He Bought a House for $5,000 - a podcast by Cody of Fly to FI and Justin aka Saving Sherpa
from 2023-11-01T10:00:20
Real estate prices are out of control... right?
In today's episode, you'll hear how Justin bought a house for just $5,000.
No, that's not a typo, $5K!
The craziest thing is that the place is in decent condition:Single levelConcrete foundation
Simplest roof possibleNo interior water damage
This house is a big project, but Justin estimates he can finish everything for under $25,000.After running the numbers, this property should blow the 1% rule out of the water.
Justin is expecting to rent from anywhere between $700-$850 depending on how nice he ends up making it and how it's rented.
We'll definitely be sharing updates about this one-of-a-kind property in future podcasts.
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