He Bought a House for $5,000

2023-11-01

Real estate prices are out of control… right? In today’s episode, you’ll hear how Justin bought a house for just $5,000. No, that’s not a typo, $5K! The craziest thing is that the place is in decent condition: Single level Concrete foundation Simplest roof possible No interior water damage This house is a big project, but Justin estimates he can finish everything for under $25,000. After running the numbers,...

Real estate prices are out of control… right?

In today’s episode, you’ll hear how Justin bought a house for just $5,000.

No, that’s not a typo, $5K!

The craziest thing is that the place is in decent condition:

- Single level
- Concrete foundation
- Simplest roof possible
- No interior water damage

This house is a big project, but Justin estimates he can finish everything for under $25,000.

After running the numbers, this property should blow the 1% rule out of the water.

Justin is expecting to rent from anywhere between $700-$850 depending on how nice he ends up making it and how it’s rented.

We’ll definitely be sharing updates about this one-of-a-kind property in future podcasts.

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