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The key is finding the approach that best suits your talents, financial situation and long-term goals.
However, not all real estate investments are created equal.
Theres one investment that will make you poorer and should be avoided at all costs: mobile homes.
Hes quick to note that his aversion to purchasing a mobile home isnt about class its about common sense.
They go down in value.
Buy something that goes up in value.
So it gives you the illusion that you made money.
The dirt just saved you from your stupidity.
Is Renting Better Than Buying a Mobile Home?
Ramsey certainly thinks so.
Technically, hes right.
However, while a mobile home will depreciate in value, it isnt necessarily a total financial loss.
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