Would you buy a home for $1,000? Housing still hurting and new home sales are nearing 50 year lows, according to the latest HUD report. No place has been hit as hard as Detroit.
I’ve found 39 properties listed for sale from $500 to $1,000. Obviously, these properties need some work, but they might make a terrific buying opportunity for the right investor or a nightmare for the wrong investor http://www.realtor.com/realestateandhomes-search/Detroit_MI/price-500-1000.
Last month, I wrote about a $7 house for sale. Here’s the link if you missed it http://moneyprovidesfreedom.wordpress.com/2011/03/04/house-for-sale-7/.
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