Buying Cheap Houses | Rural Small Town Investing

Тәжірибелік нұсқаулар және стиль

Depending on where you are from buying a home for $10,000 might sound crazy but there are still nice and safe communities in America where you can buy homes for $10,000 or less. I will walk you through this home I recently purchased to give you an example of the work needed on a home in this price range.
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Пікірлер: 345

  • @ChristopherAbelman
    @ChristopherAbelman19 күн бұрын

    When I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

  • @PennyBergeron-os4ch

    @PennyBergeron-os4ch

    19 күн бұрын

    If anything, it'll slowly get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

  • @HildaBennet

    @HildaBennet

    19 күн бұрын

    Home prices will come down eventually, but at least for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

  • @JosephineKenney

    @JosephineKenney

    19 күн бұрын

    Do you mind if I ask you to recommend this particular coach you using their service?

  • @HildaBennet

    @HildaBennet

    19 күн бұрын

    “Sonya lee Mitchell’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up a meeting.

  • @JosephineKenney

    @JosephineKenney

    19 күн бұрын

    I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a meeting.

  • @anthonyencarnacion7203
    @anthonyencarnacion72032 жыл бұрын

    Your audience is growing because of the price range your channel deals with.. your not flipping LasVegas, your repairing the heartland.. keep up the great work..

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thanks Anthony 👍

  • @cornbreadfedkirkpatrick9647

    @cornbreadfedkirkpatrick9647

    2 жыл бұрын

    I hated that show.

  • @indianvloggerlakhvir5791

    @indianvloggerlakhvir5791

    Жыл бұрын

    @@cornbreadfedkirkpatrick9647 😡 ?

  • @tericathomas9249

    @tericathomas9249

    Жыл бұрын

    ​@@EverydayHomeRepairsqaàà0😊

  • @subodh3036

    @subodh3036

    Жыл бұрын

    Best comment❤

  • @jake_of_the_jungle9840
    @jake_of_the_jungle9840 Жыл бұрын

    For 10k that’s easy money. My first home was 21k, 1700 square foot log home on 2 acres. Needed everything but I sold for 150k and bought a house on more land and with a garage

  • @briandavis9975
    @briandavis99752 жыл бұрын

    I bought my first house on a hand shake it was very easy I put about 15 grand into it sold it 3 years later and made 104 thousand dollars profit bought another house 3 months later with cash it can be done don't let the banks or mortgage companies intimidate you set your mind to it and make it happen he's right you can do it.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thanks Brian, I completely agree. When everyone else is going left some times it pays to go right 👍

  • @liquidrockaquatics3900

    @liquidrockaquatics3900

    2 жыл бұрын

    If you do it right, you can avoid capital gains too

  • @briandavis9975

    @briandavis9975

    2 жыл бұрын

    @@EverydayHomeRepairs I'm definitely gone all the way right it's what our country was founded on the pursuit of happiness and the land of opportunity land of the free.

  • @lydan6018

    @lydan6018

    Жыл бұрын

    @@liquidrockaquatics3900 How are you doing Chris? I hope you are doing great

  • @fkaziz3548

    @fkaziz3548

    10 ай бұрын

    @brian - for example if someone has $40-60k on hand and living in metropolitan city like los angles, Chicago , and Pittsburgh and want to avoid rental but rather generate income through rental property and living in the same property to minimize the mortgage and create wealth at the same time . How can someone do it what advise you can give

  • @jake9705
    @jake97052 жыл бұрын

    Many of my young friends want to drop $25K to $200K for a "tiny home" trailer... I'm screaming at them to just buy a cheap house in rural America! They're not even that adventurous!

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Yeah, I would not be a fan of tiny homes which are usually a depreciating asset like a car as opposed to an appreciating asset like a home.

  • @lydan6018

    @lydan6018

    Жыл бұрын

    @Jake How are you doing Jake? I hope you are doing great

  • @marathonrunner2590
    @marathonrunner2590 Жыл бұрын

    Often, purchases like this go from "This Old House" and morph into "This Damn House," Kudos to you for all your hard work and inspiration.

  • @BadMannerKorea
    @BadMannerKorea4 күн бұрын

    Another issue, which I don't think you mentioned, is that many old homes have asbestos, lead, etc. These can be damaging to your health if you don't know what you're doing.

