Never buy a property sight-unseen. Structural issues, such as a compromised foundation or a "stripped" interior (where scavengers have removed copper piping), can turn a $5,000 bargain into a $100,000 liability.
Buying a cheap house in Detroit is a high-risk, high-reward endeavor. It provides a rare chance to own property with minimal debt, but it demands "sweat equity" and a long-term commitment to the city’s ongoing recovery. For those willing to do the work, it is a chance to be part of one of America's great urban transformations. buy cheap houses in detroit
Buying outside of protected government programs can sometimes mean inheriting unpaid water bills or property tax debts. Never buy a property sight-unseen