Thought I'd give an update, originally posted as Strawberry Su, maybe a few remember me. It's been about 2 years since I posted, riding off into the sunset post BK. Things looked pretty good, in my post I spoke about how we were buying an older mobile home on land for cash, and debt free, except for car payment. My car pays off in a month, so will be completely debt free. But about a week after we bought the mobile home, my hubby got laid off. We had just spent about every cent we had.
Before unemployment kicked in, he got another job, albeit with a $4/hr paycut. With his military retirement, we still had enough income to work on remodeling our 1991 DW mobile home. He hated the job, though, owner's standards were much lower than his. So we found him a better paying job, back to what he had been making. Except he was the only employee, all other workers were 1099s. The pay was crazy, somehow what was supposed to be $19/hr was averageing out to $10/hr. Before he could find another job (his fourth in a 2 year period, after working over 11 years at his previous job in OH), he was let go, because he was making too many waves about his pay.
This time we ended up on unemployment. But it paid better than the last job did! So we decided, as we had almost 2 years of unemployment coming to us with state and federal, we would try to work for ourselves. That's what we told ourselves, but the reality was no one was hiring a 57 year old. He had lots of positive responses until he showed up for the actual interviews, then it was all over.
Every home we had ever bought we have remodeled. So we sold our mobile home (made $20k profit) in April 2013 , and bought another MH foreclosure. But one month into that home our federal unemployment stopped, because NC wouldn't pay it. We flipped that one in three months, while living in it, and sold it within a week. Made $25k profit. So now we are on our third MH flip, living in it, and just put it up for sale.
Only income is retirement ($1600), but we will have about $75k cash when we sell. We will take that and buy at least one, maybe two MH (one to live in, one to flip) ,,, they can be had for $25k to $35k. It is hard on our old bones to keep moving every few months, so that is why one to live in. If we can keep this going for a few years, we should be set up pretty well for our old age. In my former post I mentioned I was going to be a Prepper, still working towards that. But I guess I am a Flipper instead, lol.
I am not a religious person, but I do believe in a higher power and that there is a method to this madness. Things seem to work out in the end. We aren't rich, but actually are making more money than we ever have. Just now getting a credit card, since car loan is done, and I need some form of credit to keep a score (which is in the 650s now). That sucker isn't going to see the light of day, except a small minor charge every month to build credit score. I plan to get back everything I had before BK - a large home, some acreage, a swimming pool. Now, it's prolly gonna be a mobile home and an above ground pool, but it will be paid for! Best of luck to everyone on this board, and a big thank you to all those who helped me so much!
Before unemployment kicked in, he got another job, albeit with a $4/hr paycut. With his military retirement, we still had enough income to work on remodeling our 1991 DW mobile home. He hated the job, though, owner's standards were much lower than his. So we found him a better paying job, back to what he had been making. Except he was the only employee, all other workers were 1099s. The pay was crazy, somehow what was supposed to be $19/hr was averageing out to $10/hr. Before he could find another job (his fourth in a 2 year period, after working over 11 years at his previous job in OH), he was let go, because he was making too many waves about his pay.
This time we ended up on unemployment. But it paid better than the last job did! So we decided, as we had almost 2 years of unemployment coming to us with state and federal, we would try to work for ourselves. That's what we told ourselves, but the reality was no one was hiring a 57 year old. He had lots of positive responses until he showed up for the actual interviews, then it was all over.
Every home we had ever bought we have remodeled. So we sold our mobile home (made $20k profit) in April 2013 , and bought another MH foreclosure. But one month into that home our federal unemployment stopped, because NC wouldn't pay it. We flipped that one in three months, while living in it, and sold it within a week. Made $25k profit. So now we are on our third MH flip, living in it, and just put it up for sale.
Only income is retirement ($1600), but we will have about $75k cash when we sell. We will take that and buy at least one, maybe two MH (one to live in, one to flip) ,,, they can be had for $25k to $35k. It is hard on our old bones to keep moving every few months, so that is why one to live in. If we can keep this going for a few years, we should be set up pretty well for our old age. In my former post I mentioned I was going to be a Prepper, still working towards that. But I guess I am a Flipper instead, lol.
I am not a religious person, but I do believe in a higher power and that there is a method to this madness. Things seem to work out in the end. We aren't rich, but actually are making more money than we ever have. Just now getting a credit card, since car loan is done, and I need some form of credit to keep a score (which is in the 650s now). That sucker isn't going to see the light of day, except a small minor charge every month to build credit score. I plan to get back everything I had before BK - a large home, some acreage, a swimming pool. Now, it's prolly gonna be a mobile home and an above ground pool, but it will be paid for! Best of luck to everyone on this board, and a big thank you to all those who helped me so much!
Comment