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/diy/ - Do It Yourself


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1613074 No.1613074 [Reply] [Original]

Welp, what do y'all think? I sent the link to my realtor tonight.

https://www.zillow.com/homedetails/403-Main-St-Downing-WI-54734/2088797454_zpid/

Assuming the foundation's good, and the plumbing and electrical isn't from 1932, it seems like the potential is there.

I'm no professional by any means, but I would consider myself quite good with tools, knowledgeable in a lot of areas, and very willing to seek out help when I need it. I have extra time, and a decent and reliable source of income.

tl;dr am I retarded to think I can live in and fix up a bank from 1884?

>> No.1613077

I can tell ya right now that the basement leaks bad, and the hardwood looks water stained pretty badly aswell. For 44k? Its got a fuck ton of work that needs to be done i garuntee it.

>> No.1613082

>>1613077
Thanks for the post. How can you tell the basement leaks?

>> No.1613086

>>1613082
The wet concrete. Judgeing from the hardwood i wouldny be surprised if the roof leaks either.

>> No.1613090

>>1613086
Oh damn, yeah, I didn't recognize that as water when I first saw it. I'll be sure to check that out/ask about it.

For the hardwood, I'm hoping it's just fucked from being old as shit, but again, I'll keep it in mind when checking the place out

>> No.1613093

>>1613090
Best to go on a rainy day.

>> No.1613094

>>1613093
That's what I was thinking. It's raining right now actually, I'd be jazzed if I could check it out tomorrow, should be raining for the next 24 hours it looks like

>> No.1613107
File: 46 KB, 638x478, 403-Main-Street-Downing-WI-54734-1527593-image2[1].jpg [View same] [iqdb] [saucenao] [google]
1613107

Oh yeah, its got problems. Big problems. Its been on the market over 90 days, has already had the price dropped TWICE (it was originally $62,900), all the photos posted are tiny, and it is selling for am an absolutely paltry amount per square foot. I'm willing to bet the roof is shot and there is significant rot/damage just about everywhere made of wood. Some of the repairs on the brick look sketchy as well. Even from the 1998 quality photos, you can tell the exterior needs works. Also, the listings say it is a 4 bed, 1 bath but they didn't take pictures of every room? Huge red flag. Whoever is selling this place is either hiding something or is doing the minimum work possible because they know it won't sell for anything and their commission will be tiny.

Check for asbestos. Check for lead paint. Check for knob and tube wiring or some other electrical nightmare. Check the roof. Check the foundation. Check the brickwork. Be prepared to have to drop $100k on this place to bring it up to standard even if you do a bunch of work yourself. I guarantee you it has multiple major issues.

Also, whoever replaced the original windows with those 3/4th height ones to save a buck needs to be cockslapped.

>> No.1613108

>>1613074
Check to see if it is a listed historical building, cost of everything will go up if it is and you will need approval for any change.

>> No.1613449

>>1613107
Ty, this cynicism is why I come here.

>>1613108
Ooh, didn't think of that, good shit.

>> No.1613459

Does it have a soundproof basement vault you could use as a rape dung... er ... safe room?

>> No.1613470

What kind of vault was in it? Certain large vaults are a huge problem when it comes to selling off a property because unless it's a bank or a future gun store it can be a huge pain in the ass to remove. of course if you're gonna make a house out of it then keep that bitch that shit is cool as fuck.

>> No.1613471

>>1613449
I bought a house 2 years ago. In addition to working with an estate agent, I did a lot of looking myself online. I learned very quickly that the listing matters and what they don't show you speaks volumes. Shitty listings meant one of two things: someone didn't give a shit/amateur hour (foreclosures, auctions, self listings, tax seizures) or they had something to hide and the place was a dump. These days, a professional real estate agent plays up the listings. They put effort into it. Tons of details, tons of photos, they put fucking snapchat filters on them now. I've seen drone footage of lots and 3D walkthroughs like Google Streetview. 11 potatoes quality photos? My house had more photos than that in the listing and its a 2 bed/1bath and only 1,200 square feet.

>> No.1613479

>>1613459
Not yet.

