Ok every one here goes.
I am currently in a fsbo arrangement. I pay 350 a month or 1,050 every three months depending on my wallet at the time. I have been in this location since 09. The previous land lord did not want to sell because his family built the house. After he passed his wife said directly. I do not want to be a landlord, I have no want for this. If you are not interested in buying, take your time but I would like for you to move.
So we agreed on 25,000+new roof 4,900 (also in payments) totaling 29,900
It is two lot's total tax value of 38,???, It is in the city. the whole time I have lived here I have only been late on rent. maybe a day or two depending on payday from work.
I took this deal for a couple reason's 1) All the other houses on the street are selling for 69-79 although in much better shape. 2) It gives me the time line of 5 or 6 years to get it fixed to meet the other prices on this street. 3) it is only 2 miles from work. 4) not in including the roof, If I can come up with a lump some she will lower the price. 5) this one to me is the most important, I can own a house, should something happen it won't hurt my credit report.
Although now two payments in, I am thinking I could middle man it, and stay the renter or just wait it out.....full attic, full basement, modern but not new electric, same with the pipes. Gas heat and hot water I want to change to electric. two bedrooms. needs work such as the kitchen floor, paint. popcorn ceil has holes do to the leak that will finally get fixed next week.
well what do u all think. at the end I could rent it , or sell it?