Talk of The Villages Florida - View Single Post - Looking for answers re: home purchase
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Old 01-26-2014, 10:45 AM
redrocket redrocket is offline
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Thanks to the Mod for moving this to an appropriate section. Now I feel comfortable asking my questions. As I mentioned, I am thinking about buying a home in TV in the 100k range. I have seen several manufactured homes, even furnished in that range. I would like to use it as a rental for about 5-6 years then a winter home in 10- 15 years. I would probably use the home for a month in the in-between years. The big question is, is it reasonable to expect to rent the home and come out in the black after paying the mortgage, cleaning, maintenance, management, HOA and other fees/taxes? All opinions are welcomed, but I would love to hear from those who have done what I am describing. My fantasy is that I will end up with a paid-for home on some one elses dime. Thanks again.