I have this opportunity to buy a home that normally sells for $90K for $20K or below (they just really want to get rid of it)
The problem is that the house has issues. It's older (1880s) and the person who lived in it didn't take care of it (the 2nd floor has a gaping hole as I can see through the window and the neighbor told me it was a water leak) It's going to take awhile to clean it up as well.
I'm wonder if it's all worth it. What if I can't afford to fix it up? I can pay cash for the initial cost, but I don't have a ton of money to dump into it and I'm not at the level where I can afford to just give away money in a loan if my income doesn't go up.
Yes, I'm a little scared. haha. I'm afraid that if I don't buy the house then by the time all the books and stuff come that it will be gone and I would have lost a great deal.