>>1613470
Yeah, that's true. If there is one I'll use it as my very large gun safe probably.

>>1613471
I considered that as well. I'm hoping it's just laziness (though it never is), but I'm assuming if I go and check it out, it'll be obvious why there aren't many photos.

In other news, when I find out the foundation has become pebbles on that bank, thoughts? Been on the market a while, and it seems cheap, so I'm guessing there's some catch. I wouldn't be surprised if those ceiling tiles were asbestos

https://www.zillow.com/homedetails/217-Lakeview-Ln-Amery-WI-54001/105070166_zpid/?fbclid=IwAR2CwcL8PILUnDy6ooBD81ms8yloVs9uxJnfNjL19hT6ELVa-69gJCXu3G0

>> No.1613565

>>1613074
interesting. i always thought something like this would be cool to live in or even set up as a small on site business of some king.

but yeah old buildings like this = massive money in repairs

>> No.1613569

>>1613565
Right. It's all contingent on what it looks like in person, and what the inspection says. In all likelihood, it's probably got major problems, but hope for the best, prepare for the worst, amirite

>> No.1613574

>>1613569
yep. ya never know. some of the things could end up being more cosmetics and not catastrophic structural stuff.
if you can get it for less than $40k, you might be able to justify putting $30k into repairs and upgrades, whatever.

definitely worth looking into, those old brick building are cool as fuck. i've seen refurbished ones sell for comparable to what a similar sized modern house would sell for

>> No.1613581

>>1613574
For sure. I'm no framer or mason, but I can fix up most cosmetic things, so as long as the bones are good, that's all I really need. And I'm good for a 150k loan, so it'd be pretty easy to get that 30k like you said.

I just wonder what my realtor will think of me lmao

>> No.1613590

That thing is still on the market?
I saw that listing months ago.

>> No.1613595

>>1613074

The bones of the building are probably good, if you're prepared to dump money into it to gut it down and start it over.

I'd put in a offer for $25K knowing you'll probably have to put $30K of work into it. Less if you do a majority of the work yourself.

First skill you'll want to learn is how to do a EPDM roof, because I bet dollars to donuts that place has a tar mop roof.

>> No.1613599

>>1613595
Unless its zoned/protected to look like that forever, why not just put on a proper mono-pitched roof with decent angle?

>> No.1613600

>>1613074
Fuckin aye. Pull the trigger on that. Mexican brick layers couldnt build you one like that. The old timers knew their business.

>> No.1613608

>>1613595
>>1613599
As far as my Google-fu tells me, it's not on a historic register, but one thing I'd want to consider is the heavy snowfall we get, so that pitched roof sounds like it might be the better approach. But it's also stood for 140 years without one, so idunfukinkno

>>1613600
That's my other thought, something that old is either gonna be there forever, or is garbage and should be demolished immediately.

>> No.1613611

>>1613599

Given that it's a parapet roof it probably already has a decent slope pitch, so not a true flat roof, so going to the trouble/expense of adding more structure to re-pitch the roof is probably not needed.

Just easier to throw down new EPDM after it's verified that the sheathing and support beams are OK.

The only thing I can think I might do different would be to put a 6" thick layer of insulating sheet foam under any new EPDM roof just to make the building more comfortable.

Never been to Wisconsin, but I hear it gets cold there, extra insulation in the roof to keep the heat in can't be a bad idea.

>> No.1613614

>>1613611
Ah, gotcha. Yeah, it gets cold as shit here, we had a -30 day this past winter. Usually it gets to at least -10 for a week or so in January/February, so that insulation wouldn't be a bad idea at all.

And if anything I can just shovel the snow off the roof every month or so lol

>> No.1613618
File: 365 KB, 912x972, WM352_ReroofingLowSlopeRoof-5_BSC_09-10-2015.jpg [View same] [iqdb] [saucenao] [google]
1613618

>>1613614

here's a picture idea of what I'm saying.

going through all that foam takes fugly long screws

>> No.1613635
File: 6 KB, 241x209, download (1).png [View same] [iqdb] [saucenao] [google]
1613635

>House I'm looking at buying suddenly went down by $20,000

>> No.1613639

>>1613618
Lord I can't wait

>> No.1613734
File: 97 KB, 1362x708, wew lad.jpg [View same] [iqdb] [saucenao] [google]
1613734

>>1613074
https://www.familywatchdog.us/

>living that close to a registered sex offender

mercy....

