Detroit’s $1,000 houses may be a lousy deal

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The real estate market is so awful that buyers are now scooping up homes for as little as $1,000. There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit.

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Can tiny houses save Detroit? Clogged gutters will send water down the side of your house. deal with. If termites are limited to a small area, it may only cost a couple hundred dollars to get rid of them with a spot treatment..

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You can own a home in Detroit. At a sell price that’s almost literally $1 per square foot, it still may be a raw deal. Detroit’s $1,000 houses may be a lousy deal | 2014-04-18 | HousingWire

The Detroit Land Bank Authority’s Building Detroit auction site initially lists several city-owned homes in East English Village, a residential neighborhood on Detroit’s east side, with starting bids of $1,000 each. The auction for each property will last one day only, with staggered dates in May.

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 · It may be easier to sell the house for quick cash rather than take on these long-term problems. You Have a Lot of Spare Time to Manage Projects If you have a lot of spare time and don’t want to sit around, flipping is a great way to earn money, work in real estate, and take up your time.

In one case, he made a "cash for keys" deal with a squatter in an uninhabitable home: "I gave him $300, he signed a document. It was cheaper, easier and more amicable than an eviction." An.