Posted by Vern-MI on January 31, 2008 at 15:12:41 from (207.69.137.38):
In Reply to: update and more info posted by caleb on January 31, 2008 at 12:45:19:
Looks to me like you are doing your homework just fine. You will not always win at every transaction so don't beat yourself up over the appraisal cost on the first property. On the mobil home listen to the furnace before buying as they can be real noisy especially if placed by the living room or bedrooms. Downright deafening in some cases and very annoying because the blower will be working both Summer and Winter for heating and cooling. I'm surprised the bank will lend you that much money on the mobil home. Check to make sure you can write off the interest on the mobil home as they are not always considered a permanent dwelling My son found out the hard way that his mobil home payment interest was not deductable. If it had been a modular it would have been deductable since that is considered a permanent structure. Good luck and keep checking and asking questions.
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