>> No.1613894

>>1613734
fuck sake - don't that shit get ppl lynched?

>> No.1614322

>>1613734
What is "first degree sexual assault of a child"? I'm not googling that shit.

>> No.1614331

>>1613074
>am I retarded to think I can live in and fix up a bank from 1884?
Bank layouts are nearly always shit for living in, the insides will not flow like a house should at all and will be hard to modify in any way.

>> No.1614355

>>1614322
You can look up most of this shit on PACER and find out exactly what he did...

Which is likely molest some kid, but probably not full blown intercourse.

>> No.1614562

>>1614331
How should a house flow?

>> No.1614566

>>1614562
You generally want to get easily from one associated space to another i.e. a kitchen wants to be near the outside and the dining room, dining room near the reception areas, receptions near the entrance etc. And also not have rooms that are contained within one another or long windy corridors, and also the rooms to be good sizes (like a master bedroom).

So in a normal house you usually have a single access (stairs and landing) to a bunch of rooms that terminate inside the house upstairs i.e. bedrooms, spare rooms and bathrooms. Most of these rooms are roughly the same size too, whereas in a bank you're more likely to find a little corridor, large multi employee offices, and tiny single or 2 person offices. These are sometimes easy to fix but not always.

The downstairs format is built around the large reception and the large vault in a bank. Typically if a room has little access to the outside or other room on the ground floor it's pretty small and maybe has a toilet in a modern house. In a bank that's the vault, so often there's a bunch of wasted space with windy corridors, and it's massive, and it's not plumbed in, and the walls are heavily reinforced so no breaking in and changing anything.

>> No.1614588

Bank is the best place to convert to a home, it's bullet-proof and break-in proof, the perfect place to hole out during the bugaloo.

>> No.1614791

I'd take that thing over the average american cardboard box any day. Rip all the insides out, get yourself some decent looking windows and get it dry and heated for a few weeks. Of course you will sink more than it's worth into it. That's why nobody bought it yet and you can get it so cheap.

Every house owned by my family was in way worse shape to begin with. It's a great way to get cheap housing. Don't do it if you don't like working on it.

>> No.1614805

>>1614791
>Rip all the insides out
>of a bank
Anon...

>> No.1614873

>>1614805
It's pretty obvious that it is not a bank (at least not anymore) and even if it still was it wouldn't make any difference.

If in good condition and real wood i'd maybe keep the kitchen cupboard doors and the floors. It's faster, easier and more reliable to replace the drywall with modern stuff than to hope the old shit will dry at all and be in okay condition in spots you cannot inspect. As i said heat it up and you will probably know what you got. As for asbestos etc. while it's probably okay to live with it as long as it is not disturbed, i don't want that stuff around me. So right in the beginning would be the right time to throw it out.

Regarding to bad foundations etc: We had a house with bad foundations. Cranked the roof up, tore down the brick walls part for part, poured new foundations, had new brickwalls done (illegal to diy where i live), put the roof back down and finally renovated the roof. And it still was A LOT cheaper than building a new house.

>> No.1615009

Would any of you know how to find out the owner of a property? This is the property I want to know more about https://www.zillow.com/homedetails/154-Everett-St-Easthampton-MA-01027/57008357_zpid/
It's been condemned for around ten years now, I want to know what's wrong with it

>> No.1615035

>>1615009
Go to this website
http://www.masslandrecords.com/Hampshire/

top tab, 'Search Criteria' select 'Property Search' enter address.

Seems it's been in some legal issues between the Hannifans and the city.

>> No.1615169

>>1613107
>old business-building
I bet you it's got asbestos.

>> No.1615695

Update: I checked it out, was about what I expected. Foundation seemed alright from my noob perspective, but the basement was dank as fuck, don't know if that's just how it do, or if there's a bigger problem.

