Any land lords on here?

[Summit151]

Hello so I have been tossing the idea around on buying a rental property. I am younger 25 years old and would like to invest in something. I am wondering what the best properties are to buy? I live in a smaller town so there is lots of houses. I have found a few mobile homes that are between $25000-$40000. I would be able to pay cash for something Iike this vs having to pay another mortgage. But they are older trailers from 1977-1985. But are renovated and look nice on the inside. So I did some math and would be able to rent them for around $1200 a month with utilities included. So deductions would be lot rent -$400. utilities-$-150. home insurance -600 a year. Which would leave me $600 a month return. So I’m I foolish for thinking about buying such a old mobile? What is everyone’s thoughts?


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[Carny]

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[Xeon]

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[lowtek]

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