Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

Your audience is growing because of the price range your channel deals with.. your not flipping LasVegas, your repairing the heartland.. keep up the great work..

I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how.

When I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

Often, purchases like this go from "This Old House" and morph into "This Damn House," Kudos to you for all your hard work and inspiration.

I bought my first house on a hand shake it was very easy I put about 15 grand into it sold it 3 years later and made 104 thousand dollars profit bought another house 3 months later with cash it can be done don't let the banks or mortgage companies intimidate you set your mind to it and make it happen he's right you can do it.

What a beautiful house I hate modern stuff and think it's ugly so I think that this house is super beautiful

Cheap house= money pit that you'll regret! I bought a cheap house, years ago, and had to replace the electric, plumbing, roof, repair the foundation and NUMEROUS other things, that ended up costing about the same as a new, or newer home.

The midwest is full of these affordable smaller homes, and not far from some cities.

There's opportunity in places like that at those prices, houses selling for less than the cost of a good used car, no mortgage, no rent, no problem.

This is a very sweet old house. These can be saved and enjoyed for 100 more years. All it needs is a little love. Paint, carpet and an electrical once over. The structural issue is tough, but in a small house should be manageable.

I like that the insurance company most likely paid more for the roof than you did for the house. 😂

I did foundations in a previous life before 08. So a lot of leveling from these older houses on post-and-block from doors not closing to feeling like a fun house. It might be salvageable, depending on how many other things have been eaten by the termites. Fixing the foundation issues, replacing all those floor joists, replacing all the electrical and plumbing is not for the faint of heart and will cost a pretty penny. If it was for a more substantial flip, I don't know if it would be profitable. But even as a teardown, getting 0.7ac for $10k is wild compared to out here. A comparable property would probably be $200k here.

I would love to see you make a series of you flipping a house like this

I will give it to you. This is a very scary deal for me. I have purchased few properties and just a bit of fixing and rented them for 99%. Occupancy and waited until value reach the max. I did all the work myself with the exception of the A/C. Hats off to you. Thank you for sharing

For 10k that’s easy money. My first home was 21k, 1700 square foot log home on 2 acres. Needed everything but I sold for 150k and bought a house on more land and with a garage

Bought a duplex, 2 units for $150,000 but it needed probably $150, 000 in repairs. Retired in 2020 and took me a full year to fix unit number one for about $25,000 doing all the work by myself. Second unit is being remodeled right now.

I LOVED this video. I've dabbled a bit in buying, rehabbing and selling old homes but can always use help and good advice. Thank you.

I would be happy in that little home.

I agree with your thoughts. Another consideration is termites, fire or smoke, plumbing, electrical,etc. As a starter house, this is great. Especially a large piece of land. I will be doing the same at some point due to the purchase of my gramma’s house in Illinois. More sentimental than value.

Scott I appreciated finding this video. As you're surely aware, there are several YT channels that feature cheap houses but I think you have a different perspective as a DIY-er and landlord. I'm not an investor but it's a fun thought. It's interesting how most comments here either wanted to buy that same house or suggested tearing it down.

Your honesty and integrity are what makes your channel special 👍

I live in a small rural town, population 5,858 (and continually shrinking ~ 30 people per year on average). I bought my house for $11,000 in late 2015. Its an 864 sq. ft. prairie ranch originally built in 1945 with an attached 624 sq. ft. garage/shop added in 1987 all on 1/3 acre. I'm currently all in after nine years for ~ $58,000 including property taxes appliances repairs improvements and furniture. I'm anticipating spending ~ another $30,000 over the next few years. Its perfect for me - but I have many cautions for city folk dreaming of moving to an affordable rural city. There will be lead paint, asbestos, and other dangers lurking. Many inexpensive older homes have no insulation and worn out single pane windows and no door weatherstripping. Some rural areas have regular electricity outages and boil water alerts because of water supply issues. Go meet the neighbors BEFORE you purchase - many rural cities do not have much of a police department, so most issues will need to be resolved by you and your neighbors in face to face meetings. Also because of low police presence: some young men and teenage boys may like to drive like the Dukes of Hazard. Many rural towns have low home prices for the super obvious reason of limited local job opportunities. If you are still in your working years, expect to drive a bit to go where the jobs are or to get anything from stores. Its best to move into a small town as a married couple - not much of a dating scene in many rural towns where the average person is older. That said, many small towns are quiet, have a slower pace of life, low crime, no HOA hassles. Life is good.

