Problem #1. 32'x16'x one and a half story Historical Train Depot/now garage and work shop. Started to leak in spring snow melt and heavy rains two years ago. Last year leaks were obvious. Now, roof removal and new decking and maybe structural reinforcement. Had considered metal roofing before decking damage. Have not went upstairs to evaluate damage. I have debilitating depression and just do not want to know until I have a plan.
Problem #2. Lost job last August so abandoned plan to fix at that time. Have a very likely chance of work in a couple weeks. I am 64, I have not earned enough in my life so may not retire. $1,400 if I retired now. $2,200 if I work until 70yrs old so not much. I have $14,000 I can withdraw at end of year. No other retirement funds. $15,000 credit card debt.
Fact. Live in Michigan, house paid off and worth $160.000. Scared to take out a HELOC because if I do not pay back what I have borrowed before the ten year draw period ends I will not be able to afford payments and interest. Wanting to leave house debt free to sister.
Am I just hopeless?