  • @lewispaine4589
    @lewispaine45893 күн бұрын

    There's opportunity in places like that at those prices, houses selling for less than the cost of a good used car, no mortgage, no rent, no problem.

  • @ryanmcallister6958
    @ryanmcallister69582 жыл бұрын

    I would love to see you make a series of you flipping a house like this

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thanks for the feedback Ryan, I would actually really like to do that just need to figure out the format. Maybe I just need to place so Go Pros and start swinging the hammer 👍

  • @ChasePhilport

    @ChasePhilport

    2 жыл бұрын

    @@EverydayHomeRepairs seconding this. what a great home. absolute time capsule with all those appliances

  • @EveningGoDs

    @EveningGoDs

    3 ай бұрын

    ​@@EverydayHomeRepairswhat town is this property located

  • @crazycooner
    @crazycooner Жыл бұрын

    What a beautiful house I hate modern stuff and think it's ugly so I think that this house is super beautiful

  • @anthonyencarnacion7203
    @anthonyencarnacion72032 жыл бұрын

    It's cool to see your channel growing.. thanks for taking the time to bring us fans along..

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thanks Anthony, appreciate the kind words 👍

  • @zelium
    @zelium2 жыл бұрын

    Wow, this is a very interesting clip and it expanded my horizon. :) I have never thought or experienced any business like this but I got fascinated by what you have done. Liked it a lot.

  • @thenexthobby
    @thenexthobby Жыл бұрын

    Scott I appreciated finding this video. As you're surely aware, there are several YT channels that feature cheap houses but I think you have a different perspective as a DIY-er and landlord. I'm not an investor but it's a fun thought. It's interesting how most comments here either wanted to buy that same house or suggested tearing it down.

  • @gingerehrhardt843
    @gingerehrhardt8432 жыл бұрын

    I LOVED this video. I've dabbled a bit in buying, rehabbing and selling old homes but can always use help and good advice. Thank you.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    You bet 👍

  • @sarsattacks5760
    @sarsattacks57602 жыл бұрын

    Oh man, that basement was given me flashbacks to the basement in my first house minus the termite damage.

  • @hassanbazzi3545
    @hassanbazzi35452 жыл бұрын

    I will give it to you. This is a very scary deal for me. I have purchased few properties and just a bit of fixing and rented them for 99%. Occupancy and waited until value reach the max. I did all the work myself with the exception of the A/C. Hats off to you. Thank you for sharing

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    That’s great! I am a big fan of rentals and probably no better way to build wealth. 👍👍

  • @ut561
    @ut5612 жыл бұрын

    you should do more walk thrus like this of homes you buy, very informative ;)

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thanks, appreciate the feedback 👍

  • @lestrsnda2580
    @lestrsnda25802 жыл бұрын

    So beautiful home.

  • @Natalia-xo1yj
    @Natalia-xo1yj25 күн бұрын

    The house is beautiful! 🤍🕊️🏡 ☀️☁️✨

  • @annapetrosian4786
    @annapetrosian4786 Жыл бұрын

    Beautiful home imaging during snow

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    Жыл бұрын

    Yeah, with a lot of love the home could be turned to a great home. The lot was really nice!

  • @user-gd5lp3lz9q
    @user-gd5lp3lz9q3 ай бұрын

    Very nice house for my family to start

  • @Saint696Anger
    @Saint696Anger2 жыл бұрын

    Cool house and property

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thx!

  • @blueferral3414
    @blueferral34142 жыл бұрын

    I've replaced a main support beam. It's a lot of work and can be scary at times. Those houses will talk to you when your lifting them!

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thanks for the correction

  • @paulsccna2964
    @paulsccna2964 Жыл бұрын

    The 1970's called and wants that TV back at 4:14

  • @ayanoah2753
    @ayanoah27533 ай бұрын

    Thank you so much You are the best of the best guy l see in my life in youtube or any channel The way you are giving advice is very simple modest for all ppl with different level of education its real and natural You are the king 🤴

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    3 ай бұрын

    Thanks!

  • @duggydo
    @duggydo2 жыл бұрын

    If you ever buy one and do the repairs, that would be a great video series. There are a lot of house flipping shows, but they don't go into much detail from what I've found.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Thanks for the feedback 🤔

  • @leelemon3373

    @leelemon3373

    2 жыл бұрын

    I agree. my wife and I watch a husband and wife do a great job with the cosmetics but never go down in the furnace room. that drives me crazy. you do it all. Big Thanks

  • @jetjan

    @jetjan

    4 ай бұрын

    house flipping on tv is illegal cause I never seem them get city permits for work

  • @isaacfulton7731
    @isaacfulton77312 жыл бұрын

    That's pretty nice for 10k my house ran the same and was a 4 room type house with an add on that was a kitchen

  • @raufchhipa
    @raufchhipa Жыл бұрын

    u r great. reallly appreciate.

