My First House - $5000 CASH!

I paid $5000 for my first house with the goal of renting it, spent a little money getting it renovated and rented it two times which more than paid for what I have in it. Now I'm getting it ready to sell. This video shows it current condition and talks a little about what I'm going to do to it. I'll post more on the house soonish.
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[@wayneburchwell1977]

I bought ugly houses when I was a young man. Your story reminded of some of my adventures. Not all ended well, but glad I did it.

[@shelleykirkpatrick23]

"Viewer discretion is advised.." *zooms in on magnum condom wrapper* 🙏thank you for not showing the other half! Haha😂

[@MojojoJenkins]

Bring on as many of these videos as you care to create. Creation and modification are two amazing things to watch, so I enjoy finding both on the same channel :)

[@danielbenedict8818]

I think a main reason for the low ceilings was high ceilings result in the warm air hanging out where it is of no use in the winter; if this house was built in ? late 1800s early 1900s, they used everything they could to keep the place warm without using lots of energy. Sure the gent in the video knows this as well.

[@chrisbaker2669]

In San Francisco that house would be $850,000.

[@beatricerights]

In nyc 1,5 million. lol

[@Area559Duh]

San Francisco is the most expensive city to live in North America.

[@barbaraallen7164]

No thank you. I don't even visit SF anymore.

[@inkey2]

In the Boston suburbs even in that condition easily $600,000, possibly more. A friend of mine down the street sold his mothers "cottage" of a home....about 850 sq feet built in about 1910, virtually no yard, one story house with a basement. The place had no renovations in at least 40 years. Someone bought it for close to 600 grand and put two more floors on it. They will probably try and get a million for it.

[@darrellpetty9862]

Yes but the million dollar renovation would be spectacular.

[@sumlittlepunk]

Should turn the kitchen into a bedroom and small laundry room. And install the kitchen in the high ceilinged main floor room with at least a window into the living room.

[@josephfalcone2226]

This was a great video. 😀🏆 Thanks for posting it.

[@JohnHeisz]

"and then that'll be the last time I come on this street" - oh, I know that one! Been involved in a few of those types of places myself. Anyway, good luck with the work and the sale.

[@RookieMistakes0607]

Always wondered John do you plan on finishing the renovation on your own house and selling again (like the last house you owned that you showed on a video) or is this one for keeps?

[@Wordsnwood]

Yeah, it sounds like he's ready to be done with this place!

[@edmarsh5299]

I feel your pain. I found out the hard way that location is everything when it comes to rental property. I am one of the folks that enjoy seeing this kind of video so keep up the good work.

[@thehomesteadcraftsman8975]

Thanks, I'm not to worried about it, got me going in all this and when it sells I'll be able to put that money to use pretty quick.

[@michaelgilbert7851]

Everybodys got to start somewhere I know I did nothing wrong with that and there will always be haters Great Job Craftsman!

[@smac235]

I really enjoy your commentary. You're so honest, whether it makes you look good or not.

[@thehomesteadcraftsman8975]

Ha, that's one of those comments that you can take either way. Talking about money and houses is one of the topics a lot of people don't have the stomach for.

[@david_dewalt]

I love all your videos brother! This one is no exception

[@user-gi6ee8vj1y]

Thank you for sparing me the close-up of the toilet! 😞

[@shawntims3817]

I love these rental videos I would love to see more before and after type of stuff as well

[@thehomesteadcraftsman8975]

Well with the new house I just got you'll get a lot of videos. Thanks for watching.

[@secret0sounds]

Love your videos. I do home remodeling and renting in south Florida and would love to see more videos of your adventures in real estate especially since I don't get to see much frame construction, wood floors, etc.

[@beeleave2736]

I see why not to many renovations happened to this house.. the low ceiling challenges the final look.. however i think this is very wise of you.. i always look forward for more uploads from you.. one of the most anticipated videos to me.. good luck with the sale!

[@ebbrahuber1718]

Neet little house. Would be proud to have it. As a single mom here in SC its hard to find anthing that is affordable. I wish we had places like that here. Thanks for sharing it with us. Have a great day.

