Low price Properties?

Low price Properties?

I've heard people saying about buying a property for $25,000.00 or $30,000.00...Sometimes even less. Matt from Dean's book mentioned properties as low as $25,000.00. In what state or city do you find these kinds of properties? I live in Alexandria, Virginia and i have been looking properties in Washington D.C, Mayland, and Alexandria VA for the last two months and made 8 offers. Unfortunately, all my offers were rejected. Let me put the numbers below.

Listing price Offer i made
1. $154,000.00 $129,000.00
2. $164,000.00 $133,750.00
3. $64,000.00 $55,000.00,sold for $67,000

4. $192,000.00 $152,000.00
5. $85,000.00 $73,750.00
6. $99,000.00 $82,000.00


All these properties are in Washington D.C and Maryland. With this price in Virginia, you may only buy a condo. Because i couldn't find properties at my comfort zone, i was forced to look properties in a bad neighbourhoods. I made my offers but all rejected. My questions would be:

1. Were my offers too low?
2. How important is location?
3. How can you expect to find properties $100,000.00-$150,000.00 if the neighborhood is selling for over $200,000.00?

Can anyone share some ideas with me? Besides, I'm a student with Dean's Success Academy but i just couln't find someone who can help me with this.




Reality Check

I too have the same problem. Where in the world can you find 30%-50% off MFV? and at prices below $50,000? All these too good to be true success stories are always based on low priced properties. The amazing thing about it is that they are ridiculously low to begin with, yet the owners can not pay or sell it and decide to give it away at a 50% discount!

I have posted many times on craigslist, but have yet to received a single seller interest. I must say I have received numerous other solicitations trying to sell me other get-rich-quick schemes. I'm not sure if it's my area, but thank goodness it's free, otherwise I would have invested a small fortune by now.

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