  • @danielacker6224
    @danielacker62246 ай бұрын

    Good video thanks

  • @PecosNM
    @PecosNM2 жыл бұрын

    Congratulations on a quick 50% profit!

  • @Andrumen01
    @Andrumen015 сағат бұрын

    4:30, you don't get a refrigerator, but you do get a TV. 😂

  • @adams1625
    @adams16259 ай бұрын

    My concerns about living rural are: Being so rural that you don't socialize with anyone and, in the case of emergency, you are hours away from the nearest hospital. Other than that, I would rural. But I think I am going to have to live rural anyways because its the only thing that's affordable

  • @user-ne8fg6gx2z
    @user-ne8fg6gx2z4 ай бұрын

    Great investment

  • @MrDavePed
    @MrDavePed2 жыл бұрын

    Very interesting. How much do you think it would cost to simply put it on a slab? Tear out the old basement and pour out a big slab and set her down? Maybe just fill in that old garage area also. Do you think that is a viable option? Not worth fixing anything above the basement before making the basement stable or it will just keep splitting apart right? Thanks. ..

  • @careya
    @careya4 күн бұрын

    That property in my area would be $300,000. $10k is insane!

  • @vintagehome-777
    @vintagehome-7775 ай бұрын

    Bought a duplex, 2 units for $150,000 but it needed probably $150, 000 in repairs. Retired in 2020 and took me a full year to fix unit number one for about $25,000 doing all the work by myself. Second unit is being remodeled right now.

  • @Bremend
    @Bremend2 жыл бұрын

    A piece of land near where I live runs you about $50k for 0.19 acres

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Yeah, I am not a huge fan of the lots under 0.2 acres. Just feels like the homes are so packed in but understand the developers are going for highest density of homes possible.

  • @aethulwulfvonstopphen8013
    @aethulwulfvonstopphen80132 жыл бұрын

    I would be shocked if I could find a house like that for 20k here in Ohio.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    I bet you can find houses like this all over Ohio. Just need to look in the smaller communities.

  • @aethulwulfvonstopphen8013

    @aethulwulfvonstopphen8013

    2 жыл бұрын

    @@EverydayHomeRepairs Next time I drive up an hour into the country to pick up raw milk/butter ill stop in the villages and give them a look over. thanks.

  • @stupidloopinfinite4768
    @stupidloopinfinite4768Ай бұрын

    This is amazing! I bought an older mobile home that was in really good shape for the year, but rent the property it sets on (very cheap). However, I want my own land, with an older fixer upper house on it, in the country. I've been racking my brain how to buy an older fixer upper and not be in debt, but it seemed so impossible until now!!! I've known about buying tax delinquent properties for a few years, but never had the time to research it all. Now I babysit my 2 grandchildren and homeschool one of them. So, I have more time to look into this. There are so many abandoned houses in my area, within an hour, any direction you want to take. I've often looked at them and wondered if they were tax delinquent or just someone had them and wasn't doing anything with them. I'm going to be more proactive about finding a tax delinquent home now. I know you said, that you have may possibly have to do 100 inquiries, until you find one. I have the time now, and the persistence. Thank you and the Lord, for leading me to find your video. You've given me hope, and possibly an extra income on the side. 🙏

  • @harshanid3636
    @harshanid36362 ай бұрын

    I appreciate that you are schooling us. I can't get out to see abandoned properties, but I'd like to buy one, repair it, then live in it. Do you have any that you are currently selling, and how to contact you? Much appreciated...

  • @podunkpennsylvania292
    @podunkpennsylvania2928 күн бұрын

    Looks like a fun project. It gets real tough when you have to live in it while demo-remo is going on

  • @CameronFussner
    @CameronFussner5 күн бұрын

    People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

  • @leojack9090

    @leojack9090

    5 күн бұрын

    Buy now, home prices will not go lower. If rates drop, you can refinance.

  • @fadhshf

    @fadhshf

    5 күн бұрын

    The government will have no choice but to print more notes and lower interest rates.

