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Got a grand? Get a house
Foreclosed properties are being sold for ultra-low prices, some for less than $1,000.
How about a house for a thousand bucks？Not a monthly payment, a whole house for a grand. It may sound unbelievable, but it's happening in some cities due to the explosion in foreclosures. Now they may not be pretty or in the best part of town, but some sellers just want them off their books.
Take this one in Detroit, a three-bed, one-bath bungalow with about a thousand square feet, of course, it needs a total renovation inside but the exterior, well, it’s in fairly good shape, the price tag, that looks even better, it's just 500 bucks. Or this home in Cleveland, a four-bed, one-and-a half bath selling for 1900 bucks. For the same amount you could get this house in Birmingham, Alabama. It's had major fire damage but it's located on a public road and sits on about a third of an acre.
To be sure, you will have to put more than a thousand bucks into these homes to bring them up to code. But four walls and a roof for about a grand, that may make a lot of sense to folks these days. But as always, be careful what you buy.
