Hi, I was wondering if any of you have purchased low cost houses off of ebay, such as the 'no payments, bid and you bought the house' auctions. If you bought a house for under 10k on here (mainly the fixer uppers), what was your experience? Were you able to fix it up and turn a profit? What problems did you encounter? Were there things the sellers didn't mention (like you can't leave the home on the property, or the city is demolishing it?) Any paperwork problems? What about these quit claim deeds? Has anyone ever issued a quit claim deed to you and not had a claim to the home in the first place to quit? Mainly interested in long-term profits on crappy looking homes. What areas of the country were you successful with? I'm in Ohio, and there are many Dayton, Toledo, Cleveland, and Youngstown homes for sale cheap, but not sure about cheap houses in bad areas. Do you make anything on those bids or do people ransack and burn down your houses? Thanks for any info you can share. I appreciate it. Sincerely, Sarah T.
Orignal From: Wondering How Real Estate Purchasers fare in long run
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