  • @hasede-lg9hj

    @hasede-lg9hj

    5 күн бұрын

    Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.

  • @hasede-lg9hj

    @hasede-lg9hj

    5 күн бұрын

    I won't pretend to know everything, though. Her name is Sharon Ann Menys but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

  • @KarlyNoorda

    @KarlyNoorda

    5 күн бұрын

    Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.

  • @catherinemelnyk
    @catherinemelnyk2 жыл бұрын

    You'd need a professional to go under the house and probably properly support the foundation. You'd need to sand the floors too.

  • @quantumleaper8396
    @quantumleaper83962 сағат бұрын

    This is charming

  • @jake9705
    @jake97052 жыл бұрын

    Some of my friends' house look like that and they're worth $900,000! It's magical what people will spend on old beach-shacks here in Orange County, California 😂

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Yeah, I can only imagine the increase in prices there over the past 18 months. 🤯

  • @konstantinkh

    @konstantinkh

    2 жыл бұрын

    SF Bay Area resident here. I don't think you can buy a collapsed latrine within a full tank's of gas driving distance for $10k. If it's a fully detached house you can actually live in, $1M is the starting point and it goes well up from there. Watching someone talk about buying a serviceable property for 3 moths worth of rent is a strange feeling. Property prices vary across the country, of course, but this particular contrast is incredible.

  • @mosquitorepellent1276

    @mosquitorepellent1276

    2 жыл бұрын

    Same here in Los Angeles. 🤭

  • @fullthrottle619

    @fullthrottle619

    Ай бұрын

    Exact same thing in San Diego

  • @MaMa-qh4dy
    @MaMa-qh4dy2 жыл бұрын

    Anybody got a big match!!!!!

  • @liquidrockaquatics3900
    @liquidrockaquatics39002 жыл бұрын

    Looks like 1930’s home with foundation damage just from what I see in the first room. Radiator heat, so it has a boiler and will lack a lot of ventilation. Plaster and lathe means a lot of demo unless someone can do plaster work. Fixing the foundation and sanding the floor, then adding central air would cost around 40-50k, but would make it worth significantly more. You could easily get 140k out of that. Basement changes everything. That adds another 20k probably for joist repair and electric service upgrade

  • @liquidrockaquatics3900

    @liquidrockaquatics3900

    2 жыл бұрын

    I saw a lot of copper that had replaced the old galvanized, so replumb probably isn’t necessary, but the old two handle faucets and lack of shower might make it not sell.

  • @ddjohnson9717

    @ddjohnson9717

    2 жыл бұрын

    @@liquidrockaquatics3900 yeah the house is a mess. tbh I do not believe flipping this can even make much - complete plumbing and electrical, foundation, plaster. radiator can work well so maybe central air is not needed... sketchy af

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    This one ended up being a quick flip to another investor. After all expenses I made $7,500 after just doing cleanout and digging the dirt out of the basement.

  • @ddjohnson9717

    @ddjohnson9717

    2 жыл бұрын

    @@EverydayHomeRepairs that's sweet. wish we can get this kind of deal in Canada. (spoiler: we can't lol)

  • @ArkMantony

    @ArkMantony

    2 жыл бұрын

    @@ddjohnson9717 lol for real, I wish you could even find anything for

  • @catherinemelnyk
    @catherinemelnyk2 жыл бұрын

    All new wiring, new plumbing, the bathroom is a gut job, insulation. Whew!

  • @jorgegiacchetti8719

    @jorgegiacchetti8719

    Жыл бұрын

    hello, i'm Jorge, a pilot from Lima peru, working with LATAM airline. i came across your page here through the utube suggestion for me so i thought to write to you. where are you from? Write me when you can and do have a nice day and may God bless you°^

  • @tedlahm5740
    @tedlahm57402 жыл бұрын

    Needs help is an understatement. What is the lot worth! Cleared.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Maybe $30K but it could sit for a year or more. Lots aren't usually in high demand even though this would be an AWESOME lot in this small town.

  • @banditdog1338
    @banditdog13385 күн бұрын

    This is possible but the sweat equity scares people off. I picked up a house on 3 acres for 20k on city water flipped it in my spare time, sweat equity and made 60k. Not easy but doable if you are young and poor and want a home get your hands dirty and make it happen do not bury yourself in debt.