[@Thelonelyscavenger]

I like that old house with the funny little closet. We don't have anything too old for homes here in Alberta cause everyone was living in either a teepee or log cabin 60 years ago.

[@lucasustick8106]

You should talk more about flipping and renting houses out. Very intresting topics

[@sharonnowlin2297]

Not a bad house at all for it's age and what you paid for it! It can be spiffed up and it will look really nice! Would love to see it after you finish! I think that you will be surprised how nice that you can make it look !!

[@animefiend16]

My husband and I bought our house for $17,000 and within 3 1/2 years we will own our home. We have lots of work we want to do to it, but it is currently liveable. :)

[@thehomesteadcraftsman8975]

Cool, my wife and I are living debt free as a result of doing a renovation. We paid $11k cash, then over a year I renovated it......but we were not in it during that time so it was easier.....I had it down to the studs, all new everything. You're doing a great thing, not having that monthly payment is huge.

[@alexrose215]

How did you get such a cheap home?

[@wclifton968gameplaystutorials]

Find an area with no jobs or high unemployment and you will find a cheap house as people move out

[@arianagarneri2322]

animefiend16 where ?? Not in California , lol

[@TheJammer765]

how did you find it? website or magazine

[@tinaalonzo80]

I actually really love this little house! Its adorable. A little rough around the edges, but I can see so much potential. And, I'm Only 5'2, so low ceilings are NEVER a problem with me! Lol

[@marlongutierrez5326]

whisperz2080 I agree this house has so much potential!

[@RookieMistakes0607]

Love these kind of Videos and would definitely be interested in seeing more

[@MrFordman302]

Great video I'm definitely liking the house videos thanks sharing

[@davidletz9123]

Good luck, hope you sell it quickly and get the price you list it for. And yes, I like seeing this kind of videos on your channel.

[@thehomesteadcraftsman8975]

Thanks, and me too on all your points!

[@adrielrowley]

Enjoy puzzles, including remodels, so... Very much looks like the ground floor bedroom was the kitchen until indoor plumbing came along and the back addition made. Makes sense then to have the high ceilings to keep the room cooler. Also, mades sense when adding plumbing not to try and cram into the original walls. Got to remember where they came from, grew up with only one person able to go at a time in an outside facility. What a luxury to only have to walk down stairs and a hall to go in the middle of a rainy night.

[@ouvickie]

That's a nice little house. It would make a good house for a single person or a couple. The small bedroom on the first floor would be an ideal computer room. As the main cook and bottle washer at my house, I like having my kitchen sink in front of a window. I have bird feeders outside my kitchen window and it's nice to be able to watch them when using the sink area.

[@maehay4065]

The house looks like it has old popcorn ceilings. I owned a home like that and when I sold it I had that removed before I sold it. It looked so much nicer! Thank you for sharing this investment house 🏡 I always loved the older homes like this one because they are unique! Better than the cookie cutters the developers put out nowadays for sure! 👍

[@enduser6957]

I like these videos as well as your craftsman features. I think its because mostly what I find interesting about your channel is how you find opportunity, put some of yourself into it, and try to walk away with a profit...Liked!

[@thehomesteadcraftsman8975]

Thank you

[@ninjanerdstudent6937]

Property tax must be very low for being willing to hold on to a vacant property for so long.

[@MrJasonshores364]

I absolutely love this little house.

[@eileenworth7862]

Refreshingly candid appraisal.

[@thornbird6768]

This is a really cute little house , I would live in it .

[@PRINCESS8606]

I like this videos. Please do a video showing the house when you finish fixing it.

[@mariablanquet2329]

Can you please share before and after when you fixe the house

[@thehomesteadcraftsman8975]

Will do.

[@shaishannahbennett8055]

@@thehomesteadcraftsman8975 Did you do the house? I'd love to see it.

[@debbiedoud1723]

Can't wait to see it finished.

[@thehomesteadcraftsman8975]

Thanks, me too!

[@luv_a_nurse8960]

I love smaller homes, my home is around 700sq.feet. With a little wooded land in downstate NY. Its my little slice of heaven, and its not fancy but its good enough for my family of 4 and my 3 dogs. I did work hard for it. Its a gorgous home you bought.