Oh man, that basement was given me flashbacks to the basement in my first house minus the termite damage.

My concerns about living rural are: Being so rural that you don't socialize with anyone and, in the case of emergency, you are hours away from the nearest hospital. Other than that, I would rural. But I think I am going to have to live rural anyways because its the only thing that's affordable

I've replaced a main support beam. It's a lot of work and can be scary at times. Those houses will talk to you when your lifting them!

Many of my young friends want to drop $25K to $200K for a "tiny home" trailer... I'm screaming at them to just buy a cheap house in rural America! They're not even that adventurous!

Wow! I love how you focus your channel on home ownery type repairs and whatnot, but then you reveal that you wholesale real estate! That's awesome!! More content about THAT, Please!!

I’m be worked on so many of these. There are a lot of small towns within 100 miles of my mid size city I live in. People buy these and either don’t have the skills to repair because old homes are a way different ball game than newer construction or they underestimated the time and money it needed. I had a young couple that were so excited to get a house for $50k, they had plans for it that were beyond what it could be made into. The wife cried when I told her the list of repairs and the amount it was going to take just to make it comfortable.

If you ever buy one and do the repairs, that would be a great video series. There are a lot of house flipping shows, but they don't go into much detail from what I've found.

I feel like he got this place and realized it was a money pit, decided it would make a good KZfaq video and off loaded it quickly. I don't blame him.

There are people who would love to own a home for 10K. Flippers and "Investors" are harming poor people by elbowing them out of the "market", such as it is. It's a darned shame, a pity, and unchristian, but the market is not taking care of the least of these. Where is our conscience?

Some of my friends' house look like that and they're worth $900,000! It's magical what people will spend on old beach-shacks here in Orange County, California 😂

This is possible but the sweat equity scares people off. I picked up a house on 3 acres for 20k on city water flipped it in my spare time, sweat equity and made 60k. Not easy but doable if you are young and poor and want a home get your hands dirty and make it happen do not bury yourself in debt.

you should do more walk thrus like this of homes you buy, very informative ;)

Wow, this is a very interesting clip and it expanded my horizon. :) I have never thought or experienced any business like this but I got fascinated by what you have done. Liked it a lot.

I did a remodel on a house not to dissimilar to this about 15 years ago. In hindsight I should have just got an excavator and dumpster and sold the land with utilities and septic, or just put a modular home on it.

Great work on this video. I spent 20 years buying and rehabbing homes(I've moved on to a more hands-off approach.) But my team would often tell me how neighbors would approach them and thank them for fixing the blight in the neighborhood, offer them lemonade, etc. We need more people like you doing just this- affordable housing is an unmitigated good.

Wow! I looked at a house that eventually sold for $115,000 that was in worse condition...no bathroom, no kitchen, partially gutted, termite damage and the porch had fallen off. This one is at least livable.

The 1970's called and wants that TV back at 4:14

Some serious work. Foundation and structural damage is major.

It's cool to see your channel growing.. thanks for taking the time to bring us fans along..