  • @JMVideos7676
    @JMVideos7676 Жыл бұрын

    Wow, does that great tube TV come with the house? With termite damage, mold, and water damage, it looks like a total tear down and re-build to me.

  • @weekendhomeprojects
    @weekendhomeprojects2 жыл бұрын

    A $10k house, that is insane. Can't even get a lot for $10k that size in East TN

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Yeah, each market is a bit different and most are much higher comparing to the prices in these small towns around Illinois.

  • @Kevin-sm8pn

    @Kevin-sm8pn

    2 жыл бұрын

    Well, he did specifically say rural small town in the title, lol.

  • @weekendhomeprojects

    @weekendhomeprojects

    2 жыл бұрын

    Should have been “Really really, I mean really rural” to really drive home the point.

  • @jetjan

    @jetjan

    4 ай бұрын

    house is very old & probably wooden house-no solid blocks with mortar joins & has many problems-fixing up o city code will probably cost at least $50,000

  • @davesusek3330
    @davesusek33304 ай бұрын

    Great potential but I would have it jacked up for a new foundation.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    4 ай бұрын

    Yeah, it was pretty rough

  • @mdrmanuel
    @mdrmanuel Жыл бұрын

    Where did you find the buyer? Networking? That would be another interesting video

  • @walterpiar2859
    @walterpiar2859Ай бұрын

    As far as I know, November wiring, as well as glass fuses, have been illegal for a very long time.And you're not supposed to even able to sell a house with either of those things without it being redone.Before it is sold , you definitely cannot keep those things in the house if you have it and we're going to remodell

  • @10p6
    @10p62 жыл бұрын

    I did a remodel on a house not to dissimilar to this about 15 years ago. In hindsight I should have just got an excavator and dumpster and sold the land with utilities and septic, or just put a modular home on it.

  • @lydan6018

    @lydan6018

    Жыл бұрын

    @10p6 How are you doing? I hope you doing great

  • @satsadhu
    @satsadhu10 күн бұрын

    nice 👍

  • @daleferguson1233
    @daleferguson12338 ай бұрын

    😅😅😅 replacing that beam. Would be EZ. I'm a Union ironworker. So, you know I Would put Steel in its place. I would also gut out the walls and fill them in with AIR-CREET😮. You'll never have to worry about cold or Hot summers again😂.

  • @ryanchapman2962
    @ryanchapman2962 Жыл бұрын

    Money saved is money earned

  • @giselstarr3510
    @giselstarr35104 ай бұрын

    Hi great video! Can you tell us what state is this to get an idea please Thank you awesome video!

  • @craigconway4093
    @craigconway4093 Жыл бұрын

    Awesome :)

  • @Sam-ey1nn
    @Sam-ey1nn2 жыл бұрын

    For a house in a condition this bad, is it even worth gutting and fixing up? Seems like a tear-down to me. Put up a new, larger house with modern building codes and the nice sized property.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Completely depends on the area. In a higher priced market you would just scrape the lot and start fresh but not in some of these small towns.

  • @Sam-ey1nn

    @Sam-ey1nn

    2 жыл бұрын

    @@EverydayHomeRepairs Unless you get free labor from doing it yourself or with partners, I don't see how any investor could rehab a house in this kind of shape for less than it would cost to build a new one. Actually I'm surprised the house isn't condemned with that level of structural damage. Seems unsafe just to be inside of it.

  • @donaldlee6760
    @donaldlee67602 жыл бұрын

    I really like that house and as someone that enjoys DIY, I'd feel fine to do almost all the work myself (and likely enjoy much of it too), however I can only assume that area has no jobs, so who is going to rent or buy a home in a place with no jobs and almost certainly with a high poverty rate, which would be an awfully depressing place for a financially intelligent person to retire to?

  • @GWang-ex1bk

    @GWang-ex1bk

    2 жыл бұрын

    Same question

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Hey Don, actually not true. I can see how that is true in certain parts of the country but in this part of Illinois there are plenty of jobs within 30 mins drive. Like most places we have a skilled labor gap so many companies are hiring and are pretty aggressive with the pay and benefits.

  • @GWang-ex1bk

    @GWang-ex1bk

    2 жыл бұрын

    @@EverydayHomeRepairs Nice deal!

