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Sanity check my hypothetical plan to purchase a mobile home + lot?

Hi all! For some background, I come from a very poor family in a HCOL area (Austin TX). Nobody in my family has ever owned a home, and I am the first in my family to go to college and have a professional career. That said, I am 32 years old and make $62k a year. My main life goal is to retire comfortably, and I'd really like to eliminate my monthly rent payment by the time I am 60. I have $56k saved up that was supposed to be for a house down payment, but with high interest rates and the price of single family homes in the area, there's just no way I can (safely) afford a mortgage with my monthly income. However, I did notice that some mobile homes (including the lot) are currently for sale in a nearby suburb, and some lots are cheap enough I could simply buy it outright with cash. My thought process is that even though I would be buying a 20+ year old mobile home, the bulk of the value comes from the lot, and if I have issues with the home I can just demolish it and replace ...
Recent posts

Manufactured homes - Why buy already on land?

I am looking at listings. 30 year old manufactured houses on 1/2 acre for my max budget. I just can’t get the thought out of my head that I could buy 3-5 acres, get all utilities installed, pour a slab, put a brand new singlewide down, and be all in for over $50k less than these manufactured homes already on properties. Is there anything I’m missing, am I thinking about it wrong? Also, it’s hard to justify when you can get brick houses for cheaper, just with less yard. submitted by /u/Uceg_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uudih7/manufactured_homes_why_buy_already_on_land/

Rant about selling

Nothing productive, just need to vent. Got the house ready, been busting my ass to get it ready, and then everything just goes on hold and into waiting. Going 100 mph to 0 in a hurry. Even though I've sold houses before, the anxiety is always the same. It's only been a few days, but still hoping to get at least one tour to get some feedback, or feel like something is happening. The weed isn't helping as much as I would like to relax either, so that's not helping lol. It just kind of sucks lol submitted by /u/Dena844 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uu15em/rant_about_selling/

Relocating to a dying town.

Work has me relocating to a dying town, think flint Michigan and you pretty much got it. For work I need to be within 30-45 minutes from my job. Would be in the area 5 years after which I would be able to move while retaining my wage. My employment is safe for that time and for the foreseeable future. The good: more money and obviously my money goes incredibly far towards buying property. The bad: not sure if it’s even worth buying a residence in the area with the possibility of not being able to sell it. Looked at surrounding cities and not one is going to be better off in 5 years as there is no jobs available or future employment in the area for the current population. In this case what is the correct move. I have never been a fan of renting but it almost seems like that would be the best choice. Or Would it be better to get the bare minimum to live in and keep it in good condition as selling a cheap house is easier? Buy something that I could rent out in the future? Although...

A tale of two sellers

You have two different sellers right now- FLORIDA Those who bought in 2023 or before and understand that they can’t list at 2023 pricing, and are actually dropping pricing And then you have those who still think their property can sell at that same price they bought at and what it was worth in 2023, and some are adding on 100-300k to their 2023 priced listing Change my mind submitted by /u/yeahyoubored [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1utr5lc/a_tale_of_two_sellers/

Our house hit the market today, and the feedback we received already confirmed my fears

We recently decided to sell our 1500 square-foot 3BR/2BA home and move to have a little more space plus be closer to my husband's job. Our realtor was really confident that it would sell quickly due to the fact that it's on 2 acres and in a very desirable area. We replaced the flooring throughout, which was much needed and also did some work on the front porch and back deck. Even with all the updates, the land and location, I was still concerned that it wouldn't look the best to potential buyers. The walls have quite a few marks, even after a deep cleaning and the front and back storm doors both need to be replaced. After talking with our agent, we decided it would be best to not put any more money into updates, and she assured us that if we priced it right, it would still sell quickly. We listed at 295K after she talked things over with her colleagues. She said she was really confident going into this weekend and thought that maybe we'd even have an offer before the we...

Have you successfully purchased a property at auction?

I'm eyeballing a property on auction.com. I understand I have to do my research on the title, liens etc. I'm wondering if anyone on here was successful in buying a property off auction.com? Or did you run into problems? Thanks! submitted by /u/Historical-Lie-6307 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1usxstg/have_you_successfully_purchased_a_property_at/

FB Video Ads that convert?

Has anyone built predictable conversion funnels with Facebook video ads that generates qualified leads in the RE space? I’m building a funnel for a property management business (residential, single family homes). I’m thinking something like this: Facebook Video ↓ More Helpful Video ↓ Lead Magnet ↓ Email ↓ Case Study ↓ Owner Success Story ↓ Free Rental Strategy Session ↓ Property Management Agreement If you have done this kind of thing successfully then please share your framework or the system that you followed. Thank you! submitted by /u/AGreenProducer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1usw3lb/fb_video_ads_that_convert/

Canceling Contract During Contingency Period IL

I’m in the contingency process for a home in Illinois. Due to issues found during inspection and the fact that a couple substantial portions of the home not being available for inspection I advised my agent that I wasn’t interested in proceeding forward with the purchase. I was advised by my agent that in order to protect my earnest money I needed to submit my list of requests and wait for the seller’s response. I did as advised and the seller responded a couple days ago with basically no to everything. My agent asked my feelings on going forward, and I again said I wasn’t interested. Since we were so far apart I followed up the other day expecting to hear the deal feel through, but now I’m being told the seller is considering repairs and getting estimates. I’m curious how long do I have to play this game for? I would very much like to pivot and secure some form of housing as my lease ends in a month and a half. I would have been willing to work with them if they didn’t come out with ...