Buying A House For ONLY $1000 - Cheap Homes For Sale 2024

there are people that have been buying houses for $1,000 all over the country and not many people know about this or even how to do it some properties are being sold for $500 there are some going for $300 this one sold for $2,000 so today I'm about to share exactly how you can go through this process and buy a house for as little as $11,000 too and know you do not have to worry about a credit score or anything else what's up guys this is Monique and welcome back to the channel I am back with the news that you definitely can use but first if you are new here hello aloh Shalom jamb Namaste so let me first start off by letting you know this is not going to be the conventional way to buying a house where you have to go and pay that high interest rate which is over 7% right now you don't have to worry about getting a 30 year loan neither do you have to worry about getting those credit scores up to do this and the crazy thing is not a lot of people are even talking about this but guess what that stops today so make sure you grab your pen and your paper so that you can write down all of this good info so the actual way that many people are now getting into Home Ownership is by bidding on houses and again a lot of these bids are extremely low some are able to get these homes for hundreds of dollars there's people that are getting homes for $1,000 $5,000 I have actually bid on several homes before so when I'm giving you this information it is from my own personal experience but this is a house right here that I actually B on because I'm sure when you think of buying a house for $11,000 it has to be just a piece of wood but these are actually some really nice homes that are being sold for the Lola and I keep saying houses but you can also bid on land too this is some land that just sold for $6,000 and another thing being sold is is commercial properties this is actually a building that my husband and I were interested in getting however we were out bid for this but the bid did start at $5,000 and let me let you know this right now every house won't end up being sold for $1,000 when you bid on it or $5,000 sometimes it may go up to 20,000 sometimes 30,000 but regardless you still end up paying a fraction of whatever their house or land is actually worth but today I am going to show you how to find the cheaper homes the ones that are going for $11,000 and how you can pretty much find them all over the country now in order for you to buy a house for the Lolo the first thing we are going to have to do is go and look at a tax sales map and on this map you are going to want to either focus on the states that are red or the states that are yellow don't mess with none of those other states and let me tell you why because the states that are red are tax deed States this me means that once you bid on the house that the state is auctioning off and you win that bid you will automatically receive that property it will be transferred to you and you are now the owner now the yellow states are was called Redemption deed states that means again you place the bid on that home that the state is auctioning you win that bid then the state will give that owner a certain amount of time to redeem it and that time frame can be as low as 6 months up to 2 years on average there are some states however that will give them 3 years to redeem it and then it's at that point that you can take ownership of that property but do not worry you do not lose your money in the process what ends up happening is you will receive your money back on top of that they will have to pay some penalties and different fees which means that you'll be collecting interest on top of that kind of like an investment but then if the owner does not do what they have to do to redeem their home in a certain amount of period that they are given then you will become the new owner and the reason that these homes are being auctioned off by the state anyway has to do with a failure to pay taxes now one of the properties that I was interested in I learned through my research that the person that was living in that home had unfortunately passed away so there was nobody who claimed it after that and so no taxes were being paid and so the government turned around an auction off that home it pretty much was like an abandoned home because nobody was paying taxes nobody was living in it and not every situation will turn out that way but I'm just telling you some of the things that I have personally experienced again during this process and of course you always want to do your research when you are looking into getting these properties and on the site I'm going to put a link down in the description so that you can actually use this particular site you will want to make sure you don't just look at the map you want to scroll down and look at this list that they have here because some of the states that are considered redemption or deed states are not the right color on this map but it is listed out like Louisiana that's where I live that's where I normally do my bidding and it is a Redemption tax de but up here it has it as a tax lean state which you want to avoid lean and it also lets you know how long of a Redemption period that people have to get that property back if you want to make sure you don't go for the ones that are extremely long but after you narrow down the state that you're interested in buying a house in the next thing you're going to want to do is look first the into that state at a County Parish or city that's actually doing tax deed sales and this part can end up being tedious but one way that can help you to narrow down that is to use something like chat GPT or Gemini and you can ask it to list 10 parishes in Louisiana and the website for tax D sales and usually it will give you a list of cities or counties or parishes that you can look into sometimes it Xs up a little bit and it may not give it to you but if that doesn't work then you can just go straight to Google and type in a city you're interested in I'll just say New Orleans because that's where I live and you can say New Orleans tax DED sales and usually it'll bring you to a website make sure whatever website you go to and look at is a.gov because you don't want to end up getting scammed by people but on that City or County's Government website they usually will give you a link to the particular website that's doing the auction this one shows Civic Source that's the one that I usually use and this is not going to be the site for every single City that's why I'm showing you how to go and look for the particular cities that you are interested in because it's not the same across the board again this part is a little tedious but it's definitely worth it in the end just to show you how to work in some other places let's say you want to look up something in California you can just type in Orange County texd sales and again look for that government site right here it actually lists all of the sites for the different counties so this pulled up everything for you you don't even have to look any further if you want to play around and see what's being sold in different places if you are Georgia Peach you can also just type in Fon County tax deed sales and you should find more info here where the homes are being auctioned all if you're in Tennessee you'll type in Shelby County tax Z sales and I'm just going through these different steps just to show you how easy it is to find a lot of these different sites that's auctioning off these homes not everyone going to be this easy for the most part it really is as simple as that and if all else fails you can just call your city your county your parish and you can just ask them if they do tax these sales and get more information on it now let's talk about the bidding process so once you actually find the website for the county that you are interested bidding on a home in of course you're going to have to register you'll have to give them some information create that account and it's usually free to do so I'm going