[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 21 KB, 500x375, B045B177-8D7B-458C-A955-FF332C84CEBB.jpg [View same] [iqdb] [saucenao] [google]
24881821 No.24881821 [Reply] [Original]

I was browsing Zillow and there was a house I saw that’s for sale for 40k — is this just a no brainer or how could it backfire on me? Their estimate on the mortgage is 250/month and most one bedrooms around me go for $800+. Can I escape the Jews game or is this a bait

>> No.24881890

Location, location, location. Other than that, just make sure you don’t need to put another 80k into repairs

>> No.24882166

>>24881821
There is definitely an issue with the house

>> No.24882168

Just make sure its not in a disenfranchised neighborhood :)
That or invest in heavy security/ 3 german shepards plus 1 pitbull

>> No.24882563
File: 87 KB, 633x640, 1530659504602.jpg [View same] [iqdb] [saucenao] [google]
24882563

>>24881821
is it a foreclosure house? does the listing mention anything about foundation problems? is there a police record at the address (e.g. maybe it was a meth lab)?

>> No.24883257

>>24881821
Houses don't go cheap for no reason. Find out what's wrong with it before you go further

>> No.24883309

>>24882563
To add to this something somewhere previous owners might owe fuckton of property taxes. Look into if wherever youre located has these trick tax schemes. If you buy it you might be liable to pay those taxes

>> No.24883327

>>24881821
Dude are you serious? There is definitely something very very wrong with the house..

>> No.24883470

>>24881821
There are tons of houses under 50k just avoid heavily populated negro areas, fix up the house and learn a thing or two and leave with your 50% profits while living there.

>> No.24883521

>>24881890
Listen to this guy
Buy the worst house in the best neighborhood