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Just bought a house for $9,000...

Discussion in 'The Unscripted Entrepreneurial Mind' started by YoungPadawan, Sep 5, 2018.

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  1. Sep 5, 2018 #1
    YoungPadawan
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    YoungPadawan Miles to go before I sleep Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Yep, just bought a house.

    Is it a super sexy house that will have hordes of women knocking on my door, oogling at my new abode?

    Nope, not really. It's an older house and has some work that needs to be done with it. (Drywalling, updating the HVAC system, and tearing out the shagadelic calico orange carpet)

    But it does something critical for my future unscripted lifestyle. It gives me mortgage-free freedom.

    What's the best part? It's a 4 bedroom, 2 bathroom house and I have someone lined up to rent out the other half of the house.

    Living for freeeeeee! Similar to what @G_Alexander did quite a few years ago in one of his threads I think. (House hacking)

    I'm pretty pumped to say the least. I've also been developing a product for the past 3 months and I plan on turning the living room into a fulfillment center... lol

    On my way to becoming unscripted, baby...
     
    Last edited: Sep 6, 2018
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  2. Sep 5, 2018 #2
    EtoCrisis
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    EtoCrisis New Contributor

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    Props. Mind if I ask what city? I’m guessing it’s in a rural area?


    Sent from my iPhone using Tapatalk
     
  3. Sep 5, 2018 #3
    minivanman
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    minivanman Gold Contributor Speedway Pass

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    I have a friend that we will call Kevin, cuz that was his name :) , and he bought a house in about 1992. Had 3-4 roommates..... never paid 1 penny for rent or bills and now has a paid for, very nice house. He has never talked about any other of his finances but I'm sure he has saved and saved.
     
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  4. Sep 5, 2018 #4
    YoungPadawan
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    YoungPadawan Miles to go before I sleep Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Yep, it's in a microscopic town, which is a big reason why it was so cheap. (population of 125) It's in Southwestern Minnesota.
     
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  5. Sep 5, 2018 #5
    Jaden Jones
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    Jaden Jones Igloo Builder Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

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    I could buy a house up here for $9000, I just need to have it removed from the property its on...
     
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  6. Sep 5, 2018 #6
    EtoCrisis
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    EtoCrisis New Contributor

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    That’s awesome. Good for you


    Sent from my iPhone using Tapatalk
     
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  7. Sep 5, 2018 #7
    YoungPadawan
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    YoungPadawan Miles to go before I sleep Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Yeah, it seems like a good way to go. I've lived in uptown Minneapolis for a couple years and paid 1/3 of what I made in my job just to pay rent. I moved back home and the wages seemed to stay the same, yet now I'm paying way less with my cost of living.
     
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  8. Sep 5, 2018 #8
    rollerskates
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    rollerskates Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Awesome!
     
  9. Sep 5, 2018 #9
    kelvinfernandezm
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    kelvinfernandezm Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Awesome congrats. I plan to do house hacking too but in a big city. I used to live in a rural area where the homes were cheap but I did not like the environment. Small towns seem so dead it was not motivating at all.
    The other negative of small towns is that logistics are slow and some don't even have internet access.
     
    Last edited: Sep 6, 2018
  10. Sep 6, 2018 #10
    Vigilante
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    post pics
     
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  11. Sep 6, 2018 #11
    YoungPadawan
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    YoungPadawan Miles to go before I sleep Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Here it is:
    house19.jpg













    Lol, just kidding. Here's the rest:
    house18.jpg house16.jpg house14.jpg house13.jpg house12.jpg house11.jpg house10.jpg
    house1.jpg
     
    Last edited: Sep 6, 2018
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  12. Sep 6, 2018 #12
    YoungPadawan
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    YoungPadawan Miles to go before I sleep Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    First Floor: house5.jpg House3.jpg house4.jpg house6.jpg House7.jpg House8.jpg
     

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    Last edited: Sep 6, 2018
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  13. Sep 6, 2018 #13
    YoungPadawan
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    YoungPadawan Miles to go before I sleep Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I definitely have a lot of work ahead of me, but I'm pumped!
     
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  14. Sep 6, 2018 #14
    LarsJelle
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    My town you can't even buy a garage for $9000 lol.

    Well done!
     
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  15. Sep 6, 2018 #15
    G-Man
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    G-Man Legendary Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    Just the lot that's on is 300k+ where I live. Maybe I need to move :)
     
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  16. Sep 6, 2018 #16
    ryanbleau
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    Kansas city has plenty of houses around that, but not nearly that size or the lot size. good score.
     
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  17. Sep 6, 2018 #17
    Lex DeVille
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    Plenty of 'em around Troost and Prospect I bet.

    :D

    Don't mind the bullet holes, it's a fixer upper!
     
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  18. Sep 6, 2018 #18
    Marcello8
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    Why not to share some pictures of your house? Would be glad to see them here. :)
     
  19. Sep 6, 2018 #19
    GPM
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    GPM Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    Nice. I love those green carpets!

    I lived in a place that looked pretty similar to that in a rural Canadian location for about 2.5 years. Rent was $400. It was great. Split that with my cousin who I was living with at the time. Allowed me to save a lot of money
     
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  20. Sep 6, 2018 #20
    Sebastya
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    Congrats man.
     
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  21. Sep 6, 2018 #21
    Vigilante
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    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Fantastic
     
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  22. Sep 6, 2018 #22
    garyfritz
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    Oh hell, that carpet isn't too bad. You should have seen the 2" shag damn-near-fluorescent-orange carpet I had in my first apartment. It went well with the orange-and-silver geometric-pattern wallpaper... **shudder**

    Good score on the house!
     
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  23. Sep 6, 2018 #23
    Charnell
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    Hey neighbor. People don't know how inexpensive housing is in those rinky dink towns.
     
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  24. Sep 6, 2018 #24
    YoungPadawan
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    YoungPadawan Miles to go before I sleep Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Heck yeah! That's the truth.

    I was reading on one of the documents my realtor gave me that said the yearly property tax rate for this house is $89... :hilarious:
     
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  25. Sep 7, 2018 #25
    Kak
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    A big congrats! Very good move.
     
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