to be showing you this part through Civic Source because that is the particular site that I use when I am bidding on homes but this will be very similar to a lot of the different platforms out there but basically when you are in here you can actually see all of the different homes that are being auctioned they're going to break it down by Parish they'll also let you know the dates these auctions are going to take place and you can always look through review they'll actually give you some information on lot size you can tell if there's a dwelling on there or not so you want to kind of do some research and look at more information about what it is that you're interested in they'll also let you know who they contact about this home they pretty much spell it out really good for you now these are for the homes that are actually scheduled to be auctioned there are going to be more homes on this site that can go up for tax de Sales but the process has not started right now there's over 9,000 properties that can be auction off so if there's one that's not already scheduled and you want to start the process you're interested and getting that home you can actually put a deposit on it which for civic source is $850 to do that and what that deposit do is it will let them start the research process which means they're going to look into if people are living in their home they're going to look into contacting whoever the owner is and they're going to send them information about this possibly about to be going up for auction giving them a chance to settle whatever taxes they have and that's how that part works and it usually takes about a couple months wants to do the complete process and if nobody claimed that then what happens next is they set that auction date and you'll be able to bid on it once that date comes now if somebody claims that then you'll just get your $850 deposit back but let me tell you about the auction date itself usually it starts at 8:00 in the morning it can go up to 4:00 depending on where you are 600 I believe is the time that it goes up to for civic Source you'll have between those hours to bid on this home and all of the homes in Civic Source actually starts at $5,000 there are other sites like Auctioneer I believe I saw some homes that was starting in the hundreds and Auctioneer is a place that can be found in I believe Georgia and Virginia I think 10 of see uses Civic Source when they do do it so again the platform's going to vary depending on where you're looking for a home so what you'll do is you'll just place your bid and the bids can be placed in $100 increment you'll sit there and hope that nobody else places a bid and if they don't then you will win that auction as the highest bidder on that home for the most part you're going to get at least one or two other people to bid on something you're interested in now if it's something that's real hot it could end up being more people than that so what I usually do is I set a certain amount that I don't want my bed to go over so if it starts at $5,000 I might say I want to only go up to $7,000 and what the system going to do what the computer does at that point is they'll place that first bid for me if someone else comes and bid then they'll Place Another bid but only in $100 increments they're not going to just go through the whole $7,000 at it so they'll continue to do that until they reach my $7,000 that I set if it does reach that and they'll let me know hey you've been out bed so I can either set another amount that I want to go up on or I can decide you know what I don't even want this property that's pretty much how the auction process works until the end of the auction where whoever the highest bidder is deemed will get that property cuz you're not winning it you're paying for it now one thing I have to stress to you if you are the highest bidder and you get that property please make sure you have the money to pay for that property because you will have up to 7 days for the most part with all of these platforms to complete that payment and you will be held liable for whatever amount you told them that you can pay the government will come to collect and you know the government they always come collecting and you just don't want to end up getting yourself in any trouble with that so just make sure if you say you can pay it you can actually pay it now it can't be tempting to hit that big button by $100 more and then somebody else come back and then you're like you know what it's only $100 more next thing you know you didn't B an extra $5,000 just be careful y'all so that's pretty much how the process works from beginning to end but some things that I want you to keep in mind if you are interested into buying a home this unconventional way one thing you have to know is you cannot go and tour this house this is not like a regular house that you are going by it will pretty much be sight unseen sold as is now you can drive down the street and take a look at it if you want to that's what me and my husband usually do we'll kind of go and see what it looks like we'll try to see if we see if people are living there because some of these homes there will be some people that are still living in it and that's another thing that you have to consider because if you take ownership of that home then it's going to be your responsibility to get those people out of the home the government not going to do it for you so that's why I typically try to get homes that are abandoned and don't have anybody living in it just because I don't like that part of it but some people still go forward with that side of things and I can understand that too because regardless if you buy it or not somebody will get it and people feel like why not that someone be me but please do not go popping up to these places and go and say hey I'm coming look at your house because I want to buy it because we want to to make sure that you are able to walk off that property and go home now again me and my husband typically look at the abandoned homes one of the commercial properties that we were looking into was abandoned and we actually went into the building although we should not have done that but I recorded it it was dark there was nothing in there it was kind of spooky though I won't lie we went on ahead and did that just because we were certain that this was abandoned but I do not advise anybody do that now if it's some L you can always go and drive by and take a look at the land that's easy but y'all I'm just trying to keep you safe okay and if you are not interested in moving into the home some people actually invest in these properties fix it up and sell it like I said some of these homes can be worth $200,000 and then you can end up buying it for $40,000 so if you buy for $40,000 let's say it takes about 40 to fix it up then you can profit $120,000 off of that you just have to figure out what you want to do about this you don't have to sell it you can live in it some people choose to do that as well but I just wanted to go over this process I wanted to explain it to you thoroughly so that you can understand this and that you can start taking advantage of this now I know usually all the people that watch this video only 1% of you will probably go forward and try this but regardless I just wanted you guys to realize that there's other possibilities to home ownership out there or investing or whatever that's pretty much it y'all I hope that you enjoyed please like this video because that helps me out other than that I thank you so much for watching and until next time we are out [Music] peace

Channel: Journey With The Hintons

Views: 429,281

Keywords: #journeywiththehintons, real estate, cheap house, how to invest in real estate, real estate for beginners, land for sale, cheap houses for sale, cheap homes, cheap homes for sale, buying a house for 1000, how to buy a house for $1000, cheapest houses in america, cheapest house prices in america, tax sale properties, tax sales, house auction

Id: yU2n3vRaPx8

Length: 15min 14sec (914 seconds)

Published: Thu Mar 14 2024