buy a house or anything else with equity for 100,000$

[hello2006]

I'm really getting sick of living with my family and want to buy a house or anything that has equity such as a condo, I prefer a house however. But I'm really young barely past 20 and don't have much money in the bank but I heard that you can buy really small houses for around 40,000-100,000$ I was wondering where can I find houses like these for sale. I remember seeing one years ago but is there a online place to find places like these?

[rdtx2002]

I'm really getting sick of living with my family and want to buy a house or anything that has equity such as a condo, I prefer a house however. But I'm really young barely past 20 and don't have much money in the bank but I heard that you can buy really small houses for around 40,000-100,000$ I was wondering where can I find houses like these for sale. I remember seeing one years ago but is there a online place to find places like these?

Try Nanuvat!!

or some country city

[jheath]

40-100k? Tough price point. You're going to be looking at really soft markets with fairly poor local economies. Off the top of my head I would say more questionable parts of Hamilton and potentially some areas of Windsor. Again, you likely won't find places like this in areas with strong local economies.

[exstasie]

I'm really getting sick of living with my family and want to buy a house or anything that has equity such as a condo, I prefer a house however. But I'm really young barely past 20 and don't have much money in the bank but I heard that you can buy really small houses for around 40,000-100,000$ I was wondering where can I find houses like these for sale. I remember seeing one years ago but is there a online place to find places like these?

I don't think so buddy. You will be living in a shoebox for that price.

What market are you interested in?

I remember seeing some bachelors in the Toronto area going for $175,000. But that was for 385sqft of space.

[hotgo]

It all depends where you are looking.

There are literally 3000+ 2+ bedroom residential properties in Ontario for < $100000.

Whether any of them are what you are looking for is up to you.

Just browse around MLS.ca to see if anything is in the area you want.

[bmu1]

Location, Location, Location!

[NUTS]

I'm really getting sick of living with my family and want to buy a house or anything that has equity such as a condo, I prefer a house however. But I'm really young barely past 20 and don't have much money in the bank but I heard that you can buy really small houses for around 40,000-100,000$ I was wondering where can I find houses like these for sale. I remember seeing one years ago but is there a online place to find places like these?

agree with other posters

BTW you post that you live in Ontario - thats an awfully big place to live in.

Outside of the major smokestacks & GTA, $100k should get you something fairly decent - then there is the job issues to deal with.

Assuming that you have a house at $100k, rent part of it to support the payments and work at minium wage - that should do it

There is another thread that someone started about buying in Windsor for $60k

http://www.redflagdeals.com/forums/showthread.php?t=660986


IMO, since I live in the Durham region, I would likely suspect that next year houses in Oshawa could probably be got for less than $100k

[nobody1234]

$100,00 can get you a lot of house in Northern Ontario or any remote rural area. It can get you several houses in downtown Detroit.
Where do you want to live?

[HeyAddy]

Location is key...

In downtown Toronto, you can get a bachelor unit under 400 sq ft for 150 to 160K
If you go out of town, you can get other condos (kipling and dixon) 2 bedroom for 40K to 60K but they carry a hefty condo fee with them.
You can go up north and find something nicer for that price point but then again, you're living way out there.

It all depends on what you're looking for!

[srg83]

$100,00 can get you a lot of house in Northern Ontario or any remote rural area. It can get you several houses in downtown Detroit.
Where do you want to live?

Depends how far north you're talking. Sudbury is a tough market - but that's mostly due to high demand / low availability...plus the big mining industry.

[brunes]

Move out here. My 3 bedroom bungalow cost $82,500 5 years ago. Would cost around $140K today I imagine due to lots of improvements. Still lots of props available in the city for < $100K here. And I don't consider it "rural".

[ShopSmart]

I'm really getting sick of living with my family and want to buy a house or anything that has equity such as a condo, I prefer a house however. But I'm really young barely past 20 and don't have much money in the bank but I heard that you can buy really small houses for around 40,000-100,000$ I was wondering where can I find houses like these for sale. I remember seeing one years ago but is there a online place to find places like these?

How bad is it living with your family? Are they abusing you? Whats getting on your nerves? Where does your family live now and what kind of house is it? How much are you paying now? And have you thought about how you'd have to pay for a $100K home. How do you plan to carry the additional costs/expenses for potential repairs, etc. if you lose your job? And lastly, how much do you make a year?

if it's not that bad, then you may want to suck it up and save your cash esp. since you don't have much of it to begin with.

[G-Yo]

How bad is it living with your family? Are they abusing you? Whats getting on your nerves? Where does your family live now and what kind of house is it? How much are you paying now? And have you thought about how you'd have to pay for a $100K home. How do you plan to carry the additional costs/expenses for potential repairs, etc. if you lose your job? And lastly, how much do you make a year?

if it's not that bad, then you may want to suck it up and save your cash esp. since you don't have much of it to begin with.

...the voice of reason.

Id be careful in this market.