Looks like 1930’s home with foundation damage just from what I see in the first room. Radiator heat, so it has a boiler and will lack a lot of ventilation. Plaster and lathe means a lot of demo unless someone can do plaster work. Fixing the foundation and sanding the floor, then adding central air would cost around 40-50k, but would make it worth significantly more. You could easily get 140k out of that. Basement changes everything. That adds another 20k probably for joist repair and electric service upgrade

As a contractor and a person who has renovated and flipped homes the only thing I’m seeing good about this home is the property. It would be too much time and money trying to repair . it should be torn down and a newer home built

Thank you so much You are the best of the best guy l see in my life in youtube or any channel The way you are giving advice is very simple modest for all ppl with different level of education its real and natural You are the king 🤴

You can get a studio in NYC for 3500 a month with the bathroom really in the kitchen

you should do a series on fixing an old home like this

I just finished my first house. Bought it for $29,000 and spent the next 21 months and over $50,000 on the renovation. I hate it now, honestly. It's on the market. Hopefully will se.. I bought another house five minutes out of town a few months ago and moves once my credit was better and I could get a mortgage. There are benefits and drawbacks to everything. My cheap house served its purpose, but at the end of the day I will never do that again!

This is the look of the home I grew up in.

1300sq/ft but looks way bigger because back then home designers knew how to maximize whereas today you get monster homes that only look good from the curb and feel cold and empty on the inside.

Contact local fire department and offer them a free training house burn down. If they agree buy the property because the lot itself is worth ten grand. Clean up anything that's left after the burn and put up a decent new house with minimal investment. Flip and enjoy.

This is amazing! I bought an older mobile home that was in really good shape for the year, but rent the property it sets on (very cheap). However, I want my own land, with an older fixer upper house on it, in the country. I've been racking my brain how to buy an older fixer upper and not be in debt, but it seemed so impossible until now!!! I've known about buying tax delinquent properties for a few years, but never had the time to research it all. Now I babysit my 2 grandchildren and homeschool one of them. So, I have more time to look into this. There are so many abandoned houses in my area, within an hour, any direction you want to take. I've often looked at them and wondered if they were tax delinquent or just someone had them and wasn't doing anything with them. I'm going to be more proactive about finding a tax delinquent home now. I know you said, that you have may possibly have to do 100 inquiries, until you find one. I have the time now, and the persistence. Thank you and the Lord, for leading me to find your video. You've given me hope, and possibly an extra income on the side. 🙏

that house if full of mold man

A piece of land near where I live runs you about $50k for 0.19 acres

The house is beautiful! 🤍🕊️🏡 ☀️☁️✨

@1:20: Minor correction: Equity isn't the difference between what you've _paid_ and what it's worth. Equity is the difference between what it's worth and what you _still owe_ (principal only). What you pay toward the principal _contributes_ to equity; it doesn't _reduce_ equity. (Also, payments toward interest, taxes, insurance, etc. don't affect equity, though they're part of "what you've paid.")

A $10k house, that is insane. Can't even get a lot for $10k that size in East TN

As you were listing the massive amount of work this house needs I was wondering if you'd say you're doing it all yourself. Replacing those beams certainly is not something you could do alone.

Another issue, which I don't think you mentioned, is that many old homes have asbestos, lead, etc. These can be damaging to your health if you don't know what you're doing.

That is one of the scariest houses I've ever seen. The condition of the basement is far worse than the one that was my grandmother's and now belongs to my Aunt. The size of the property is where the most value is - I would check the flood plane maps, that amount of water damage and influx of soil is from more than just the downspout.

I appreciate that you are schooling us. I can't get out to see abandoned properties, but I'd like to buy one, repair it, then live in it. Do you have any that you are currently selling, and how to contact you? Much appreciated...

That's pretty good for 10k. In moscow rural area we can only buy a house without a bathroom or heating for $15

I really like that house and as someone that enjoys DIY, I'd feel fine to do almost all the work myself (and likely enjoy much of it too), however I can only assume that area has no jobs, so who is going to rent or buy a home in a place with no jobs and almost certainly with a high poverty rate, which would be an awfully depressing place for a financially intelligent person to retire to?

Go to Pine Ridge, SD or White Clay, Nebraska and you can buy a house for $5,000........