Not gonna go for it tho cause the drive is a bit much to commute (50 miles), so onward we go I guess.

>> No.1615727

>>1615695
I paid about 4k more for a place that was the same as another house just because it was closer to the highway. It was the difference between a 10 minute commute and a 25 minute commute. The time saved will pay for itself in a few years. That old saying about location does hold some truth.

>> No.1615731

9 times out of 10 this is too much work even for those that think they're up for the challenge.

Even if you have the expertise and can do everything yourself, it's still going to cost a shit load of money.

Take whatever it is it costs and double it. That's what it's going to cost you in the end.

But hey, I don't know your skill and I don't know your income or how much you may have after purchase. So you may very well be up for the task. But consider how much the price drops were, whoever looked at it first could not justify buying it at those prices. Basically that drop of 20k is factored in to whatever the sellers think it will take to fix this thing up.

tl;dr if you don't have any experience fixing up buildings do NOT make this one your first.

>> No.1615736

>>1615727
My thinking as well. Plus in the winters that drive would be 2.5 hours on some days.

>>1615731
Skill is reasonable, though I've never done any full house renovations before. I figure I would enjoy this one about 40% of the time, and the rest of the time it would just feel like a burden. Plus I'd be doing it solo, which would sap all the morale outta me after a while.

I'm looking at this property now, have a showing tomorrow. Don't know if it's worth the price they're asking, but seems like a much more reasonable effort, at least

https://www.zillow.com/homedetails/312-N-Main-St-Center-City-MN-55012/53216688_zpid/?

>> No.1617684

>>1615736
Did you ever make it out to that one?
It's not far from me actually, I drive through Center City all the time on 8. I'm near luck up off of 87.

>> No.1618231
File: 545 KB, 512x768, All of these Disgustings.png [View same] [iqdb] [saucenao] [google]
1618231

>>1617684
Yeah, it ended up being a lot more work than it looked like in the ad. The bank was about what I expected, but this one had foundation issues and holes in the roof and shit like that. Lots of water damage, too -- there was a leak at the basement toilet connection, and the entire floor felt like a sponge. For sure not worth 150k, my agent and I were thinking 100k at the most, and they assuredly won't go that low.

It's hard to find a good shell, man. I'm looking at these two tomorrow, might just save my DIY boner for making speaker boxes and building sheds.

https://www.realtor.com/realestateandhomes-detail/480-Hillcrest-Dr_Amery_WI_54001_M72867-09951

https://www.realtor.com/realestateandhomes-detail/665-Cedar-Ave_Amery_WI_54001_M89247-76915

>> No.1618376

>>1618231
Hey it can't hurt to toss them a lowball offer. The worst they could do is say no.
Those two look alright too. Amery is a pretty nice town.

>> No.1619513

My mom is looking at buying this house
Can anyone see anything wrong with it? Seems like you get a little too much for the price.
I spotted the two gutters that empty onto the driveway already
https://www.realtor.com/realestateandhomes-detail/59-Piper-Rd_West-Springfield_MA_01089_M48288-84830#photo25

>> No.1619573

>>1619513
Don't be fooled by new paint/carpet/countertops and stuff of that sort. Check the foundation, the roof, the wiring, the plumbing, the water heater, the air ducts, and the neighbors. If you don't know what to look for in these, hire an expert; it might save you 200 grand.

>> No.1619648

>>1619513
Part 1

A mix of two prong and three prong outlets. Buy an outlet tester and test every three prong outlet you see. Having to rewire a house for ground can cost thousands of dollars at the low end. The house was built in 1950. That is when they still used cloth wrapper wires so I'm betting at least some of it still has them. You can't work with that stuff anymore. The insulation gets dry rotted and as soon as you move it the insulation falls off. It is fine if you don't fuck with it but if you have to run grounds you could be looking at a total rewire. Also, some of the two prong outlets look rekt. Take a small lamp or something with a two prong plug and test things to see if they work or are super worn out so they don't hold plugs.

Some of the rooms look like additions or conversions. Make sure they are properly inspected. You don't want to buy the place and find out later that some of the walls don't have insulation or aren't attached to the house correctly. The spots where they join the old house are often worst at the roof. Really, really, make sure that shit is looked at and up to standard before you buy the place.

