Millennials are snatching up ‘cheap old houses’ via Instagram

NY Post ^ | By Shayne Benowitz August 5, 2020 | 11:38pm | Updated

[mylife]

I hate that commercial!

[setter]

:Cheap houses come with a price.”

Same with old antique cars.

[setter]

“couple Nick Weith and Damian Mordecai “

enuff said..

[mylife]

I could rule the world if I could only get the parts!

[libh8er]

Cheap is expensive.

[RainMan]

I live in Seattle, but have stopped flipping (margin too low, risk too high). Multifamily is focused on Dallas, Houston, Phoenix, Las Vegas and most of Florida. Currently invested in 600+ units.

[marktwain]

Cheap guns often increase in value with the years....

[mewzilla]

Cheap houses come with a price.

But lower property taxes. I speak from experience. :-)

[mewzilla]

If you choose wisely, cheap doesn’t have to mean expensive.

[moovova]

The closest the wife and I ever came to blows...spray painting kitchen cabinets in her condo before we were married.

[setter]

“Betsy Sweeny, a 27-year-old bought a turn-of-the-century, “eclectic-style,” red-brick Victorian home on the east side of town for a mere $18,500”

East Wheeling is a rough ghetto. Pretty gal. She will have to lock herself in at night like the Omega Man.

[libh8er]

True, but the ‘wise’ is lacking in a lot of people.

[4yearlurker]

As someone who used to bang nails for a living,remodeling sucks. Every handyman has been in the house through the years doing their halfa$$ repairs before you. Nothing is plumb,level,or square. The more stuff you tear out the more repairs you find. I will say I've seen more bad carpentry/construction work than good.

[gr8eman]

Truth. Nothing like a good money pit to teach the hard lessons. That’s how I learnt/am learning!

[LittleBillyInfidel]

Wow! Congratulations! Yeah, these low margins are getting old, but I just stumbled on a mid century modern that should bring over six figures in profit. Lots of design homework to do, so if you’ve ever done one, would love your advice!

[mylife]

Yes, you dont buy the nicest place in the hood, you buy the cheapest place in a nice neighborhood.

[Damifino]

There may be a silver lining in this. Once these folks get a taste of building permits, inspections, contractor licensing, ordinances, insurance... there may be a few conservatives come out of the experience.

[MortMan]

It just keeps going “Round and Round” in your head!

[shotgun]

I wouldn’t mind to be her handy-man

[TexasM1A]

I wonder how much mold is in it, or asbestos..