[@halibut1249]

Whatever the title issue was, it's a lucky thing the seller didn't fix it. I saw the house in your other vid after you fixed it up and the living room looked great with the new floor.

[@michellejett4849]

In spite of what I see I still say the house has potential..

[@cymoncyrado2879]

I'm too tall to live there and a ceiling fan would chop my head off.

[@Rainbowsofanxiety]

If you're still working on this house, I would make sure the storage closet at the top of the stairs has the door swing out that way you can store much more in the closet than it currently can.

[@inspire734]

I got 2 heavy book cases for $75 each. I am putting them on each side of my bed. Behind them will be a large 8ft by 10ft closet hidden. I will be storing a lot of supplies under the floor. Dig 2 ft. deep spaces for storage bins.

[@Lee-qp6gf]

Rebuilding anything is always interesting.Thanks

[@olgaortiz746]

Yes please love to see the final product please. Thank you...

[@martinjennings8657]

I think it's a sweet little house. Show the model history to it. Whoever buys it should do some history research on it to find out more information about the house. Perfect starter home. I think you did good.🤑

[@mawuho1566]

Very nice to see more of your houses. It is great to see respons to viewers questions. Its interesting for me too, because right now I'm buliding four garages to rent them and I've bought a place to built a four apartment house on. I was working as a winemaker but I'm changing my plans because I like to spent more time traveling. For this rent income is more suitable then a 60 hour per week job. In this order I'm thinking about renovating gipsy wagon (or building them on top of old agricultural trailers) to sell them and Building a living-unit on an old 4x4 fireguard truck or an austrian Army truck. When this plans are realized I might travle throught the US to visit friends and Family with my truck. So, thank you for sharing your experiances and all the best from Germany, Maximilian

[@thehomesteadcraftsman8975]

Very interesting, congratulations on the changes you have made and good luck on your projects. Thank you for the message.

[@nejcmazej1129]

man, 5000!? what?? I paid 13g's for my Ford fiesta.. good deal for the house, it has potential for being a little piece of heaven. I hope you make it real nice, enjoy

[@thehomesteadcraftsman8975]

I'll make it semi nice, it's not worth dumping too much time and money into this particular house. Basically just doing what I said in the video and cleaning it up, inside and out.

[@morbjrn5265]

I feel your pain about people not respecting private property. My great grandmothers house has been sitting for 4 years. We did some work but we ended up giving up when we hit a serious dilemma. So we are trying to find someone willing to buy it. Kids started messing with the property. People tried using it for a parking lot because their 2+ car garage wasn't enough so they had to mess with the oldest house on the block. I can't tell you the nastiness I found in the shed kids broke into. How they could get dirty in a shed that decrepit and dirty is beyond me.

[@ianscottkelley]

you are so inspiring! cant wait to get into this as well!

[@thehomesteadcraftsman8975]

Good luck!

[@christinaperez254]

good business decision to sell this property....you have done a good job making a livable home from a trashed shack. hope you make a decent profit.

[@archean432]

I like it when people fix up houses like these. Usually they're just torn down or left to rot until they fall over.

[@charw5163]

i think ts a cute lil house would look great done up properly

[@two2young93]

I agree.

[@tynchinnamccall5240]

yep

[@MsMesem]

Couple of climbing roses, new paint job and it's a welcoming little home.

[@jackieacheson4928]

Agree

[@SpudEater]

Camaro SS I see that you don’t follow his videos and from the comment, I assume you rent and don’t take care of shit.

[@marieschieler1914]

Nice. You could do a stack washer/dryer in the kitchen. We had one in a kitchen next to hot water heater.

[@chrissiebronx9662]

I like it and i like your logic.

[@auukkechuyenlamgiau8990]

Thank you very much for sharing it’s so good very interesting

[@MOJORAPSCALLION]

What a bargain $5k wow! I wish no properties of any construction type or size available for prices like this in the uk ever! Ours is a rip off country property here is only for the wealthy.. I hope you’ve posted some after pictures/video? It’s a cute home! would look lovely with wooden flooring throughout..