The paneling in some rooms looks like fake stuff from the 70s (same room with blue and white wallpaper, which looks like it needs replacing too). They offgas some nasty shit and generally suck. They should be replaced. Make sure there is insulation behind them if you do. If they were cheap enough to go with that shit paneling instead of the real stuff or drywall they might not have insulated either. Also, the dining room appears that they painted some fake paneling. Check that out too.

Dormers are nightmares. They almost always leak at some point. Really have them checked out super well. The house is almost 70 years old, they might have left rotting wood in there and just put good siding over the top to hide the problem at some point. Show up on a rainy day if you can and listen for drips.

>> No.1619649

>>1619648
Part 2
The garage roof is sagging at the ridge. That isn't good. No pictures from inside it either. Red flag.

The kitchen was a hack job. Tiny ass sink, shit counter tops, cheap prefab cabinets that have a mismatched door (bottom cabinet to the right of the sink doesn't match any of the others), and uneven spacing around the window, super cheap appliances, outlets and switches that don't match anything else in the house (who fucking does that!?). They went as cheap as humanly possible on that job. Fuck, the underside of cabinets aren't even painted and appear to be particle board (picture #9). You are gonna have to remodel it in 10 years 'cause it will be falling apart by then.

Weird, weird, weird, HVAC vent placements and some of the vents are tiny. Red flag. It looks like a retrofit job or an expansion. Does the unit have the BTUs to heat/cool the entire house? Do some rooms get super hot/cold? See if you can show up on a hot day and spend some time in the place. Do they have the AC turned down really low? Does it never turn off while you are there?

The wall to the right of the wood burning stove in the sunroom is weird. It looks like plywood. Check that out.

The back yard appears to have a funny slop going toward the house/garage. Maybe it is just the picture. Also, note that is the smallest by far of the pictures they posted. That seems sketchy to me. Make sure they don't have a drainage problem they are trying to hide. Releveling a lot or putting in drains is a huge pain in the ass.

Finally, only one bathroom? Hard pass. 1 bath per 2 bedrooms minimum. If it was a 2/1, fine and dandy. Maybe a 3/1 if one room was an office or something. But 4/1? Hell no. One bathroom is just enough for two people, let alone four.

>> No.1619831

>>1613074

Nope. But i promise you. If i were you i would start building studios in it for rentals rather than do all of that yourself. It's like restoring a car but worse.

Its like 3 times wtf you think the time and work will be for even less of a house. But it is worth it. If you aren't inept or throw tools when shit doesn't fit right you're good.

Assuming this isnt trollposting anyway

>> No.1619832

>>1613074
And IF the foundation is good dont even think of using the basement for anythibg other than a potentially flooded man cave and beyond convenient place to work from. I gotta trench under my shit

>> No.1619833

>>1613077

For 44k he can start building apartments. I would buy it and only if the foundation is worth fixing completely gut the inside. Think of the 4 incomes you could have

>> No.1619835

>>1613074
>not 1 pic of the roof.

10k price cut.

Kek

>> No.1619836

>>1613094
DON'T FUCKING WAIT GO PEAK THROUGH THE WINDOWS YOU AUTIST.

>> No.1619838

This guy gets it.

Are you a contractor by chance?

>> No.1619839

Oh. If it was mine it would be a hell of a gun safe

>> No.1619842

>>1613479
Anon the paperwork alone could be the nail in the coffin. Go to the corthouse and find the owner. At least get title insurance

>> No.1619843

>>1613565
Buy it and rent it as a shop for $600 bucks a month to a grease monkey that will shit it all up. When it's paid for get an equity loan and have a nice ass house or build a 2 apartment townhouse as soon as you get 3.5% equity of freedom for an fha loan to build?

>> No.1619845

>>1613569
What's the neighborhood like. Is it residential? Can u make it a used car lot?

