Damsel in Distress !

[Chasity C.]

In need of a bigger pockets Princess or Prince to SAAAAVVVVEEEE ME!

Okay now that that’s over here goes...

Texas resident here...I am interested in purchasing real estate in my home town (Louisiana) that’s a BLINK small & population about 6,500 a homey place where everyone knows one another by name.

The town is going down and it’s upsetting to visit and see how the community is dying away.

Is doing the unthinkable INSANE or nah? Yep rebuilding it...

There is currently a foreclosure listed at $35,900. The lowest the bank will go is $30k 3/2/1500+sqft basic structure is solid but it'll most likely need $50k or less for upgrades based on contractor's observation, ARV $135k!

A house at this price point is a BANK ROBBERY in DFW Texas!

Here is the issue MARKET DIFFERENCES! I was advised not to do this because it’s not worth it...but if I don’t no one will!

So here are my questions:

Who or what determines a market?

Can gentrification be tackled by ONE person?

How do you shift mindsets of people in this space?

What’s the WORST that can happen?

What’s the nearest insane asylum, I’d like to be admitted (I really want to do this)!

What would you advise ALL scenarios considered...

You may enter, Rapunzel has let down her hair!

[Damaso Bautista]

@Chasity C.

Hey Chastity,  although your hear is in the right place, the business of being a real estate investor doesn't match up.  You are looking to save a town for personal reasons and not to make money.  Two very opposite and competing interests.  Unless there is a way for investors to find a way to make money in the town you are referring too, then your dreams of HGTV's hometown is a difficult mountain to climb.

I would like to know why the town is dying.

What drew people to that town Historically.

Is there a current draw that would want to make people move there.

Are there jobs

Some type of natural resources waterfront properties, vacation homes

How are the schools there

These are things I would think people would want to know before investing in a small dying town.

Those are just some thoughts off the top of my head.