Question by AW: Should I invest in a foreclosure or stay in my paid off mobile home?
The mobile home is a very nice 1997 single wide (vinyl siding and shingle roof) that we bought new and have had it paid off for several years. We own the lot that it sits on (not in a trailer park). My question is, would it be better to just stay in the mobile home rent free or sell it and invest in a foreclosure that is a stick built home that was built in 2000 and is listed at 35% below the market value?
Answer by Riccardo Cavallini
stay where you are , you have an asset. a home becomes a liability
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