It's an American Foursquare house built in 1922 that needs a roof repaired and possibly the entire back wall rebuilt from water damage. It's going to take some time to fix it up before we can live in it.
We bought it really cheap for 40,000 after closing costs with the idea that we could take out a home improvement loan for another 20K and still have a house for considerably less than the going rate of 100K in our area. So far it seems like a great idea, except for the leaky roof and water damage.
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