ilmscore | Should I buy a $22,000 house?

Should I buy a $22,000 house?

Published: 2020-12-03
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The speaker's investment property, despite its condition, has been profitable.
"this one's been profitable so"
Real Estate Investment
Pending
The house is projected to rent for $700 per month once renovations are complete.
"it'll be a nice house for 700 bucks a month"
Rental Income
Pending
Mid-range laminate flooring installed three years prior has not lasted as long as expected.
"we were told that it would last forever and if you look um it has not lasted forever"
Flooring Durability
Pending
The speaker favors PEX plumbing for its ease of use and durability.
"we're big on pecks i love pex it's just plastic hosing and it's so easy to use"
Plumbing System
Pending
Cabinets from the 1950s are expected to last indefinitely with proper care.
"if you take care of them they will last forever"
Cabinet Longevity
Pending
A heat treatment method was used to address a bed bug infestation in the house.
"we had it treated with heat um more fun here"
Bed Bug Treatment
Pending
The property was acquired in 2013 for $22,450.
"this house was purchased in 2013 for princely sum of twenty two thousand four hundred fifty dollars"
Real Estate Purchase
Pending
Approximately $13,000 has been invested in renovations for the property.
"i put a total of uh i think 13 000 in it"
Renovation Costs
Pending
A new roof has been installed on the property.
"we did put a brand new roof in it"
Roof Replacement
Pending
A $2,500 water bill is identified as a significant financial burden on this property.
"the killer on this one more so than the damage that's been done has been the 2500 water bill"
Water Bill Debt
Pending