|
~25 years ago, I bought my first house for 27k. Long commute and a real fixer-upper.
I gutted the place, put in insulation, shimmed the walls (really old house - nothing was square), and put up drywall. Cost me about $1000 in materials. I sold the house for 34.5k. It took all my spare time for a year, but it got my foot in the housing market.
The profit from the first place was my down-payment on a newer home in a better (and closer) suburb.
|