As most of the regs know, i'm looking to get out of dodge and move from ct to southern new hampshire. I have some interviews in the works in and around Manchester and it looks like this summer i may just walk away form my current house (i'm upside down over 100k and they refuse to re-fi me, so screw them) and buy a new place in my g/f (soon to be fiance's) name. (or, cash.... i'm considering talking to my grandfather to get a loan from him.) but that's off topic. My credit is already junk anyway and i really have no need for it once i get a new place.
So, long story short, I found a crazy deal on a house in the area i'm looking. It has like 6 garage bays, a 1500 sq foot main great room and crazy space everywhere with tons of bedrooms and bathrooms. it's over 7000 sq feet and has almost 8 acres of land with a view to boot. and it's being sold at such a bargain. (The idea of opening a bed and breakfast or some kind of wellness retreat house here continues to cross our minds. We are very 'holistic' in nature and the whole living on the land thing appeals to us a lot. It's something we have discussed to help offset costs as well as allow the gf to stay at home with the kids when they come. )
Doing the due dilligence on why it's so cheap, the house was part of the assets of a drug raid. The guy pleaded guilty and is currently locked up for the next few years. the house was auctioned as it was taken away from him as it was, i guess, bought with drug money, or whatever else.
It sold at this acution for like 50 grand!!
Who knows what it looked like then. now they are listing for 150k. I assume there's wiggle room to boot. I assume it was face lifted a bit as the stuff inside all looks like the work of a flipper and a lot of the stuff looks new
So, the price IS too good to be true. or is it?
The guy will be getting out some day. He plead out, according to the newspapaer clippings i can find on it, so probably only has a short sentence for the trade off. In 5 years, he might 'want his house back'.
Due to the location and size, i assume this was his 'retreat' to get away from the city, etc. So, i doubt any hood bangers even know of the place. It's also been a few years since this all happened already so it's been a long forgotten place to most by now probably after their boy got clamped.
I personally am not worried. I'm not afraid to protect what is mine and will have weapons in the house to defend it if necessary. But, my g/f is scared. She basically wants nothing to do with the place because of it's past.
So, I've considered going to visit him in jail and see what kind of person he is. I know plenty of people who, on a much smaller scale, have flung a few bags of dope to get by, and they are perfectly normal human beings who wouldn't hurt anyone unless their life depended on it. There's a benefit of the doubt to be found in a personal character. Would a visit saying, 'hi, i want to buy your old house, but want to make sure you aren't going to want it back when you get out or kill me over it' be out of line? Has anyone ever done something like this?
Thoughts?
So, to keep this on topic for the pellet forum, how the heck could i heat that place?!?!?!?! 7000 + sq feet must cost a fortune to keep above freezing. There's at least 1 fireplace in the living space from the pics i've seen.. I'd probably add in 2 wood stoves as well on either ends of the home. And i'd like to have at least 1 pellet stove in the center of the house so that extended times away could keep most of the house warm. There's hardwoods on the property so local harvesting would be the key to feeding the wood stoves. Does that sound like a good way to go? A pellet furnace is probably a good idea too.... but i'm not going to have too much extra cash right away if i buy this in unconventional methods like i think i might. Plus, supplies may be limited in the area. Wood would be much easier to come by with a chain saw and splitter.
Is it too much? I don't have any kids.... yet. I'm fairly young at 32. hoping to have a couple in the next 5 years or so. So for the time being, it would just be me and my gf here, and possibly down the road, a B&B, or rental rooms for skiing, etc. Am i just dreaming that this is the deal of a lifetime? would the maintence costs, including heating, just be way too much to make the selling price worth it. And what if i want to move down the road? would i be stuck sitting on it because of it's past? Would the g/f never feel safe?
Where's the fine line of excess versus deal of a lifetime?
So, long story short, I found a crazy deal on a house in the area i'm looking. It has like 6 garage bays, a 1500 sq foot main great room and crazy space everywhere with tons of bedrooms and bathrooms. it's over 7000 sq feet and has almost 8 acres of land with a view to boot. and it's being sold at such a bargain. (The idea of opening a bed and breakfast or some kind of wellness retreat house here continues to cross our minds. We are very 'holistic' in nature and the whole living on the land thing appeals to us a lot. It's something we have discussed to help offset costs as well as allow the gf to stay at home with the kids when they come. )
Doing the due dilligence on why it's so cheap, the house was part of the assets of a drug raid. The guy pleaded guilty and is currently locked up for the next few years. the house was auctioned as it was taken away from him as it was, i guess, bought with drug money, or whatever else.
It sold at this acution for like 50 grand!!
Who knows what it looked like then. now they are listing for 150k. I assume there's wiggle room to boot. I assume it was face lifted a bit as the stuff inside all looks like the work of a flipper and a lot of the stuff looks new
So, the price IS too good to be true. or is it?
The guy will be getting out some day. He plead out, according to the newspapaer clippings i can find on it, so probably only has a short sentence for the trade off. In 5 years, he might 'want his house back'.
Due to the location and size, i assume this was his 'retreat' to get away from the city, etc. So, i doubt any hood bangers even know of the place. It's also been a few years since this all happened already so it's been a long forgotten place to most by now probably after their boy got clamped.
I personally am not worried. I'm not afraid to protect what is mine and will have weapons in the house to defend it if necessary. But, my g/f is scared. She basically wants nothing to do with the place because of it's past.
So, I've considered going to visit him in jail and see what kind of person he is. I know plenty of people who, on a much smaller scale, have flung a few bags of dope to get by, and they are perfectly normal human beings who wouldn't hurt anyone unless their life depended on it. There's a benefit of the doubt to be found in a personal character. Would a visit saying, 'hi, i want to buy your old house, but want to make sure you aren't going to want it back when you get out or kill me over it' be out of line? Has anyone ever done something like this?
Thoughts?
So, to keep this on topic for the pellet forum, how the heck could i heat that place?!?!?!?! 7000 + sq feet must cost a fortune to keep above freezing. There's at least 1 fireplace in the living space from the pics i've seen.. I'd probably add in 2 wood stoves as well on either ends of the home. And i'd like to have at least 1 pellet stove in the center of the house so that extended times away could keep most of the house warm. There's hardwoods on the property so local harvesting would be the key to feeding the wood stoves. Does that sound like a good way to go? A pellet furnace is probably a good idea too.... but i'm not going to have too much extra cash right away if i buy this in unconventional methods like i think i might. Plus, supplies may be limited in the area. Wood would be much easier to come by with a chain saw and splitter.
Is it too much? I don't have any kids.... yet. I'm fairly young at 32. hoping to have a couple in the next 5 years or so. So for the time being, it would just be me and my gf here, and possibly down the road, a B&B, or rental rooms for skiing, etc. Am i just dreaming that this is the deal of a lifetime? would the maintence costs, including heating, just be way too much to make the selling price worth it. And what if i want to move down the road? would i be stuck sitting on it because of it's past? Would the g/f never feel safe?
Where's the fine line of excess versus deal of a lifetime?
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