The Financial Independence Show

He Bought a House for $5,000


Listen Later

Real estate prices are out of control... right?
In today's episode, you'll hear how Justin bought a house for just $5,000.
No, that's not a typo, $5K!
The craziest thing is that the place is in decent condition:
Single level
Concrete foundation
Simplest roof possible
No interior water damage
This house is a big project, but Justin estimates he can finish everything for under $25,000.
After running the numbers, this property should blow the 1% rule out of the water.
Justin is expecting to rent from anywhere between $700-$850 depending on how nice he ends up making it and how it's rented.
We'll definitely be sharing updates about this one-of-a-kind property in future podcasts.
If you enjoyed this episode, please share it with a friend!
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
...more
View all episodesView all episodes
Download on the App Store

The Financial Independence ShowBy Cody Berman and Justin Taylor

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

289 ratings


More shows like The Financial Independence Show

View all
Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

752 Listeners

Financial Independence Podcast by The Mad Fientist

Financial Independence Podcast

1,651 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,957 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,522 Listeners

Marriage Kids and Money: Personal Finance for Families by Andy Hill

Marriage Kids and Money: Personal Finance for Families

593 Listeners

ChooseFI by ChooseFI

ChooseFI

5,071 Listeners

Millionaires Unveiled by Jace Mattinson, CPA

Millionaires Unveiled

898 Listeners

The Financial Samurai Podcast by Sam Dogen: Financial Samurai founder, personal finance blogger

The Financial Samurai Podcast

533 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,069 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

431 Listeners

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

33 Listeners

Two Sides of FI by Jason and Eric

Two Sides of FI

338 Listeners

All the Hacks with Chris Hutchins by Chris Hutchins

All the Hacks with Chris Hutchins

1,421 Listeners

Mile High FI Podcast by Carl Jensen & Doug Cunnington

Mile High FI Podcast

185 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

303 Listeners