Hi is it possible to buy property for between £5000-£10000 GBP in Detroit and if so what condition is typical, shells, rentals?

Asked by Greg, Outside U.S. Thu Mar 4, 2010

Is buying foreclosed homes etc a good investment opportunity? Where are other areas a good source of low cost/ investment level properties for a novice investor?

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Ginger Jones, , Yuma Commerce Center, Yuma, AZ
Wed Mar 16, 2011
I am not in Detroit but I would bet your could contact reo prep or one of their agents and get a direct link to some of those foreclosures.
Web Reference:  http://reoprep.com
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Bob Mitchell, Agent, Warren, MI
Thu Mar 4, 2010
Hi Greg,
Yes it is possible to purchase properties for that which is about $7000-$15000. Most of the properties would need some work from minor to complete rehab. Feel free to contact me for more information.
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