gentlepuppies
Active Member
So why aren't more people scooping up them $500 houses? Better yet a $100 lot, so you don't have to spend money knocking the structure down (one would be a fool to try to make the house inhabitable and rent it out). Many have back-taxes, but that can be avoided if you buy through the city. What is stopping me from spending $1000 on 10 lots, pay someone to mow the lawn and the $48/lot/yr in property taxes for decades, and sell for a few hundred thousand when the day finally comes?