  • @GWang-ex1bk

    @GWang-ex1bk

    2 жыл бұрын

    @@EverydayHomeRepairs can't wait to see how it looks like after you finish it

  • @donaldlee6760

    @donaldlee6760

    2 жыл бұрын

    @@willbass2869 - if you're right then this could be an even better investment. I assume one of their main life goals is for their kids to have a better life then they did (as is one of my life goals for my own kids) so it stands to reason a town full of Afghans will become financially vibrant as the decades pass and they work hard to gain wealth.

  • @trankt54155
    @trankt541552 жыл бұрын

    Go to Pine Ridge, SD or White Clay, Nebraska and you can buy a house for $5,000........

  • @user-gd5lp3lz9q
    @user-gd5lp3lz9q3 ай бұрын

    I like it

  • @jetjan
    @jetjan4 ай бұрын

    problem with huge tree-what if it lands on your house-I assume homeowners insurance won't cover it???-and how much to save house if you wanted to keep it

  • @jake9705
    @jake97052 жыл бұрын

    What would it cost to fix the center supporting-beam? I realize you're not fixing that beam but it seems the whole value of the house hinges on that beam... literally.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    That is tough to say. If I did it with a few guys that work on my projects we would be in for less than $500 in materials but probably about $2,000 - $3,000 in labor. The challenge is hiring this out it is tough to find someone that knows what they are doing without charging about 5X -10X the cost. This type of project can vary widely in terms of the quotes you will get back so best to get at least 3+ quotes. Cheapest is not always the best.

  • @jakob27
    @jakob2715 сағат бұрын

    I feel like he got this place and realized it was a money pit, decided it would make a good KZread video and off loaded it quickly. I don't blame him.

  • @harryleist4968
    @harryleist4968 Жыл бұрын

    I'm wanting to find a cheap house or mobile. I want to use it for a get away. In the mountains near scottsville Virginia. Do you have any ideas how to find something like this?

  • @hannahshepherd9073
    @hannahshepherd90732 жыл бұрын

    Yes, great video, where can I find a small senior friendly one level cottage at a reasonable price?

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    🤔 where do you live?

  • @hannahshepherd9073

    @hannahshepherd9073

    2 жыл бұрын

    @@EverydayHomeRepairs the big old cold state of Maine with an 80 lb rescued dog that nobody wanted.

  • @hannahshepherd9073

    @hannahshepherd9073

    2 жыл бұрын

    @@EverydayHomeRepairs all I need is the size of a 2 car garage with a yard for pooch. I can't do stairs anymore, willing to move .

  • @donnapoole7341
    @donnapoole7341 Жыл бұрын

    I like to buy a cheap Houma for an art studio . Have family come and visit the state I am living in now

  • @Kevin-sm8pn

    @Kevin-sm8pn

    Жыл бұрын

    If you want a cheap house, you have to go where the cheap houses are. You can't find a cheap house in an expensive area.

  • @mssixty3426
    @mssixty34262 жыл бұрын

    That is one of the scariest houses I've ever seen. The condition of the basement is far worse than the one that was my grandmother's and now belongs to my Aunt. The size of the property is where the most value is - I would check the flood plane maps, that amount of water damage and influx of soil is from more than just the downspout.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    The home is actually perched up on a little hill and well out of any flood planes.

  • @Matt-tz4hn
    @Matt-tz4hn2 жыл бұрын

    I'm definitely in the wrong country. Finding a home at that price would be tough anywhere near Toronto. Even 200 miles out of my zone would still be pricy.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    Oh man, yeah Toronto Real Estate has been insane over the past 10+ years

  • @jomo4435

    @jomo4435

    2 жыл бұрын

    200 miles haha does that get you outside Toronto surrounding area ....Too bad others got there first haha

  • @jomo4435

    @jomo4435

    2 жыл бұрын

    Haha that really sounds like b.s you actually put the time into look...300 klms ....0% interest rates has allowed anyone and their mothers to be able to flip houses.....using 0% interest as a short loan haha ....of course the prices are high particularly when those participate and support this agenda....beware interest rates are coming with a vengeance soon enough

  • @Matt-tz4hn

    @Matt-tz4hn

    2 жыл бұрын

    Yeah, made a mistake. Then thought a correction was coming. A big percentage of our GDP is based on housing here. You are both right though, there are always opportunities to find something under market value, if I did more of the footwork. I do enjoy watching your channel, you have lots of practical solutions for problems that will occur in any renovation. Thanks

  • @user-vp4bi3sh8b
    @user-vp4bi3sh8b4 ай бұрын

    Im interested in auctions foreclosures for flipping

  • @GULFSTREADREAM
    @GULFSTREADREAMАй бұрын

    As a contractor and a person who has renovated and flipped homes the only thing I’m seeing good about this home is the property. It would be too much time and money trying to repair . it should be torn down and a newer home built

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    Ай бұрын

    Yeah, I really like the lot as well. I agree this is not an ideal fix and flip. The best option for this one was a young tradesman who wanted to put in some sweat equity.

