Whats the catch for getting these houses so cheap in Dallas, Houston & Atlanta etc?

citykid09 · January 16th, 2009, 05:46 AM

First off, I haven't posted on Skyscrapercity in I think years.

Well any way, I was looking around at diffrent cities to see where I could get the cheapest houses posable, I checked Los Angeles, Houston, Las Vegas, Atlanta, Dallas, etc and found many homes for under $10,000.

So what is the catch? Do I really get to purcahaes these homes for that cheap?

For instance take a this home in Atlanta for $7,900:

http://www.tinafountain.com/idx/resi...3/details.html

I think its in bankhead, is that why its so cheap?

Here are some in Houston:
http://har.com/cs_body2.cfm

And here are some in Dallas:
http://www.viprealtyinfo.com/

Tell me what you guys think.

Infoman · January 16th, 2009, 06:03 AM

There is not catch to it, it's just that so many people a foreclosing there home's and they can't sell them for the original price ,so the bank sell's them for cheap!!! I hope I helped...

citykid09 · January 16th, 2009, 06:13 AM

Quote:

Originally Posted by Infoman

There is not catch to it, it's just that so many people a foreclosing there home's and they can't sell them for the original price ,so the bank sell's them for cheap!!! I hope I helped...

I can see $100,000, but my mind can't seem to believe a house going for $7+ thousand. If I lived in one of these cities, I could easily fix up some of these houses and sale them for more money. Its exciting! I just wish I was one of those people that could pick up and move (which I should be) when I wanted. And I always wanted to flip houses maybe I will check into some of these and do it.

Infoman · January 16th, 2009, 06:51 AM

You have to have some in your city too...Here in NC we had one for sell for like $300 or $500!!! I'm only 16 so I can't buy a home yet!!!

Sean in New Orleans · January 16th, 2009, 06:59 AM

Not sure if it is a "catch." Maybe it is a "deal." I'll say this, you can easily buy a fully gutted home in New Orleans for $10,000.00 to $20,000.00, but, the catch, if you will is that you have to renovate that home with a certain allotted time -it varies by neighborhood but it is winding down. And you also have to lifv in that home fo ra minimum for three years! Good luck!

rickydavisfan21 · January 16th, 2009, 05:56 PM

Quote:

Originally Posted by citykid09

First off, I haven't posted on Skyscrapercity in I think years.

Well any way, I was looking around at diffrent cities to see where I could get the cheapest houses posable, I checked Los Angeles, Houston, Las Vegas, Atlanta, Dallas, etc and found many homes for under $10,000.

So what is the catch? Do I really get to purcahaes these homes for that cheap?

For instance take a this home in Atlanta for $7,900:

http://www.tinafountain.com/idx/resi...3/details.html

I think its in bankhead, is that why its so cheap?

Tell me what you guys think.

Can you read? Its cheap because it has fire damage for christ sakes. And it is bank owns which means it was foreclosed on. Not to mention its in a shitty area of town. THERE IS NO CATCH, its all stated in the description. READ you ninny.

Quote:

New Construction In Pittsburg That Has Fire Damage. Please Be Cautious When Entering. Bank Owned-no Discl,termite Or Hw. Sold As Is. This Property Is Priced Way Below Market Value! Submit Offers Today Property, It Just Won't Last Long At This Price!!!

citykid09 · January 17th, 2009, 12:32 AM

Quote:

Originally Posted by rickydavisfan21

Can you read? Its cheap because it has fire damage for christ sakes. And it is bank owns which means it was foreclosed on. Not to mention its in a shitty area of town. THERE IS NO CATCH, its all stated in the description. READ you ninny.

whats your problem man? I did read, I knew that it had fire damage, but from the pictures it did not look that bad. And I know that its in Bankhead so that could also be why its cheap. But its a really good deal. To me anyway!

***xzmattzx*** · January 17th, 2009, 07:32 AM

Quote:

Originally Posted by citykid09

I can see $100,000, but my mind can't seem to believe a house going for $7+ thousand. If I lived in one of these cities, I could easily fix up some of these houses and sale them for more money. Its exciting! I just wish I was one of those people that could pick up and move (which I should be) when I wanted. And I always wanted to flip houses maybe I will check into some of these and do it.

That's the catch. Who's buying houses right now?

rasca123 · January 17th, 2009, 01:18 PM

Go to Detroit and you can get em by a package.
They give the houses for free in order to avoid the crappy image or something like that.

johnatl · January 17th, 2009, 05:04 PM

Quote:

Originally Posted by citykid09

whats your problem man? I did read, I knew that it had fire damage, but from the pictures it did not look that bad. And I know that its in Bankhead so that could also be why its cheap. But its a really good deal. To me anyway!

