Buying a House for ONLY $20,000

Check out Upstart here: www.upstart.com/Jon
In this video, I walk you through an abandoned and dilapidated $20,000 house and explain how you could wholesale it for a $10,000 PROFIT!
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DISCLAIMER: I am not a financial advisor. This is for entertainment purposes only. Please do all your research before deciding what to do with your money and investments.
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[@JonSchoeller]

My favorite wholesaling course: tvallc.isrefer.com/go/nbjs/JSchoell/

[@amandawilson4352]

Have you ever bought a cheap house remodeled and lived in it? Or do you just flip?

[@JonSchoeller]

Congratulations to Iron Maniac on winning the $100 "rehab budget" challenge. I will be doing more of these in the near future.

[@oldmcdanelsfarm592]

Congratulations Iron Maniac👏👏👍

[@tanyadeering3749]

Congratulations Iron Maniac. Jon, how much did you spend to rehab the 70k house btw?

[@Moodtoodrude]

I'm excited to hear you using primary bedroom! I commented that our management company changed to using primary bedroom a few videos ago. Thank you for the detailed video!

[@JonSchoeller]

I do my best to make changes that help everyone to feel included 🤗

[@tiffanyreid4084]

This is going to turn out so freaking good when it’s complete awesome videos you guys ❤️❤️❤️❤️❤️

[@annabrinckerhoff3316]

Could you do a video on buying auction houses with people still living in them and the eviction process and how you handle that and how much it costs? Does that happen often when buying houses on auction? Thank you!

[@serenitypowers]

Thanks for taking us through with your beautiful family. 👍🌹

[@nazminnarine7901]

You sure have courage. That house churned my inside.Wow!

[@user-vn6xo2tc9r]

Another great video, thanks for sharing!

[@elainetip6795]

Wow I thought you were joking when you said you had to crawl in the garage door to get in 🤣🤣

[@JonSchoeller]

Haha I wish I were joking

[@asantewaford4027]

Beautiful job love it

[@keleramataiciwa6612]

Cannot wait to see the finish products...watching from Fiji🇫🇯🇫🇯

[@JonSchoeller]

Fiji?? Can we come visit?

[@muhadhbraden1664]

Thanks it was a helpful video

[@JonSchoeller]

Glad you enjoyed it 🤗

[@theagathokakological3052]

That looks about right. I've been looking at houses like this.

[@amiedavis5257]

This property needs to be torn down to the studs...The cement outside needs to be taken down too. The price of lumber has to be up in West Virginia as well. You're looking at an EASY 80K to fix that thing.

[@carolbearce5318]

What about mold in the walls? It used to be that you needed to have a clean mold report in order to finance in WV.

[@monicazebra4394]

I want to learn more from you

[@travisgoodwin4483]

Water can be your worst enemy!!!!

[@JonSchoeller]

Facts

[@noelomondi4849]

Hey Jon, is it possible for someone outside the US to invest in US real estate with deals such as these ones?

[@mph5896]

If it was in my area, I would buy it. Prob take the entire house down to the studs though.

[@JonSchoeller]

Probably needs that

[@recettesnaturedegina3863]

Waw interesting 🤨

[@darnelllewis5984]

Where is the house located?

[@katiesmith1524]

Where are you finding these houses so cheap? I always look at our county foreclosure/auction site but nothing is ever that cheap…

[@theagathokakological3052]

If the housing anything like Memphis. That house next door is 96k. You should see these little bitty houses of sticks they trying to push. They will go to dust before anybody buys them.

[@redneckbryon]

I think that $8000 house was in better shape in some ways. I think there may have been a shed in the jumble of the backyard.

[@HeatherB81]

Haha, the fly trap

[@JonSchoeller]

Always lol

[@SawmillerSmith]

I've remodeled lots of homes. My guess is it will take about $30,000 in repairs and be worth about $180,000.

[@ShellSellars-Smith]

It is way easier said than done!

[@JonSchoeller]

Yep! As is with most things that have a big reward.

[@ladymeli134u]

Hey! Forgot to add Tyler's KZbin channel in the description. 😁 I wanted to check his channel out!

[@JonSchoeller]

I'll add it asap

[@JonSchoeller]

kzbin.info/door/4dDd_mdwM-9dOxgkjg4xAg

[@princessadora]

i noticed quite a few voted $85000 after i had written mine so went back and changed it slightly. was fairly close congrats to winner.

[@JonSchoeller]

Good guess!

[@travelandeat4544]

Where is the location?

[@JonSchoeller]

WV

[@vhievillanueva7607]

😍😍😍😍

[@JonSchoeller]

Appreciate the support!

[@mandycarducci1143]

Roof seems bad

[@JonSchoeller]

Really bad...

[@MO_8]

I think this one will need 72k budget

[@dandrefrancis3749]

🤩🤩🤩😄😄😄

[@JonSchoeller]

Thanks for watching!!

[@maryjennings4913]

This house is a disaster!! But, I do believe that once it's done, it'll be a good one for a retiree, or young single person, just starting out. You'll make it look amazing as always.

[@abutts02]

Almost tempted to say demolish it

[@MO_8]

.

[@abutts02]

At least $100000 for the work

[@theagathokakological3052]

It's not worth 30k more like 15k

[@Kev4Kev]

At what point does it become better to just bulldoze it and build a new house ?

[@JonSchoeller]

Probably at this point lol

[@mph5896]

If the foundation is sound, its definitely salvageable. Easy project.

[@exquisitecaribbeanqueen7198]

Where's your gloves, mask and overalls. Yikes......yikes 😬 😬 😬 😬

[@JonSchoeller]

I know...😮‍💨