Quote:
Originally Posted by PSYH
Thanks, that seems to be the best advice so far. It is definitely tempting to move into a house that's in "move-in" ready condition, but I see how that will screw me over in the end.
Let's just say I do find a fixer-upper in a good and desirable neighbourhood and I don't have the funds to do any updating in the near future. Is that a good idea? Why or why not? Or is it better for me to save up some more so that I can afford to do some renos (or buy furniture lol) after I close?
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I am closing on a move in home that is in pristine condition. I looked at fixer uppers but I just do not have the time since I'm at the dealership 55 hours a week.
I started looking at foreclosures in the beginning of my journey thinking they were great for a 10 year plan -- buy cheap and then sell high.... but after inspection after inspection they just aren't worth it.
I was going to buy this one which coincidentally is my own customer's old house. It's sad he went into foreclosure but a $700k house on the foreclosure market for $410k sounded good right? (see pics)
It needed about $60k into work b/c he trashed a few things.
I did not want to overextend myself on a first home and moved on... plus, I lost the bid so it wasn't meant to be.
The house I am closing on in 3 weeks is immaculate with a decent property, new boilers, new heater, only 15 years young.
just be patient and don't settle!