Hi, guys. I tried to find the correct forum to post this but nothing relates. And, selling this isn't a get-rich idea, but it's an appx +$800 cashflow idea for the next 2 years.
Backstory - I live 90 miles from my desk job, which I haven't been to since March 17 and don't anticipate going back until 2021 or 2022 due to C0VlD-19. Two years ago I bought a $3500 mobile home near work, spent about $2000 in materials, and got it half-way fixed up. I was staying there Mon-Thurs night with my now ex-GF. We split the $800/mo it costs for lot rent, gas, electric, Internet, insurance. I didn't mind too much because she was always at her new BF's house anyway (I dumped her so I didn't care). Mar-May there was hardly anyone in the trailer. Her new BF then dumped her and she's onto a third (amazing how girls will date the first guy who comes along). But she doesn't stay at the new guy's house due to his location relative to her job.
So, I downloaded some CDC data and did the math and came to the opinion that COVID will go on for years and am planning my life based on that scenario (if you're interested in this data let me know). This means I will not be going back to the office, can sell the trailer for $10k, and stop paying the $400/mo. Hiccup: she's still there and has too much stuff for a one room apartment. Plus, one-room apartments down there are over $1000 + utilities + she'd need a heated storage unit for all of her crap. I can't throw her out to make her increase her expenses by $800-900 per month living in a crappy apartment. I should, because she's not always nice to me (thus me breaking up with her), but I'm not that type of person. She doesn't realize that the way she speaks to people is why she has zero friends and can't keep a BF. Also, I should add, that I was paying $400/mo for a room in a lady's house before we got the trailer together. Note: I bought the trailer while we were dating so she could get out of her expensive living situation so she could afford to go to nursing school for a year, which she did, and is now a nurse but only makes around $40,000. Yes, I'm too nice to her.
I would love to her to leave and sell it for $10k, but I won't force that. She wants to buy the trailer, but can only pay $400/mo (plus pay the full $800/mo fees for the trailer...trailer parks are a ripoff, man). Me getting $400/mo is nothing compared to getting $10k now. But then again, if she makes payments I don't have to list it, don't have to show it to idiots off Craigslist, don't have to fix it up much more, etc. If she pays me $400/mo for 2 years, plus takes over my half of the payments, my overall money per month just went up by around $800, and hers down by $800, which is her suggestion, not mine. Still, not good for me vs $10k now. So, I was thinking to tell her I get a room in the trailer and can stay there Mon-Thur for a few years if want to. That way, if I'm wrong on the virus, and I do end up going back to work, I won't have to find an apartment near work, and I'll still be +$800 monthly for 2 years and maybe have a free place to stay for 3-4 years, depending on what time period we agree to (actually, she likes it when I'm there because it's not dark and scary when she comes home, I know how to fix things, etc.).
I can't think of many other options. She doesn't want another roommate, which is something else I thought of to reduce costs/make money. Any ideas?
PS - I'm spending $2200/mo for everything the past few months (rent x 2, car insurance, food, phone, etc). If I do this I'll be down to $1400/mo. Each 2 week paycheck is more than that bring-home! This could be a good thing. My real estate business is separate, BTW. The trailer is personal.
Backstory - I live 90 miles from my desk job, which I haven't been to since March 17 and don't anticipate going back until 2021 or 2022 due to C0VlD-19. Two years ago I bought a $3500 mobile home near work, spent about $2000 in materials, and got it half-way fixed up. I was staying there Mon-Thurs night with my now ex-GF. We split the $800/mo it costs for lot rent, gas, electric, Internet, insurance. I didn't mind too much because she was always at her new BF's house anyway (I dumped her so I didn't care). Mar-May there was hardly anyone in the trailer. Her new BF then dumped her and she's onto a third (amazing how girls will date the first guy who comes along). But she doesn't stay at the new guy's house due to his location relative to her job.
So, I downloaded some CDC data and did the math and came to the opinion that COVID will go on for years and am planning my life based on that scenario (if you're interested in this data let me know). This means I will not be going back to the office, can sell the trailer for $10k, and stop paying the $400/mo. Hiccup: she's still there and has too much stuff for a one room apartment. Plus, one-room apartments down there are over $1000 + utilities + she'd need a heated storage unit for all of her crap. I can't throw her out to make her increase her expenses by $800-900 per month living in a crappy apartment. I should, because she's not always nice to me (thus me breaking up with her), but I'm not that type of person. She doesn't realize that the way she speaks to people is why she has zero friends and can't keep a BF. Also, I should add, that I was paying $400/mo for a room in a lady's house before we got the trailer together. Note: I bought the trailer while we were dating so she could get out of her expensive living situation so she could afford to go to nursing school for a year, which she did, and is now a nurse but only makes around $40,000. Yes, I'm too nice to her.
I would love to her to leave and sell it for $10k, but I won't force that. She wants to buy the trailer, but can only pay $400/mo (plus pay the full $800/mo fees for the trailer...trailer parks are a ripoff, man). Me getting $400/mo is nothing compared to getting $10k now. But then again, if she makes payments I don't have to list it, don't have to show it to idiots off Craigslist, don't have to fix it up much more, etc. If she pays me $400/mo for 2 years, plus takes over my half of the payments, my overall money per month just went up by around $800, and hers down by $800, which is her suggestion, not mine. Still, not good for me vs $10k now. So, I was thinking to tell her I get a room in the trailer and can stay there Mon-Thur for a few years if want to. That way, if I'm wrong on the virus, and I do end up going back to work, I won't have to find an apartment near work, and I'll still be +$800 monthly for 2 years and maybe have a free place to stay for 3-4 years, depending on what time period we agree to (actually, she likes it when I'm there because it's not dark and scary when she comes home, I know how to fix things, etc.).
I can't think of many other options. She doesn't want another roommate, which is something else I thought of to reduce costs/make money. Any ideas?
PS - I'm spending $2200/mo for everything the past few months (rent x 2, car insurance, food, phone, etc). If I do this I'll be down to $1400/mo. Each 2 week paycheck is more than that bring-home! This could be a good thing. My real estate business is separate, BTW. The trailer is personal.
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