>> No.1619846

>>1613608
Just add more wood. If too heavy add more concrete. Humans been building empires for hundreds of years. Why stop now

>> No.1619855

>>1613614
Get with that other anon. Section off battlebot arenas up there that are big enough to move snow but not big enough to break shit to bad. Come laugh at us when we find a way to yeet one finally. Build rails for one hell of a deck come summer.

>> No.1619858
File: 63 KB, 720x793, 20190529_160117.jpg [View same] [iqdb] [saucenao] [google]
1619858

>>1613635
House i currently dwell in was 21k 7 years ago.

>muh fixer upper.

>> No.1619866

>>1613734
9 within .5 mile radius. What. The. Fuck. We dont even have stoplights here.

>> No.1619869

>>1614331
If he can wall under the floor I'd just gut it

>> No.1619872

>>1614355

So just a little rape? Okay good. That's better. Why the fuck did we have to get rid of the death penalty anywhere

>> No.1619875

>>1614805
Can he do it if he wears a monocle and uses giant white sacks with dollar signs instead of contractors bags?

>> No.1619877

>>1615035
Nope the fuck right out of there unless your attorney is free and you have free time>>1615009

>> No.1619878

>>1615727
Mever live east of work if you work bankers hours eather

>> No.1619880

>>1618231
Nah man. Keep your eyes out. See if any bigger pockets meetups in your area. Some noobie wholesaler might have a screaming deal so he can get his $3,000 first deal cash or whatever.

Anything listed on the mls is like buying stocks in the market. Saturated soggy stale shit been picked over before.

What you need to do is get in the car, find shitholes that might look salvageable, and take notes. Track down the owners. That's the best way i find deals.

>> No.1619882

>>1619573
THIS

>> No.1619884

>>1619649
Alright.

You are either an inspector or contractor or someone dealing real estate for a living. Normal people don't know this shit.

You don't have to admit to any of that but if you invest in real estate for a living I'd love to know why the fuck you come here and any advice you have for noobs.

>> No.1620055

>>1619884
None of the above. I am this guy

>>1613107
>>1613471

The real estate market where I bought was super fucking tight. We're talking 3% vacancy rate at the time, which is murder. You'd be in a home with a dozen other people on the first day of an open house and get told by the estate agent that it sold, clear out. It is even tighter now that PGE burned down one of the cities in the area. I looked at hundreds of listing and went to dozens of homes. You see patterns and signs in the listings. I am also a bit of a 'handyman', though I hate that term. You pick up knowledge about this stuff.

I ended up having to get a house that was priced right and mostly solid but was in need of some serious TLC. It also helps that it is the same vintage, as that listing, so I recognize things. Oh, same mismatched outlets as my place, which has wiring issues. Oh, same crap fake wood paneling in an addition as I saw in a dozen other homes of that era. Oh, same hack job super quick kitchen reno that you'd see in every cut-rate house flip. Oh, oh, oh. Paying for a few home inspections and then having to walk away after what they found helps too. You learn that thing you thought was a little sketchy was, in fact, a major issue when the inspection comes back.

I don't know what the going rate is in your market for homes so I can't tell you if that place is a deal or not. Nor can I tell you that half the things I mentioned are actual problems, just things I saw that I would look into seriously before buying the place. Hell, for all I know that house is a bargain and is selling below market rates because of all the weirdness. So, it may well be worth it buy because you will have money left over to renovate it. No matter what though, one bathroom ain't gonna cut it.

>> No.1620080

>>1613077
>>1613107
Or it’s just because it’s in a bumfuck town.

>>1613108
Well I don’t think the kitchen is historic to the bank... no worries there.

>> No.1620362

>>1620055
I have 81k in 3 houses. Possibly a 4th. That thing would probably sell here just fine for 30k

>> No.1620899
File: 72 KB, 417x503, 1556797317021.jpg [View same] [iqdb] [saucenao] [google]
1620899

I've though of buying a house and renting out the rooms so I can make some passive income, but being a landlord in the current year who has to deal with thieves, vandals, and drug addicts sounds like hell on earth.

