Originally Posted by will76

the borded up shacks look about right, you paying for the lot in those cases minus the cost it will take you to demolish the house and get it hauled off which might cost more than you paying for it. In 99% of the cases on those "10K" homes they are beyond repair. On the ones that look like they are in good shape it is likely there are liens on the property that you will have to pay as well. I can't believe that someone is going to sell you a house in decent condition in a decent neighborhood for 10K with no other costs involved. People still have to live somewhere and you can rent a house like that for at least $350 a month so you would have you money back in 3 years. If that was the case they would have be grabbed up before the ad even went live.

Something is wrong with it, if it is too good to be true 99% of the time it is not what it seems.