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Thread: House just sold for 1 US dollar?
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[quote=SHESGOTTOBE,316827]I agree. Fixer uppers for investments are actually more headache than profit. But to a homeless person, it would be more than enough. However, he/she still has to pay property taxes on it and pay electricity, water and heat. Many of those being sold for cheap only look good on the outside. The carpets are either ripped or completely soiled, the doors are falling apart, some sections of the walls are missing, the bathtub has a crack, there is no furnace and the basement gets flooded during rainy season. You might as well destroy the whole house and build a new one. You make it like new, the tenants are going to rip the whole place apart while you, the landlord has to make sure that everything is running fine, nothing broken, the lawn mowed or the snow and ice removed. I know one tenant who rents homes and he has a garage just full of stuff for repairing them and a few helpers/carpenters on his payroll.[/quote]
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