Found a house. Let me know what you think
So I have been doing alot of searching. I found a house on a dead end street with a double lot in a pretty good consistently growing part of town. The house is in good shape. No structural props. Plumping and everything is fine. Needs some light work in the house. 1 room needs carpet and a couple of small things. THe house is being sold so the family can move to another house to be closer to a ill family member. Or so they say. In the shape its in now compared to the other homes in the area i could easily see it selling for 95,000. They had it up for 90000 and I offer 84000 and they accepted.
Its not really a great deal I suppose. But I figured I could sell the extra lot. I have two friends who live with me now who could pay for my mortgage while we finish school for the next two years. Then see about selling in a couple of years and taking the time to build up cash reserves as well as get more knowledge on the game as a whole.
Would this be an ok idea?