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He Bought a House for $5,000

He Bought a House for $5,000

FromThe Financial Independence Show


He Bought a House for $5,000

FromThe Financial Independence Show

ratings:
Length:
25 minutes
Released:
Nov 1, 2023
Format:
Podcast episode

Description

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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Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Released:
Nov 1, 2023
Format:
Podcast episode

Titles in the series (100)

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The FI Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.