Tilted Cat Head
Administrator
Location: Manhattan, NY
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Interesting housing market...
I'm looking at many things there and it looks like you're market is in the $150k-$179k range. Some of these are also older homes which means that some will or may require major maintenance like roof, heater, etc.
I am not such a fan of mobile homes, my grandparents bought one a few years back. It's nice, huge, 3 bedroom doublewide, but it still is cheap feeling.
re: the HELOC once your home gains equity, you can borrow against it. You set up the line of credit at a particular rate, and it sits idle until you borrow any money against it.
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