[@leadpersuasion]

Oh i know those kind of houses and people all too well. Hope you sell quick!

[@joycebell6912]

I enjoy your videos.. my family did what you are doing each time we moved we could upgrade to a larger home. It sure works... J Bell

[@pattymiles2688]

Very sweet home! I can see a ton of potential! Someone could be happy if it was completely repaired and cleaned up.

[@Growveguk]

Could not buy a defend garden shed in the UK for 5 grand!!

[@thehomesteadcraftsman8975]

Totally different place, you can still make money here starting with very little.

[@rawkrentals]

Andy Mahoney nothing for $5K in Canada either.

[@SteifWood]

A friend of mine built a 1st-home shack of pallet wood and scraps somewhere in hillbilly SE Ohio 20 years ago. I think the cost was < $100. Oh, and she always had a funny smell to her ...

[@rawkrentals]

Stiff Wood you can definitely build for less if it's not a permitted build and built of salvaged and or natural materials but $5K for a house is crazy cheap!

[@SteifWood]

I know,,, I just re-modeled just my bathroom (to code and beyond) and that cost me $40K

[@rennierad]

I think your an amazing man and a caring man too. You help poor people buy a home that is fixed up, your work definitely speaks for it self because it's that damn good. I just subscribed and look forward to watching your video's. Thank you so much for helping the poor and this house will look wonderful when your done it will be a good home for first time buyers. May the Lord bless you and your family. ❤

[@susanbrown4297]

Thanks for your reply. Merry Christmas!

[@lory6605]

I would like more renos and also your home repairs. Tfs

[@reconstructingleslie4597]

Wow! It’s cute!

[@davidfigueroa8181]

enjoyed the house vid. yes to more please. ☺😚😉

[@thehomesteadcraftsman8975]

Thanks

[@starsaintcyr7327]

I wish that house was still for sale. I would pick it up in a heartbeat.

[@SunsetBayBonnie]

i like it, theres something about that house that kinda makes u feel comfy, maybe cos its small..idk but i enjoy watching these vids!

[@thehomesteadcraftsman8975]

It could be yours!

[@SunsetBayBonnie]

lol, its a lovely thought but i could never move, all my family is here.

[@granny58]

@@thehomesteadcraftsman8975 not in that neighborhood. Ty.

[@jborcz1014]

That’s amazing a home like that would be a lot closer to 300-500 k where I live.

[@wilkinsoncarpentry6278]

In Australia south coast of NSW that house in that condition would sell for $600,000 -$700,000 easy

[@TheRamsfanstl]

Hey man I just found your channel and you've inspired me quiet a bit. I just wanted to say that I'm an HVAC tech and that fence you built around the heat pump isn't something I would recommend doing again at a future property. I know you did it for security reasons but what happens during the AC season is that confined space will heat up dramatically and burn up your outdoor unit.

[@thehomesteadcraftsman8975]

It's pretty ventilated, top and bottom. It's either that or it disappears.

[@TheRamsfanstl]

I guess I'd rather it run hot than run off!

[@elizabethfrederick2434]

I think before and after are very educational. So please do those and I will be watching.

[@johnfithian-franks8276]

Hi, I think you should consider putting another window into the kitchen, it would improve the room 100% without too much work and probably increase the selling price as well

[@RedStag86]

Really like your videos, one of the best channels on KZbin. (You, wranglerstar and Essential Craftsman are my 3 favorites!) Would love to see videos more often and more remodeling vids! Keep it up!

[@thehomesteadcraftsman8975]

Thanks, I've got a lot more on the way.

[@thomasbooker3829]

Did you replace the wiring in the walls or just the service outside wall and panel upgraded?

[@Matthew-mq6fz]

You are a brave man to take that house on!

[@thehomesteadcraftsman8975]

Should have seen it when I bought it...some goes for the house I live in but it's basically brand new now.

[@diedrapayne6202]

Really love your vids!

[@tammywines9789]

I like this little house it will be s nice home for someone!!

