Imagine a house, bought for a mere $7,000, standing tall amidst a neighborhood that’s seen better days. Jon Schoeller, the man behind the purchase, takes us on a tour of this property, revealing its quirks, challenges, and potential.
As he walks around the exterior, he points out the first glaring issue: a deteriorating retaining wall.
This wall, though seemingly insignificant, holds back a massive hill, making its repair crucial.
The house, despite its low price, boasts off-street parking. However, Jon humorously laments the long walk up to the house, a journey filled with stairs that he’d rather avoid.
As he continues his exterior tour, he highlights a side yard, complete with a shed, and a deck that, while structurally sound, has seen better days.
The windows, too, are a mix of old and new, hinting at the house’s patchwork history.
Stepping inside, the living room greets visitors with an eclectic mix of items left behind by the previous owners.
From a sadly defunct fish named Stewart to a paint job that can only be described as “unique,” it’s clear this house has stories to tell.
The dining room, separated by a mere archway, is equally intriguing with its half-finished flooring and a table inexplicably covered in… something.
The kitchen, in stark contrast to the rest of the house, seems to have been plucked straight out of a home renovation show.
With mismatched cabinets and a ceiling fan that’s seen better decades, it’s a testament to the house’s $7,000 price tag.
Yet, amidst the chaos, Jon finds small treasures: a collection of old cassette tapes, a relic from a bygone era.
Venturing further, Jon showcases the bedrooms.
Each room, filled to the brim with discarded items, tells a tale of hasty departures and forgotten memories.
From biodegradable bags of unknown origin to a floor so covered in stuff that the carpet is barely visible, it’s a wonderland of the weird and the wacky.
The bathroom, while compact, holds its own surprises.
A relatively new vanity stands out amidst the decay, and a tub in dire need of refinishing hints at the work ahead.
Yet, as Jon points out, there are small wins to be found, like a new window that lets in just the right amount of light.
As Jon wraps up his tour, he delves into the potential of the property.
Beyond the obvious flip, there are multiple strategies to consider.
The house could be wholesaled, rented out, or even sold through a rent-to-own scheme. With a purchase price so low, the possibilities are endless.
This house, despite its quirks, holds potential.
With the right vision and a touch of elbow grease, it could be transformed into a gem.
As Jon points out, it’s all about seeing the possibilities and not just the problems.
In the world of real estate, opportunities come in all shapes and sizes. This $7,000 house, with its challenges and charms, shows that.
For those willing to see beyond the surface, to embrace the unexpected, the rewards can be immense. After all, every house has a story to tell; it’s just a matter of listening.
Check out the full house tour in the video below!
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