Re: Advice needed for a newbie

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Posted by Darius on November 18, 2009 at 11:32:54:

In Reply to: Re: Advice needed for a newbie posted by joe--ga on November 17, 2009 at 15:29:42:

joe, thanks for your input. I do have a couple questions though:

If I did buy a house, I would have to buy it at a discount right? 20-50% of FMV? So I would already make over 15% just by buying it under market value. Appreciation and positive cash flow would be other parts of the deal that would make it sweeter.

My friend says that renting mobile homes can be a problem because you are more likely to run into bad tenant problems, as opposed to rent to own, where people have something invested in the home so they take better care of it - thoughts?

also, i already have the goals posted on my walls, so i do see them every day.

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