Detroit Dirt Cheap Houses Worth it?

[Ibrahim Yamini]

I'm out of state but I’ve come across a bunch of houses in Detroit that start at $2,500.

Now, I’ll be honest, I don’t think any of these homes could be rehabbed even if with unlimited resources.

My question is about the land.  With taxes and everything, the cost ranges are less than $50 a month.

some of the destroyed houses seems to be in decent neighborhoods, nice houses, lawns taken care of etc.

Do you think it would be worth it to own a few of these properties for the future?   Tear down all the houses and start from scratch? How come no one is buying them? I would imagine this would be a great opportunity for investors with deeper pockets.

This question is for all but I would love to hear from investors in Detroit.  Do you all have any in insight on this market?

-Ibrahim