Every once in a lifetime, a good deal comes along that you think isn’t great, however you can’t walk away from it.
I was at an auction a couple of weeks ago.
They were selling everything, including the property. I loved old cooking utensils, so I went to the auction looking for a deal. The house had been abandoned about several years ago, when the family didn’t want it. The people who owned the house, died in a nursing home; abandoned prefer the house. There was no HVAC plus the only thing that looked sound was the foundation. I spent almost $100 on old cooking used, plus after that every one of us put a quote in on the house. The paper said there was genuinely little property. I looked at our bank account plus put in a silent quote for $1000 plus I wanted everything that was left behind after the auction. Two minutes later, I was called plus told to bring the money within an minute, plus I would be the owner of property plus the house. When I saw the deed, it shocked myself and others to realize I had just bought 1000 acres of farmland for only $1000. I brought our brother along to look at the house. He said there wasn’t traditional HVAC in the house, however there was an old coal oil furnace in the basement that looked prefer it was in good shape. There were also window air conditioning units. He couldn’t be sure until he could plug them, however he was sure the A/C units would work. I asked what he thought it would cost to make the house liveable. He said it would cost a lot more than I paid for the 1000 acres, however less than a sixth of what the property was worth.