We have seen properties in Detroit being sold for a much lower price and even for $100?

These are the infamous $100 houses publicised by the media. Houses like these are often so derelict, burnt out or abandoned, have substantial unpaid taxes and water bills registered against the property (as liens), need total refurbishment and in neighbourhoods of very high crime and social neglect. After a year if no improvements are made to such properties, the city council will seize the property and may later demolish it. We do not offer such properties as investment opportunities, as they are not worth considering due to the reason above.