Actually, it's nowhere near Bankhead. Pittsburg is a little area across the freeway from Turner Field. It's not nice, but it's not nearly as bad as Bankhead.

citykid09 · January 17th, 2009, 06:01 PM

Quote:

Originally Posted by johnatl

Actually, it's nowhere near Bankhead. Pittsburg is a little area across the freeway from Turner Field. It's not nice, but it's not nearly as bad as Bankhead.

My bad, the other house I was looking at was in Bankhead.

rickydavisfan21 · January 18th, 2009, 02:58 AM

I mean it has a disclaimer practically. There is no catch, you have to buy a burnt out house, it takes a TON of work to get that back up to code.

CusK · January 19th, 2009, 04:59 AM

Cause its in Bankhead thats why haha.

Amd1588 · January 19th, 2009, 10:00 PM

Quote:

Originally Posted by johnatl

Actually, it's nowhere near Bankhead. Pittsburg is a little area across the freeway from Turner Field. It's not nice, but it's not nearly as bad as Bankhead.

Not anymore at least, but year ago it was MUCH worst than Bankhead.

SRG · January 20th, 2009, 12:30 AM

Quote:

Originally Posted by Sean in New Orleans

And you also have to lifv in that home fo ra minimum for three years! Good luck!

That'll sure cut down on pesky real estate investment!!

January 16th, 2009, 05:46 AM	#1
citykid09 Registered User Join Date: Mar 2004 Posts: 346 Likes (Received): 0	Whats the catch for getting these houses so cheap in Dallas, Houston & Atlanta etc? First off, I haven't posted on Skyscrapercity in I think years. Well any way, I was looking around at diffrent cities to see where I could get the cheapest houses posable, I checked Los Angeles, Houston, Las Vegas, Atlanta, Dallas, etc and found many homes for under $10,000. So what is the catch? Do I really get to purcahaes these homes for that cheap? For instance take a this home in Atlanta for $7,900: http://www.tinafountain.com/idx/resi...3/details.html I think its in bankhead, is that why its so cheap? Here are some in Houston: http://har.com/cs_body2.cfm And here are some in Dallas: http://www.viprealtyinfo.com/ Tell me what you guys think.

January 16th, 2009, 06:03 AM	#2
Infoman /BMOREBOY Join Date: Jun 2008 Location: Greenville Posts: 2,955 Likes (Received): 4	There is not catch to it, it's just that so many people a foreclosing there home's and they can't sell them for the original price ,so the bank sell's them for cheap!!! I hope I helped... __________________ -Infoman/BMOREBOY

January 16th, 2009, 06:51 AM	#4
Infoman /BMOREBOY Join Date: Jun 2008 Location: Greenville Posts: 2,955 Likes (Received): 4	You have to have some in your city too...Here in NC we had one for sell for like $300 or $500!!! I'm only 16 so I can't buy a home yet!!! __________________ -Infoman/BMOREBOY

January 16th, 2009, 06:59 AM	#5
Sean in New Orleans Registered User Join Date: Apr 2005 Location: New Orleans, LA Posts: 2,923 Likes (Received): 2	Not sure if it is a "catch." Maybe it is a "deal." I'll say this, you can easily buy a fully gutted home in New Orleans for $10,000.00 to $20,000.00, but, the catch, if you will is that you have to renovate that home with a certain allotted time -it varies by neighborhood but it is winding down. And you also have to lifv in that home fo ra minimum for three years! Good luck! __________________ "America has only three cities: New York, San Francisco, and New Orleans. Everywhere else is Cleveland." Tennessee Williams

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January 17th, 2009, 01:18 PM	#9
rasca123 Registered User Join Date: Sep 2008 Location: madrid Posts: 24 Likes (Received): 0	Go to Detroit and you can get em by a package. They give the houses for free in order to avoid the crappy image or something like that.

January 18th, 2009, 02:58 AM	#12
rickydavisfan21 McSAME and FAILIN Join Date: Sep 2005 Location: Brooklyn, NY Posts: 1,011 Likes (Received): 8	I mean it has a disclaimer practically. There is no catch, you have to buy a burnt out house, it takes a TON of work to get that back up to code.

January 19th, 2009, 04:59 AM	#13
CusK Registered User Join Date: Dec 2005 Posts: 175 Likes (Received): 0	Cause its in Bankhead thats why haha.