Oct 5 2008 - 8:30am A woman from Chicago is the proud winner of the eBay auction of an abandoned home in Saginaw, MI, according to Saginaw News. Her high bid? $1.75.
well - i guess it all depends on how much it'll cost to flip it. i'm a sucker for those shows on TLC that show the guys who flip houses, and i have a feeling that they could make a lot but if
it's been abandoned for so long, then there's going to be foundation issues and all that. she might just want to demo the house and sell the land to someone so they can build a house or
whatever.
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6 Comments Post a Comment
So how much did she pay total?
1Oh I heard this story..even though she bought the house for $1.75 the taxes and everything came to I think like $800.
2I heard the same, aimee. Great deal!
3Shag pad!
4omg, that's like a dream come true. it's a small lot, sure, but it would be such a fun flip. plus, how could you NOT make profit on $800?
5well - i guess it all depends on how much it'll cost to flip it. i'm a sucker for those shows on TLC that show the guys who flip houses, and i have a feeling that they could make a lot but if it's been abandoned for so long, then there's going to be foundation issues and all that. she might just want to demo the house and sell the land to someone so they can build a house or whatever.
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Please share your opinion with our community, but make sure it is on topic and follows our Community Rules. We moderate comments and prohibit personal attacks, threats, spam, lewd images, or the promotion of your personal website.