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Old 08-25-2005, 10:47 PM  
SleazyDream
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Join Date: Jul 2001
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is it smarter to buy a fixer uper house or a finished house?

I got to thinking a while ago when someone told me about a $10,000 mortage they have - it shocked me cause mine's only about $1000 - but then i stopped and realized i spend usually over $10,000 a month in reno in the last few houses I've bought..

which is the better route? not going to make much when i sell them but i'll get my money back and then some - but no different then if i bought a finished product..

i feel safer with something i can renovate though - always worried the money will stop even though i've been a constant earner for years and years - i like small commitments with the option to throw in larger cash when i feel like it vs a large scarry one

thoughts?
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