[@StephenNu9]

You should fix-up that side shed. Blend it into the current colors of the house. In its current state, it seriously detracts from the house and property. When a house is $5,000, it tells you everything about the neighborhood. Selling it, and getting out is the wise choice.

[@estherstrategicadvisor749]

StephenNu9 OR holding on to it til things change. What's $5G?

[@FoolyLiving]

Does that tile in the kitchen have asbestos in it? You should make sure it doesn't. I removed two entire rooms of asbestos tile and didn't know it, because I didn't know FLOOR tile had it in there, I thought it was only ceiling tile.

[@thehomesteadcraftsman8975]

No, these are modern adhesive backed vinyl tiles. Asbestos is in all kinds of stuff, insulation, ceiling tiles, floor tiles, electrical wire jackets, pipe insulation, exterior siding and more. It's good stuff, just bad for you.

[@graceonline320]

Are you able to put some video up on how this house turned out after you completed all the work. We would love to see what it looked like afterwards!

[@doktorzappergeck492]

I'd like to see more videos about your houses, too.

[@nonamie7294]

I would love to see the kitchen sink right in front of the window.. It is such a prioirty to me and I won't even look at a house without it.. sooths the soul to gaze out the window while doing the dishes.:) Rose

[@thehomesteadcraftsman8975]

If it's soothing to look at a faded green house about 6 feet from that window, then this is the house for you!

[@granny58]

@@thehomesteadcraftsman8975 she can put a trellis fence with flowers between them. It's a girl thing.

[@TWROC96]

Just found your channel. You have lots of good information on it. Did you sell this house and if so, do you mind sharing the sold price or at least a ball park? Did you post a follow-up video after you completed the work on this house? Thanks.

[@selitaswipes8795]

I enjoy your reno videos. I was wondering if you have any after video's of this little property. I enjoyed the 12,000 house on your other channel. You did a great job.

[@thehomesteadcraftsman8975]

I’ll be talking about this house at some point. Ive sold it but have video and photos.

[@crazytimber1767]

great work and happy work on your house

[@thehomesteadcraftsman8975]

Thank you.

[@jasongates-]

What happened to the links that were going to be in the description? Is this in the south? As of next month, this was posted two years ago, so can we assume that it was sold by now? I bet you're happy that you don't have to "Go on this street" anymore. Thanks for the tour.

[@inspire734]

I got my childhood home built in 1940 at a tax auction for under $2,000. It is badly damaged needing new floors and ceiling in places. I plan on redoing it anyway to a different home. It looks like a cabin now. The attic is 2 bedrooms. I am going to take out the livingroom ceiling and right side bedroom upstairs and make 14ft ceilings. Replacing the staircase with a spiral one. I am using 3 trees 2 as pillars and one for the center of the stairs. My big problem with the laws in Missouri. You can't step foot on the property for 1 year after buying it. You can't actually own it unless you have the Deed. There is a cut off date and these women that work at the court house gave me only 5 days before it would be cut off after paying 4 years back taxes. You have to give 90 days for response on written documents and it was 85 days until the cut off 1st of Feb. The laws are very misleading. When I get settled, I am going to try to get a group of people together who have had the same thing happen to them and get the laws changed. My house is condemed because it sat 7 years empty and now I am getting attorney documents that state they want to tear it down. They do not know about all this other crap. Until I get that Deed, why put anything into it? The previous owner owed the bank close to $2,000. and they want me to clear that up. I was told it was illegal for attorneys or banks to discuss a case of other peoples. I was being told to do something illegal by pestering the attorney again with the same request. All this needs to be stopped. I am going to try to make videos of my progress from the crazy law to the finish of the place. I am getting an FHA fixer upper loan. You need a score of 660 and the house has to have a foundation. So I hope to start in April and have it done in Aug. I am doing most of the work myself. That is why I am watching videos like yours.

[@thehomesteadcraftsman8975]

Sounds crazy. I suggest keeping the outside looking "ok" as in cutting the grass, etc......even if you are not supposed to. I cut the grass at a house I bought for months before I ever bought it because I did not want the city to keep cutting it, which adds $250 to the tax bill.............which I had to pay to free it up.

