Aug 10, 2026 · 13 min · 3 segments
Thinking about buying a mobile home? Dave explains why he believes they're a poor financial decision, breaks down the risks, and shares what he recommends instead. **Next steps:** · 🏠 Not sure…
Dave RamseyHost
George KamelHost[upbeat music] I've been following you, uh, since 2013, and I am debt-free, and I have a house in the Sacramento area.
Um, but I have since moved in the last year, uh, to a very rural and remote property.
Um, 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 wanna have to pay fire insurance because according to my neighbors, it's between 10 and $12,000 a year.
Um, also, I get ...
So let me ...
Okay, I'll stop there and say, um, 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, uh, 90 days is a turnover, and I make sure that it's in great condition.
Um, 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, uh, i- 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.
I say about because-
So when it's worth 10,000, when it's worth 10,000 later when it goes down in value-
I would say that-
How, how do we, how do we put this in the smart column when it goes from 100 to 10,000?
Right.
I'm wanting to say that instead of being an investment, it is a consumable good.
It is something that I live in.
Um-
[upbeat music] I've been following you, uh, since 2013, and I am debt-free, and I have a house in the Sacramento area.
Um, but I have since moved in the last year, uh, to a very rural and remote property.
Um, 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 wanna have to pay fire insurance because according to my neighbors, it's between 10 and $12,000 a year.
Um, also, I get ...
So let me ...
Okay, I'll stop there and say, um, 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, uh, 90 days is a turnover, and I make sure that it's in great condition.
Um, 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, uh, i- 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.
I say about because-
So when it's worth 10,000, when it's worth 10,000 later when it goes down in value-
I would say that-
How, how do we, how do we put this in the smart column when it goes from 100 to 10,000?
Right.
I'm wanting to say that instead of being an investment, it is a consumable good.
It is something that I live in.
Um-
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