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Old 05-14-2004, 12:51 PM   #11
dar512
dar512 is now Pete Zicato
 
Join Date: May 2003
Location: Chicago suburb
Posts: 4,968
~25 years ago, I bought my first house for 27k. Long commute and a real fixer-upper.

I gutted the place, put in insulation, shimmed the walls (really old house - nothing was square), and put up drywall. Cost me about $1000 in materials. I sold the house for 34.5k. It took all my spare time for a year, but it got my foot in the housing market.

The profit from the first place was my down-payment on a newer home in a better (and closer) suburb.
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