Needs help is an understatement. What is the lot worth! Cleared.

How about housing just being a place to live & not a speculative investment to maximize profit

I would be shocked if I could find a house like that for 20k here in Ohio.

That's pretty nice for 10k my house ran the same and was a 4 room type house with an add on that was a kitchen

Cool house and property

Very interesting. How much do you think it would cost to simply put it on a slab? Tear out the old basement and pour out a big slab and set her down? Maybe just fill in that old garage area also. Do you think that is a viable option? Not worth fixing anything above the basement before making the basement stable or it will just keep splitting apart right? Thanks. ..

I think it would be easier to build a new house and cost about the same. when the foundation and framing is gone, just start over. the only thing I see maybe worth saving is the land.

This rural housing stock is literally falling down around the ears of the owners. That's why tiny homes are so popular. Roll it onto your property and wear it out, then buy another tiny home, just like a car.

always look for distance from BOTTOM plate-to-grade!!! the more, the better, for lots of good reasons! Me, I build my ECOhomes upon 4' h. conc. piers, here in SW FL, USA...for lots of good reasons :-)

All new wiring, new plumbing, the bathroom is a gut job, insulation. Whew!

I'm definitely in the wrong country. Finding a home at that price would be tough anywhere near Toronto. Even 200 miles out of my zone would still be pricy.

I like the layout! No carpets plueeze!

4:30, you don't get a refrigerator, but you do get a TV. 😂

From afar that looked like marble veins in the plaster cracked shelves! Haha

Wow, does that great tube TV come with the house? With termite damage, mold, and water damage, it looks like a total tear down and re-build to me.

So beautiful home.

I live in rural Ohio and can't find homes like this. There are two houses currently for sale on the same street for around 20k each, and both of them look like they're about to collapse. I can't even buy an empty 1/4 acre lot for 10k.

Either a really old person lived there alone or that house was abandoned. No one capable of repairing things could have lived there.

Congratulations on a quick 50% profit!

Nice property 👍

Great video. Wow. Even with the need for repairs, only 10K . One quibble. At 01:25 the definition of equity is wrong. Equity is the market value of the property, minus the mortgage.

😅😅😅 replacing that beam. Would be EZ. I'm a Union ironworker. So, you know I Would put Steel in its place. I would also gut out the walls and fill them in with AIR-CREET😮. You'll never have to worry about cold or Hot summers again😂.

Looks like a fun project. It gets real tough when you have to live in it while demo-remo is going on

Better than owning no home as long as it doesn't collapse on you

That garage might be somewhat suitable as a tornado shelter. Reinforce the roof. / I like wood floors. / A lot of work to be done in that house.

Wait, am I missing something here? You aren't taking into account all the other work that needs to be done on this house. You are going to fix the support beam, right? Are you going to update the interior at all? You are going to fix the downspouts too? What about the plumbing, the appliances, etc? Or are you just digging out the dirt and then flipping it for $21k? If so, wow! Someone would pay that much for that dump? The dirt's really the part that makes it $10k? If you are doing any or all of the other work, those costs weren't in the video. And like others have said, I'd like to see a series of some kind on the process and time to flip this house.

Anybody got a big match!!!!!

If something is cheap it might be so far from jobs that nobody will want the commute attached to the area.

As far as I know, November wiring, as well as glass fuses, have been illegal for a very long time.And you're not supposed to even able to sell a house with either of those things without it being redone.Before it is sold , you definitely cannot keep those things in the house if you have it and we're going to remodell

Beautiful home imaging during snow

Thank you for this video.

This is charming

It seems like for $10K, it would be better to just demo the entire house. Just hire a company to come and just level the house, take it away and then build new.

Money saved is money earned

Pretty amazing...you can't get a decent vehicle for 10G.

What would it cost to fix the center supporting-beam? I realize you're not fixing that beam but it seems the whole value of the house hinges on that beam... literally.