cheapest livable houses in your area

[Bill Schultz]

I am frustrated with the prices of houses in my city. In the mls, the only houses under $35,000 are ready to be condemmed, and there are only 5 of those. The price point to make money wholesaling, you need to be under $50,000 but there just isnt much out there. Are other people finding the same things in their areas? Even for rentals, you have to spend $100,000 to get a property that doesnt need much work that will rent for $900 a month, nothing exciting there. I hate hearing about people buying a nice property for $40,000 that brings in $1000 a month. Same for flipping, there just isnt money to be made on many of these.

[J Scott]

Every market is going to be different, and in many cases, radically different...

But, to answer your question, in my market (west suburbs of Atlanta), the best deals on the MLS are in the range of $40-50K and move-in-ready that will rent for $800-900.

I just bought one for $46,000, put $2000 of work into it to make it rent-ready, and sold it to an investor for $58,500. This is an example of one of the better deals I find, but I'd say I find about a dozen of these available each year...