George Kamel
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah.
He thinks that I'm financially irresponsible with my money.
I don't 100% disagree with him.
Yeah.
It's like I was always someone, and obviously this is something I'm trying to work on.
Yeah.
Yeah.
No, you're being perfectly clear.
And I do agree with you.
It is.
Hi, I'm so happy to speak to two of my favorite people.
I've been following you since 2013, and I am debt-free, and I have a house in the Sacramento area.
But I have since moved in the last year to a very rural and remote property, and I cash-flowed it, and I lived for a year in a travel trailer.
um because i bought it you know for cash and also i wanted to make sure if a fire came through i could evacuate if i had enough time with my house um since living here for a year i've found that you know i would like something a little more permanent however i also don't want to have to pay fire insurance because according to my neighbors it's between 10 and 12 000 a year
Also, I'll stop there and say, so I'm thinking about building a mobile home, which I know mobile homes are not a good investment.
However, I still own my home in Sacramento as far as an investment.
I rent it out to traveling nurses, so every 90 days is a turnover, and I make sure that it's in great condition.
So I wanted to get your opinion.
Is it still a bad idea to cash flow a mobile home to have something a little more permanent but to save on insurance, basically, to not have to pay the fire insurance knowing I'm taking the risk if a fire comes through?
The mobile home is about $100,000.