Odd situation,
But the small rural southern town I grew up in, has collapsed.
The economy and the sole producer of jobs is terrible and not much is left there.
A fairly large house that I remember looking at all the time across from my old middle school is for sale. I was randomly creeping on Zillow and I saw it was posted for 19,000. I used to think such rich folks lived there and it used to be a good neighborhood.
It’s a two story 3/2 in the dead center of town and needs some serious updating on the interior.
I kinda want to buy it. I make decent money, live in DC and have a real house there already that I usually rent out. I travel for work and pull about 95,000 a year.
I have zero debt and about 60 in savings.
I want to have my parents ( who used to fix up houses ) and live about 15 mins away from this potential place , work on the house which they would be willing to do.
I know that it’s not going to flip and make me rich but I truly don’t think it can go down any lower ha. Also if I hold onto it and pay 10 years worth of WV taxes (100 a year ) I could always try to sell it in the future.
Thoughts from the group mind?
Submitted August 20, 2018 at 12:50PM by Dumbmaybe https://ift.tt/2OSwmL8
