permits for the zoning laws. Also, I would be next to other homes on flat land. If it all totals to 90k in loans the rent would be $300 for 2.55% 30 years. (I will pay it off sooner than 30 years) I would like to save and invest the rest of my income if I make 30k to 50k a year in my career.
Please tell if this sounds crazy or if im missing some other hidden cost.
Submitted May 01, 2021 at 07:42AM by Turtleisim https://ift.tt/3t4zDdH