  • @thehungrygoldfish

    @thehungrygoldfish

    28 күн бұрын

    Its 10k. Did you expect a custom brand new house done to your exact specifications? No duh any house at this price will need lots of work.

  • @catherinemelnyk
    @catherinemelnyk2 жыл бұрын

    Pretty amazing...you can't get a decent vehicle for 10G.

  • @Burak-rc1pn
    @Burak-rc1pn28 күн бұрын

    Hi, i have a question sir -This house have a anti-thief system? -This hood are safe or dangerous? Beacuse this questions really important for buying house-propority. Btw im sorry for my english Thanks

  • @jomo4435
    @jomo44352 жыл бұрын

    The reality of good economic living

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    💯

  • @dukefrywokker6470
    @dukefrywokker64702 жыл бұрын

    Wait, am I missing something here? You aren't taking into account all the other work that needs to be done on this house. You are going to fix the support beam, right? Are you going to update the interior at all? You are going to fix the downspouts too? What about the plumbing, the appliances, etc? Or are you just digging out the dirt and then flipping it for $21k? If so, wow! Someone would pay that much for that dump? The dirt's really the part that makes it $10k? If you are doing any or all of the other work, those costs weren't in the video. And like others have said, I'd like to see a series of some kind on the process and time to flip this house.

  • @jomo4435

    @jomo4435

    2 жыл бұрын

    Haha your the reason house prices are so high adding your middle man profits buying and selling fees every time a house is flipped haha

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    For this home I am simply passing the deal to another investor. The next investor will do the rehab and has potential to make significantly more profit with significantly more work than I put into this property. If you purchase properties under market you have many options for an exit which can be profitable.

  • @tracythompson1692

    @tracythompson1692

    2 жыл бұрын

    I would probably pay him 22k for it as is and i am in NC! He got a good deal on the buy side, price is what you pay, value is what it is worth.

  • @dukefrywokker6470

    @dukefrywokker6470

    2 жыл бұрын

    @@EverydayHomeRepairs So you already have someone lined up? If not, I guess it's not hard to find someone then? How much are they going to put into the house and how long will it take them and what kind of final selling price to a family are we looking at for this place?

  • @yolandagomez9255
    @yolandagomez9255 Жыл бұрын

    I would really love a property like this but one that's all ready to move in. like it would already be fixed up but selling for like you said around 25,000. how would I find a deal like this? I live in Columbus Ohio, how would I go about financing something like this? or would I have to go outside of Ohio.?

  • @thehungrygoldfish

    @thehungrygoldfish

    Жыл бұрын

    Already fixed up, as in already renovated? No, lol. You will definitely not find a newly renovated house done to your exact specifications for $25k. lol And you would have to pay in cash.

  • @robertorivera2747
    @robertorivera27472 жыл бұрын

    demolition and rebuild

  • @ke0wpc
    @ke0wpc2 жыл бұрын

    Either a really old person lived there alone or that house was abandoned. No one capable of repairing things could have lived there.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    It was an older lady, she probably hadn’t been down in the basement for 10 years.

  • @donnapoole7341
    @donnapoole7341 Жыл бұрын

    What state is this little house in cute house.

  • @jillgebauer1292
    @jillgebauer1292Ай бұрын

    I would love to know if you are still doing this?

  • @Gen-Atari-X
    @Gen-Atari-X15 күн бұрын

    Contact local fire department and offer them a free training house burn down. If they agree buy the property because the lot itself is worth ten grand. Clean up anything that's left after the burn and put up a decent new house with minimal investment. Flip and enjoy.

  • @peterpowers4851
    @peterpowers48512 жыл бұрын

    What would the costs look like to bulldoze the house and to put up a prefab?

