The funniest thing about this dog shit post is that I bought a 1900 farmhouse in Indiana (from CA) for $100K in 2014.
I did a ton of the work myself and recently sold it. No one tells you the logistics or opportunity cost. My wife’s employer lied to the bank so we could even get a loan.
If you can’t do the work yourself, you’re taking an L. That’s why no local contractor and bought and flipped it in 400 days.
A massive Victorian is a white elephant. This home will require at least $200K in work and thousands of man hours to be brought up to livable standards. Hopefully you love it, because even if you sell, you’re not getting your money back.
So somehow you need to get a loan, work a normie job, work on your house, live in a construction site, hope your kids don’t fall through the floor, then heat 3,500 SF while not going poor.
These are not serious people. The slightest scrutiny applied to their plan will expose it for the fairy dust it actually is…
I genuinely don’t understand why people don’t sell everything they have, move to Iowa, buy a beautiful old house for next to nothing, and start enjoying a simpler, better, and more affordable life.