>> No.1620910

>>1620899
Dont forget simple human scum

>> No.1621152

>>1619845
Well it's rural Dunn county.
Feel free to make it a meth lab, it'll fit right in

>> No.1622730

>>1620899
So dont let theives and dopers move in. It's your house and if you live in it you can have an FHA loan with a 3.5%down payment. $3,500 bucks can get you a 3br/2bath in the side skirts of most towns.

Even if you get the loan at 5% apr that is $5,000 a year interest so $420 mo and $280mo principal.

For like $700 a moth you'd have the house. Split the bills and rent rooms for $350.

>> No.1623870

Buddy of mine that owns a gun store actually purchased an old bank for his new location. He was leasing for years but a small bank chain got bought out by a bigger chain and they closed this location down because it was too close to one of their existing branches. So he bought it, pretty good price, as the bank didn't want to sell it to another bank as competition.

He uses the vault as his storage room for expensive items, workspace for customer orders, storing his machine guns, etc. It's very secure. However, he did spend some decent money removing the drive-thru window area to convert it into usable parking. He spent good money but it was still less than a new build in the same area, and his sales went up a good bit from a better location.

>> No.1623887

>>1613074
Looks like it would be less time and effort to just bulldoze it than try to make it livable.

>> No.1623888

>>1620899
Add a requirement for new tenants having to pass a background check. There are $80 to $200 services for this and just stating it on the listing and lease will both dissuade anyone that knows they won't pass it, and it gives you a plausible and legally defensible means of turning away anyone that you don't want to rent to.

>> No.1624440

>>1613107
From that pic with the stones, it looks like it got pier jacked.

I have a pier jacked home. Everything shifted. Gutter seams broke, no door is aligned, concrete busted ... what a mess.
But for $40k? If OP has an income and it's cheap for the neighborhood, go for it. Drop $20k and sweat equity into it and be mortgage free in 5 years. Then stow away money until OP finds a wife who complains enough... What am I saying? OP is a faggot. Pay off the mortgage, put a rainbow flag out, and throw all your money on poppers and AIDs cocktails.

>> No.1624441

>>1620899
Don't buy at the height of the market.
Whatever profit you think is there will be taken by interest, insurance, and taxes (property and income).
Just when you realize all that, the housing prices will drop 15-25% and you'll want to suck a shotgun.
70% of homeowners were underwater in 2010. Don't follow mainstream mentality

>> No.1624646

Oh shit son that’s a nice looking bank. Get some real windows on there if you end up buying it. Do you know if it’s got some kid of vault? That would make a sick ass man cave

>> No.1624864

>>1624440
>put a rainbow flag out
in western WI? Don't let the proximity to minnesota fool you, they will lynch the shit out of you.

>> No.1624898

>>1614322
>first degree sexual assault of a child
948.02 Sexual assault of a child.
(1) First degree sexual assault.
(am) Whoever has sexual contact or sexual intercourse with a person who has not attained the age of 13 years and causes great bodily harm to the person is guilty of a Class A felony.
(b) Whoever has sexual intercourse with a person who has not attained the age of 12 years is guilty of a Class B felony.
(c) Whoever has sexual intercourse with a person who has not attained the age of 16 years by use or threat of force or violence is guilty of a Class B felony.
(d) Whoever has sexual contact with a person who has not attained the age of 16 years by use or threat of force or violence is guilty of a Class B felony if the actor is at least 18 years of age when the sexual contact occurs.

>> No.1625670
File: 454 KB, 334x204, FranticTyping.gif [View same] [iqdb] [saucenao] [google]
1625670

>>1624441
I wasn't going to buy a house right now. The cost of real estate in every western country is ridiculous, and in Canada it's astronomical. Gonna wait for a housing market crash, or at least a significant dip.

>> No.1625690

>>1613459
Speaking of this, OP could totally buy that up and build a $300/hr recording studio. Hipsters fucking love recording in old ass building. When we recorded our album back in the day, it was a situation just like that, old factory right downtown and the guy bought out this entire basement, must have been like 10k square feet and half of it was finished as the studio + lounge and the other half was old early 20th century factory basement.

You could also shoot pornos there too.

>> No.1625697

>>1625670
Man if you own something, it’s time to sell.