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    The "scrape" the lot in this country which would get it back to dirt you are looking at about $20K - $25K. Then the cost of foundation and prefab. With material prices where they are I don't think it makes a ton of sense even though the lot was great 👍

  • @catblue6393
    @catblue63932 жыл бұрын

    That garage might be somewhat suitable as a tornado shelter. Reinforce the roof. / I like wood floors. / A lot of work to be done in that house.

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    For sure, but it actually make a great home after some hard work is put in.

  • @joniportwood1974
    @joniportwood19742 ай бұрын

    Would you have to pull a permit to replace the structural beam in the basement in that community?

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 ай бұрын

    Nope, pretty wide open in that small town.

  • @norfboychops4186
    @norfboychops41862 жыл бұрын

    Where did you find this home? I'm going to guess somewhere in ohio or Iowa?

  • @mikhailivanov3378
    @mikhailivanov33782 жыл бұрын

    Can you explain, why this scheme with 2 investors works better than usual scheme with you as a wholeseller, or you, working for the second investor?

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    This home is in Illinois and as such we can only wholesale 1 home per 12 months. This home in another state would be a good wholesale candidate but I usually purchase the homes and at least do a little work prior to moving them on to another investor or home owner.

  • @Artoriastempest7772
    @Artoriastempest77722 жыл бұрын

    What area is this, very interested looks so peaceful

  • @EverydayHomeRepairs

    @EverydayHomeRepairs

    2 жыл бұрын

    This is rural Illinois around Danville, IL.

  • @mummy2933
    @mummy29333 ай бұрын

    I am keen to buye 605 Square Yards 1/8 of Acre land in Monroe West .

  • @josephguerrero1351
    @josephguerrero13517 ай бұрын

    Can you send me a listing for something like that in a decent area, I prefer farming areas. Thank you.

  • @Sam-ey1nn
    @Sam-ey1nn2 жыл бұрын

    As you were listing the massive amount of work this house needs I was wondering if you'd say you're doing it all yourself. Replacing those beams certainly is not something you could do alone.

  • @MsGlowreah
    @MsGlowreahАй бұрын

    ❤❤

  • @paulsccna2964
    @paulsccna2964 Жыл бұрын

    It seems like for $10K, it would be better to just demo the entire house. Just hire a company to come and just level the house, take it away and then build new.

  • @thehungrygoldfish

    @thehungrygoldfish

    Жыл бұрын

    It would cost a lot more money and take a lot more time and you would have to hire an architect, someone you wouldn’t need if you were simply renovating.

  • @hombreenbusca1532
    @hombreenbusca1532 Жыл бұрын

    Maybe you can get me a repaired home like this close to Houston. I would buy it at a good profit for you and good price to me too. Looking to live in a less crowded place out of Houston.

  • @thehungrygoldfish

    @thehungrygoldfish

    Жыл бұрын

    Um, that's not how it works, lol. If you want a cheap house, you have to go where the cheap houses are. You can't expect to find a cheap house in an expensive area, especially if you want move-in-ready done to your exact specifications. Most cheap houses are going to be in rural small towns. They're not going to be i hotspots like Houston. Everyone and their mama wants to live in Houston! It's hot, hot, hot!!!!!!

  • @hombreenbusca1532

    @hombreenbusca1532

    Жыл бұрын

    Thanks for your reply. Please see if you can get me a house I can repair in a small town. I don't have repair skills, but maybe you can help. Thanks

  • @thehungrygoldfish

    @thehungrygoldfish

    Жыл бұрын

    @@hombreenbusca1532 it’s going to be nowhere near where you want it to be. Like the area this guy is talking about is small town Illinois.

  • @SueLall1008
    @SueLall10083 ай бұрын

    Which town and state is this property in?

  • @raufchhipa
    @raufchhipa Жыл бұрын

    do u have this kind of house, a small house in GA and premises. How much does it cost. V have 3 persons only. Make sure the amenities available in area or surrouinding please.

  • @thehungrygoldfish

    @thehungrygoldfish

    Жыл бұрын

    That’s not how this works, lol. You have to go where the cheap houses are. You can’t look for cheap houses in a specific location.

  • @TheresaWebster-rz5ny
    @TheresaWebster-rz5nyАй бұрын

    I dont know i think you have to put a lot of $$$$ in that house .its great set but lots of work sure only 10.000 but how much will you put in the work

  • @thehungrygoldfish

    @thehungrygoldfish

    28 күн бұрын

    Any house at this price range will need work. You’re not going to get a brand new custom house done to your exact specifications for $10k lol

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