Wholesale Real Estate
There Are Still Homes For $10,000! By Steve Gillman
By Steve Gillman
May 19, 2005, 10:50

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!