Buying my first house.
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Josey and I almost bought a house like that for our first. We missed it by about 5 days and another buyer got it. This was in 2002 - we could have had it for $60k. You should see the house now - it's beautiful. If you put the right work in to that place and you got in low enough, you'll come out way ahead. Good luck 
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pretty much as long as the foundation, framing, and hard to access plumbing are in decent shape, and the price is cheap, you will come out ahead.
a new good roof, good windows (fiberglass frame milgard), and complete exterior paint would only be around $40k tops.
the interior could be completely gutted and replaced with nice contemporary stuff for roughly $80k on the high side.
our house was not in bad shape but it wasn't great either. the exterior is fine, was updated with windows and new stucco in '01, and the roof was put up in '03, all before we bought it. we're doing as much interior replacement as possible without replacing the drywall and showers / tubs, and getting new furniture, for under $60k.
there's tremendous potential there to make it into a very nice house at a killer price.
a new good roof, good windows (fiberglass frame milgard), and complete exterior paint would only be around $40k tops.
the interior could be completely gutted and replaced with nice contemporary stuff for roughly $80k on the high side.
our house was not in bad shape but it wasn't great either. the exterior is fine, was updated with windows and new stucco in '01, and the roof was put up in '03, all before we bought it. we're doing as much interior replacement as possible without replacing the drywall and showers / tubs, and getting new furniture, for under $60k.
there's tremendous potential there to make it into a very nice house at a killer price.
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Originally Posted by Sky92x
95678, pretty close to baseline.
is it over by kaesberg?? I think I know where that is... Congrats on the purchase, That would be awesome if I could get into something like that and fix it up and make some money.
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From: Deep in a secret lair under Denio's.
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Originally Posted by STi deede
Congrats dude. I wouldn't mind doing something like that, but if I lived in it, it'd have to store all my toys, becuase I'm worried they'd get stolen.