House next door to me was owned by a shitty landlord who was renting it out for a few years, came to the point where that guy either had to dump money into it or sell. The lawn was crap, he half assed the sprinklers buried right under the sod, the backyard had a tiny pool that was green. People bought it for $330k, they spent about $20k on new fences and cleaning up the outside, and less than a year later the husband gets a job on the other side of the state so they sell it within a week for $405k, and the new people are dropping a bunch more money into renovating the inside.

>> No.1625729

>>1625697
It's fucking sad. I have been keeping my eye out for a ~150k "starter" home (evidently that's what we pay now) but even at that price point, I can't find shit that isn't falling apart.

Sad thing is I'm from a part of the country where real estate has traditionally been cheap. I'm wondering if I wouldn't be better off (financially) building.

>> No.1625944
File: 2.58 MB, 1920x1080, 1546798720877.png [View same] [iqdb] [saucenao] [google]
1625944

>>1625697
>>1625729
>>1625670
Dinky old 3 bdr house I moved into in a crap part of the GTA was $180k in the late 90s / early 2000s. Now its north of 700k. Housing is completely unaffordable in so much of Canada now its a joke. How are you even supposed to DIY anything anymore? You need to line up and get into bidding wars for apartments who have landlords that are looking for any excuse to kick you out so they can raise the rent that much more for the next sucker.
>Can't make any improvements to your home
>Can't do any /diy/ tier work because noise etc and landlords chomping at the bit to give you the boot

I read in Vancouver landlords make tenants fill out completely batshit agreements and then threaten to kick them out over p much anything. The agreements have asinine shit like "The tenant must agree to run the bathroom fan for at least 30 minutes after every shower. The tenant must agree to not set the temperature between these ranges during these times. The tenant may not leave the property unattended for longer than 48 hours" and they spy on tenants to hopefully catch them breaking the rules.

>> No.1625953
File: 53 KB, 362x394, Rick-Steves1.jpg [View same] [iqdb] [saucenao] [google]
1625953

>>1625697
>tfw just bought a 2 bedroom 1 bath for $316k

ama

>> No.1625961

>>1625729
You pay for the land in places that are of high value. Find someplace with cheap land and build away. My house cost just over 200k and when I got the insurance breakdown back they said 155k of the value was the land. It is only a .25 acre lot but it is in town. 15 minutes outside of my town you can by an acre with road, power, and water for 40k.

>> No.1626107

>>1613470
>unless it's a bank or a future gun store it can be a huge pain in the ass to remove
Why? Wine cellar.

>> No.1626112

>>1625953
Is it updated at least? How many square feet and you got an attached garage?

This one is 3bd/2ba but it’s nearly 2000sq.ft and has a nice little split layout with two living rooms. Kitchen isn’t very big but I know my one neighbor took a wall out and made one of the living rooms much smaller for the kids but got a big island counter between the kitchen and dining room. House was also built in 1990 too so it’s a little newer than most in this area that were built in the 70s.

I gotta look at this one right down the street and see what it sold for, I think it’s a 3/2 as well but smaller garage, but has water access and that thing has to be $200k more at least to have your Contender in the backyard.

>> No.1626987

>>1625729
Financing be harder to get

>> No.1626990

>>1625944
It's because 99% of you tennants are absolutely retarded and i dont know about you but sharing walls with a moldy damp bathroom and some noisy autist banging on shit at 3am sounds pretty fucking gay

>> No.1627003

>>1626112
>Is it updated at least
Lol no, I got so much work to do. Plumbing and electrical need done and the kitchen is pretty run down. The only upside is that it’s a 1/3rd acre lot in town.

>> No.1627313

>>1627003
>1/3rd acre lot in town
>upside

>> No.1627582

>>1627313
Hey man, not all of us have a sex offender rap and are allowed to live near schools.

>> No.1627917

>>1627582
>wanting land makes you a pedophile
is this bait? no way millennials are this brainwashed

>> No.1627969

>>1627917
>wanting land makes you a pedophile
Yeah, and not wanting land makes you an idiot? If you can't take it don't dish it out, snowflake.

>> No.1627974

>>1627969
>not wanting land makes you an idiot
but it kinda does