here is an example of a $25k house in my area.
Thread Starter
Joined: Oct 2000
Posts: 17,288
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From: Nashville
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...2383226326&rd=1
it says it has 5 bedrooms, but we'll just call it three and not count the 3rd floor....... it has some ugly yellow paint in the kitchen, appears to have a forced hot air furnace (not radiators, so that is good), 1970's wood paneling on the walls (yummy), and hell....it's got a bay window in that one picture.... and you can walk right down to the mighty susquehanna river in less than a minute......
Their bid price is $24,900, but I would bet that I could get it for under $20k..... then spend $2k-4k painting and other misc things......(it is not very pretty from the outside...so it needs some painting there too) then rent it for $600 / $625 per month.
I wouldn't rent it as a 5 bedroom due to it only having one bath.... that would be torture on the bath and everyone using it...
it says it has 5 bedrooms, but we'll just call it three and not count the 3rd floor....... it has some ugly yellow paint in the kitchen, appears to have a forced hot air furnace (not radiators, so that is good), 1970's wood paneling on the walls (yummy), and hell....it's got a bay window in that one picture.... and you can walk right down to the mighty susquehanna river in less than a minute......
Their bid price is $24,900, but I would bet that I could get it for under $20k..... then spend $2k-4k painting and other misc things......(it is not very pretty from the outside...so it needs some painting there too) then rent it for $600 / $625 per month.
I wouldn't rent it as a 5 bedroom due to it only having one bath.... that would be torture on the bath and everyone using it...
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Joined: Nov 2001
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From: Southern Part of Heaven
That's funny stuff. A place like that in NW Washington, DC would be $600K minimum (though, it would likely be well-maintained and much nicer). I wouldn't be shocked to see it go for $750K in a good neighborhood. $20K for a whole house, though? That's unreal. We just put $5K worth of stone counters in our kitchen, and we have a little 2BR condo. Location, location, location...
