Did you really use a $50k house that needs at least $100k in repairs in a terrible neighborhood of Cleveland, Ohio as an example? Are you trolling? This might be the worst house for sale in America.
Seriously? You think that’s the worst house in America? There’s not even pictures of the inside because long term tenants live there.
Thats not a bad area. Thats W.46 between Storer and Clark. I could open zillow again, and try to find some of those $2,000 dollar houses if you want to see some houses that need repairs. And they’d be in the actual ghetto.
I would say that the likelihood of being able to live in the house you linked to without repairs that would cost far, far more than that is highly unlikely. But hey, you inhale all the black mold spores you like. Don’t let me stop you.
Also, maybe you have $70,000 on hand to buy a house, but most people have mortgages, and after you pay your mortgage and your utility bills and buy food, I don’t think much of that $1500 will be left. If you even make enough.
There’s not even pictures of the inside because long term tenants live there.
Lol there aren’t pictures of the inside because the tenants have destroyed the place and are refusing to pay rent, and the landlord - having learned that investing in rental properties is not always the money-printing panacea it’s cracked up to be - is desperate to escape from the situation.
Did you really use a $50k house that needs at least $100k in repairs in a terrible neighborhood of Cleveland, Ohio as an example? Are you trolling? This might be the worst house for sale in America.
Seriously? You think that’s the worst house in America? There’s not even pictures of the inside because long term tenants live there.
Thats not a bad area. Thats W.46 between Storer and Clark. I could open zillow again, and try to find some of those $2,000 dollar houses if you want to see some houses that need repairs. And they’d be in the actual ghetto.
This is what you said before:
Where are you planning to live on that interest? Because it won’t be in that house.
You don’t think you could live in a $70,000 house, that’s fully paid off, with $1,500 a month?
I would say that the likelihood of being able to live in the house you linked to without repairs that would cost far, far more than that is highly unlikely. But hey, you inhale all the black mold spores you like. Don’t let me stop you.
Also, maybe you have $70,000 on hand to buy a house, but most people have mortgages, and after you pay your mortgage and your utility bills and buy food, I don’t think much of that $1500 will be left. If you even make enough.
Lol there aren’t pictures of the inside because the tenants have destroyed the place and are refusing to pay rent, and the landlord - having learned that investing in rental properties is not always the money-printing panacea it’s cracked up to be - is desperate to escape from the situation.