Yesterday I looked at a house the owner wants to sell. Unfortunately, I don't think I'm going to be able to help. The property has been vacant for 16 years. If he would have called me when it originally went vacant, I probably could have done something. The experience made me sad. The house is located in a small town with other vacant houses. There is practically a vacant house on every street. I had to drive through another small town, also with vacant houses to get there. He didn't want much for the house, only $8,000 but I don't think that is going to be possible due to the obvious lack of demand.
The situation reminded me of the book "Your Money or Your Life" by Joe Dominquez and Vicki Robin. The basic premise is people only have a finite amount of time so it is a good idea to make sure the money you earn is spent on things that give you quality of life. One of the suggestions was for people to work in a large city where the pay is higher and stockpile money. Once you have done that, you can buy a house with cash for next to nothing in our unpopulated heartland. Put the rest of your stockpile in the bank and live off the interest. Great plan right? Is it viable? The authors did it so they proved it is possible. It's an excellent book. I recommend everyone read it. If anyone wants to move to a small, affordable town, give me a call! I can set you up.