There’s been a lot of headline news about Detroit, specifically that you can buy a home there for $1,000.
The Detroit Land Bank Authority is trying to put run-down and vacant properties to productive use. As such, it is now auctioning off thousands of publicly owned properties through its public platform Auction — and the bidding starts at $1,000.
So is this a good idea? I thought it would be a good idea to bring in our Detroit full service property provider/property manager to tell us what’s going on.
Our Detroit affiliate will be joining us in Cleveland next weekend. Learn more here.
Disclaimer: The information provided on this page is for educational purposes only. Real Wealth Network makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall Real Wealth Network be liable to you or anyone else for damage stemming from the use or misuse of this information.