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Old 08-20-2011, 02:53 PM
 
Location: Barcelona, España
8 posts, read 17,535 times
Reputation: 14
Default Which areas have decent homes for under 50k USD?

As like in the topic - where can i buy a house in a good condition under 50k?
I think about some rural home or in downtown (I don't like huge cities).*I'm interested in all southern states.*
Ya, I know that in CA i can't get a rural house, and buying a home in downtown is not very cheap.
I'd like to buy a home, to form an llc company, and for holidays. Maybe I'll move there in the future? Now I live in Spain.

I'd be very grateful for replies
Regards, Arlekin
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Old 08-20-2011, 09:47 PM
 
Location: Simmering in DFW
6,823 posts, read 9,522,658 times
Reputation: 6499
Cleburne, Texas
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Old 08-21-2011, 07:07 AM
 
Location: The Triad (nc)
17,195 posts, read 21,839,868 times
Reputation: 14271
Quote:
Originally Posted by Arlekin View Post
where can i buy a (decent) house in a good condition under 50k?
Nowhere that you would actually want to live.
And absolutely not anywhere you could expect to earn a "decent" living.


Just to be clear:

The terms "decent" and "good condition" mean that the structure is sound from the ridgeline of the roof to the footers and the entire weather surface (shingles, siding, windows, doors) without need for ANY functional repair to anything or replacement work of any sort or need for any cosmetic work like flooring or paint or need mechanical equipment, appliances, fixtures.

To be fair...
it would be hard to find a house this solid for under $100,000 (maybe even $200k) in most metropolitan areas of the US.

Last edited by MrRational; 08-21-2011 at 07:47 AM..
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Old 08-21-2011, 07:47 AM
 
Location: Maine
2,192 posts, read 3,316,919 times
Reputation: 2290
I suspect MrRational is right for the most part.

I just looked up Cleburne, TX. You couldn't pay me to live in Texas, but it's a great fit for many folks. The town is not far from Fort Worth. It does have higher than average crime according to CD, and average schools. It looks like you can get a small, very modest house for under $50k, though I would not know what kind of neighborhood you'd get.
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Old 08-21-2011, 08:06 AM
 
Location: East of Seattle, originally from SF Bay Area
14,077 posts, read 16,413,594 times
Reputation: 9475
A quick search of the real estate listings showed many homes under $50,000 in Stockton, California.

Here's a couple:

1212 E CHANNEL ST, STOCKTON, CA 95205 - MLS# 11060616 - ZipRealty

Search for Homes -- ZipRealty
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Old 08-21-2011, 08:39 AM
 
Location: Oxygen Ln. AZ
8,466 posts, read 10,553,422 times
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Go to a real estate search engine, like Truilla and plug in 95969 zip code for Paradise CA. This is the nicest, with small town atmosphere you can get for $50,000. You can also go up the mountain a bit to Magalia where it is equally pretty with lots of pine trees for even less. Chico is a college town and only 20 min down the ridge and has lots of shopping from an old downtown, very historic, to big box shops. That is where I would go. The weather is not bad in the winter, a little snow, but usually gone in 3 days.
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Old 08-21-2011, 08:57 AM
 
Location: Simmering in DFW
6,823 posts, read 9,522,658 times
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Quote:
Originally Posted by Hemlock140 View Post
A quick search of the real estate listings showed many homes under $50,000 in Stockton, California.

Here's a couple:

1212 E CHANNEL ST, STOCKTON, CA 95205 - MLS# 11060616 - ZipRealty

Search for Homes -- ZipRealty
That is a fixer, not in good condition.
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Old 08-21-2011, 09:10 AM
 
Location: Maine
2,192 posts, read 3,316,919 times
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That's the problem -- anything you find under $50k will most likely be a foreclosure, short sale or fixer upper, and/or in a neighborhood you wouldn't wish on your worst enemy.
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Old 08-21-2011, 12:04 PM
 
2,719 posts, read 3,157,553 times
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Quote:
Originally Posted by Arlekin View Post
where can i buy a house in a good condition under 50k?, I'm interested in all southern states, I live in Spain.
You have no idea what your doing. LOL. Real estate is not like buying gold coins.
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Old 08-21-2011, 12:46 PM
 
Location: NW. MO.
1,817 posts, read 3,665,494 times
Reputation: 1288
Quote:
Originally Posted by Arlekin View Post
As like in the topic - where can i buy a house in a good condition under 50k?
I think about some rural home or in downtown (I don't like huge cities).*I'm interested in all southern states.*
Ya, I know that in CA i can't get a rural house, and buying a home in downtown is not very cheap.
I'd like to buy a home, to form an llc company, and for holidays. Maybe I'll move there in the future? Now I live in Spain.

I'd be very grateful for replies
Regards, Arlekin
Right now there are a lot of rural areas, even in California, that have houses under 50,000 dollars. There will also be cost in upkeep such as mowing in summer and keeping an eye on the property year round if it is vacant as vandals and squatters do like empty houses. Neighborhood is of the highest importance when choosing a place that will not have an owner occupying year round. A person would really have to see a property in person if they don't have someone they trust completely to help them make decisions on a property IMHO.
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