|
Last Updated: May 14th, 2012 - 22:24:01 |
How do you find a house for ten or twenty thousand dollars? In three steps:
1. Find towns that are affordable. 2. Find houses you like. 3. Make an offer.
1. Affordable Towns
Altoona, Pennsyvania still had dozens of homes for sale for less than $30,00 when I checked today. The cheapest one is listed for $7,500. As the photo on our site shows, this is a cute little town, yet still big enough to have everything you need.
Hot Springs, Arkansas has houses under $20,000, the cheapest at the moment being $13,500. Alamogordo, New Mexico is a town we like a lot, and it still has homes for sale under $30,000. Independence, Kansas has really inexpensive homes. Prices start under $10,000!
2. Affordable Homes
To find houses that are for sale in these towns and others, you can look up their local newspapers online, and check out the classifieds. You can find a local real estate agent online too, and give them a call. One of the best resources, though, is probably www.Realtor.com, where you can search any town for homes listed by price, number of bedrooms, and many other criteria.
3. Buying A $10,000 House
Don't think that if you don't see homes listed for $10,000, you can't buy one. When we were living in Anaconda, Montana (where we bought a beautiful house for $17,500), we watched as a house listed for $18,000 eventually dropped to $9,900, and then was finally sold for $6,000! In towns where houses are this cheap, they often sell for much less than their initial asking price. Make an offer!
Do you own real estate articles or stories and want to share with other investors?
You have chance to win
$100 Amazon Gift Certificates. We will give
away 3 prizes for top authors each month!
Email your articles or stories to:
articles@buyincomeproperties.com
© Copyright 2001 - 2010 by
BuyIncomeProperties.com
Visit
Real Estate Forums
for every real estate investing topics!
Enter Here
Top of Page
|
|