I did it once. I heard about from a friend. Guy was doing a flip and was about 2 weeks from listing it. I saw it while he was working on it and offered him asking. He asked if I could close and opened my bank app on my phone and showed him my bank account while standing in the living room. He accepted. We made about 50% when we sold it 6 years later.
Just depends how much you like this house vs getting a great deal. It's usually one or the other, you fall in love with a particular house you will end up overpaying - but that might be worth it to you, who really wants that particular house. On the other hand if you shop and compromise on location/features, you can probably find a stupendous deal. Really just depends on what you value more out of that particular deal, best deal possible or exact house you want?
At one time backing up to an orchard or nursery would be great. Nowadays just as many get sold and turned into 5 over 1s or a development. Ugh.
I would worry about whatever chemicals the orchard was using on the trees. It would smell amazing when all the blossoms come out though. We have a small pomelo tree in our backyard, I'll walk out there in the spring just to smell the tree.
I grew up on glyphosate and micro plastics, and look how I turned out.
Worth it, possibly, if Im making close to a quarter mil a year... maybe? If I was managing it, with high expectations from a landlord - you'd have to make somewhere around 130k a year to stay there as a single person.
those micro apts have no bathroom, when the whole floor is eating salmonella joses burrito van and then you all have to share a communal toilet.
I mean honestly.. if it had a clothes washer/dryer in that unit, I would be chill as fuck living there as a single guy. But after living with a chick for the last 6 years, aint no way in fucking hell I'd sign up for it if I had a significant other again, though. Thats straight bachelor pad only.those micro apts have no bathroom, when the whole floor is eating salmonella joses burrito van and then you all have to share a communal toilet.
at some point you reall compromise.
like my nephew in nyc has a 300sq/ft condo
yea pretty much this
the value has gone up 50% cuz he got it pre covid, he doesn't even live here, he was able to luck out on a nyc apt lottery and has a 500sq/ft central park apt he rents for 1200/m, he's single so yea.
you have to get an ultra apt in nyc to have in unit w/d, and no joke the one my nephew is renting for 1200/m the other apts are being rented for 5k and theyre still doing basement communal w/d's in the complex... i mean which is still better than schleping your clothes to a scary ass laundromat.
Definitely a place that would actively encourage you to not eat at Taco Bell, or eat gas station sushi and similar. You just end up shitting your pants cause the one time you're in an "emergency" the stalls are full.
Could just try to offer him a purchase price that the boy can stay there for a maximum of 2 years without incurring rent or property taxes. I know that may not be ideal, but that would secure the property "now." The two years is something I pulled out of my ass, make it whatever you want. But thats the gist of it.