[@smalltownplaya712]

" You can't step foot on the property for 1 year after buying it", what does this mean? You are saying if you buy a house you cant move in?

[@suedefringe]

Kitchen is what we call a "shed kitchen/ extension" in Philly. Probably not an original portion of the house. Was an ad on somewhere along the way. That's why the ceiling is much shorter. I personally hate shed kitchens and refused to look at a house with one when I bought mine. They are notorious for water/critter/structural issues.

[@gdcat777]

Magnum X5? Wow! That's a bigun!

[@Healedhomegirl]

My husband and I bought a house in Springfield I’ll paid cash for it scrubbed it clean painted every wall....called an electrician (only needed $1000 worth of work)! Loved there 3 years sold it for $30000

[@NationandState]

WHERE ARE YOU LOCATED??? No idea.

[@julianadams5753]

I wondered why the difference in the heights of the ceilings. One room had a 7-ft. ceiling while another had a 9-ft. ceiling. Was it built that way?

[@deborahbaca1345]

I'd paint it ALL white including shutters. Cool video.

[@oddthomas6325]

I think this house is cute and perfectly fine for a family who cannot afford more (or even if they could afford more). I don't know the situation regarding the neighborhood it is in, but the house itself is fine.

[@vtlgbtbt4]

Is there an after video for this? I recently found your channel, and I know everyone is constantly telling you what you should do, but if love to hear more about how much you put in to houses and what you get out of them

[@Bobrogers99]

Except for the heat pump protection, the house has curb appeal. You could sink a lot of money into that place, but you don't want to exceed the quality of the neighborhood. I'd make the downstairs bedroom the kitchen, and if structurally possible take out all or part of the wall between it and the living room. If you can get more ceiling height in the old kitchen, that might make a good master bedroom. But then you'd have to squeeze in a bath upstairs. So much you could do, but you have to limit yourself to improvements that are cost-effective.

[@Vontharau47]

I'm from Germany where a proper built garden shed costs more than 5000$. We build with stone though and not that cheap ass wood which gets blown away by the next minor storm. Good luck with selling the place!

[@thehomesteadcraftsman8975]

Not sure if this comment is serious, sarcastic, narcissistic...etc. I think we have a relativity situation on our hands here, not everyone can have $5000 garden sheds.

[@Vontharau47]

Well im actually wishing you luck on selling or renting the place, because i approve of what you do. Restoring stuff that is actually quite good when taken care of. The cheap ass wood part was referring to the bad weather u had in ur country which torn mayor communities to pieces, because of the wooden housestructure which is just inferior to stone that should be used everywhere to just be much more resistent and stable towards bad weather. If a storm comes, you dont loose everything as many families did in Texas for example which makes me sad. Rent a cheap place and save money until you can buy a home that is not out of wood. Simple as that.

[@thehomesteadcraftsman8975]

It all depends on where you are at, stone is great to high winds but look what happens to a stone or masonry building in an earthquake. They collapse and kill everyone. Not to argue, but there's a limit to any building material, also stone is not available everywhere in quantities to build with. Wood has lots of benefits, the speed of building, weight, availability, cost, modifications, etc. With that said, stone is a beautiful material.

[@josemorenoporras7506]

Coming from Spain(brick heaven) always wonder about US houses are made out of wood. In EU most houses are made from bricks,but most of the people live in a flat. Bricks&concrete are cheaper than wood here. I think in US wood is really cheap. In Madrid a cheap flat is like 50.000 €.

[@AlottaBoulchit]

IIXMCMXCI V As someone from Texas who live through the recent storm I don't think stone is going to protect you from 20 feet of water, especially if the ground below it washes away with flood currents. When you experience a real, true, disaster storm you'll rarely come out unscathed.

[@michaels7345]

Do you have a follow up video after this one?

[@sylmarie6494]

Was looking for the other videos on this house. Wanted to see what it looks like after the reno

[@thehomesteadcraftsman8975]

I need to do a final walk through still, thanks.

[@onetuliptree]

The house is attractive rustic old house, glad you are changing to sheet linoleum

[@fierykatie5552]

I really like the house.