| Looking for a cheap home? You may want to
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| | a little $160,000 house for yourself. On
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| consider the options below. Keep in mind
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| | the other hand, when we were in Michigan
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| that they may be just temporary. Years
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| | a few years ago, good four-plexes brought
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| ago I used my own home as a boarding
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| | in enough income from three units to make
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| house, for example, in order to quickly
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| | living in the fourth almost free.
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| pay off the mortgage. On the other hand,
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| | Living In An RV
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| maybe you have no interest in living with
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| | This is an option many retirees are
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| others, or building a home. That's okay -
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| | taking now. A couple years ago we met
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| you may still find some clues here as to
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| | several older couples who lived in their
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| how to save on your next home anyhow.
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| | recreational vehicles for free, by being
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| Building Your Own Home
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| | hosts at campgrounds. Their duties were
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| There are several large companies that
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| | few, and included checking in new
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| sell house kits. These come with the
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| | arrivals a few times a day.
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| complete plans and materials delivered to
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| | Another way to live in an RV is to buy a
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| your site. You could build it yourself,
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| | lot and park it there. The idea here is
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| but the general idea is to be your own
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| | that you can live cheaply (if you buy a
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| general contractor. You might get a nice
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| | used RV) until you can finance the
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| house for 30% less this way.
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| | construction of your new home.
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| Build In Stages
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| | In Arizona, the Bureau of Land
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| A friend of mine grew up in a basement as
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| | Management, or BLM now charges to park
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| his father slowly built the house
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| | your RV on some public lands that were
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| overhead through the years. Paying cash
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| | previously free. The upside is that the
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| as you go to build your own home sounds
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| | fee is only around $100, you can now stay
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| like a way to save a lot of interest,
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| | for six months, and there are pump-out
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| certainly, but it has it's problems too.
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| | stations and water available. That's
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| In this case, it mean no windows for
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| | cheaper than property taxes!
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| years. The biggest problem now, is that
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| | Buying A Motel
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| regulations won't allow you to do this in
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| | Most small motels come with living
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| most towns.
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| | quarters. Buy a motel and you get a home
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| The idea has more merit if you don't take
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| | and a job all in one. Just be sure that
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| it to extremes, though. How about buying
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| | the numbers work, and that you want to
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| a smaller house that you can afford now,
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| | work.
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| and adding on later? Be sure that it is
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| | Houseboats
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| possible according to local codes.
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| | In some areas of the south, you can see
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| Buying Land To Build On
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| | hundreds of houseboats in the larger
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| If you can't afford to buy a house where
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| | lakes. There is the allure of living on
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| you want to live, maybe you can buy a lot
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| | the water, but there are also financial
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| on payments while you are renting or
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| | advantages. Used houseboats can cost much
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| living elsewhere. If values are rising
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| | less than houses on land, you can find
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| rapidly, you'll quickly gain equity in
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| | places to park them cheap or free, and
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| your land, which will make it easier to
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| | you don't pay property taxes.
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| obtain financing to build a home in the
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| | Even More Cheap Home Options
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| future.
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| | There are still other possibilities for
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| Living In Your Rental Property
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| | cheap homes, if you really want to live
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| Buying a duplex and living in one of the
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| | creatively. Buying a home with an extra
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| units has been popular for many decades
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| | lot that can be split off and sold might
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| now. Of course, the idea is that the rent
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| | save you thousands, for example. Then
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| from the other unit lowers your net
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| | there are the lifestyle options that are
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| housing cost. This isn't always the case,
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| | beyond the scope of this article, like
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| though. Look closely at the numbers.
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| | living in a school bus, converting office
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| Some of the duplexes around here sell for
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| | space into living space, and building a
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| over $250,000, but get only $500 monthly
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| | log cabin in the woods.
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| rent per unit. It would be cheaper to buy
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