1. Find towns that are affordable.
2. Find houses you like.
3. Make an offer.
1. Affordable Towns
Altoona, Pennsyvania still had dozens of homes
for sale for less than $30,00 when I checked today. The cheapest
one is listed for $7,500. As the photo on our site shows, this
is a cute little town, yet still big enough to have everything
Hot Springs, Arkansas has houses under $20,000,
the cheapest at the moment being $13,500. Alamogordo, New Mexico
is a town we like a lot, and it still has homes for sale under
$30,000. Independence, Kansas has really inexpensive homes. Prices
start under $10,000!
2. Affordable Homes
To find houses that are for sale in these towns
and others, you can look up their local newspapers online, and
check out the classifieds. You can find a local real estate agent
online too, and give them a call. One of the best resources, though,
is probably www.Realtor.com, where you can search any town for
homes listed by price, number of bedrooms, and many other criteria.
3. Buying A $10,000 House
Don't think that if you don't see homes listed
for $10,000, you can't buy one. When we were living in Anaconda,
Montana (where we bought a beautiful house for $17,500), we watched
as a house listed for $18,000 eventually dropped to $9,900, and
then was finally sold for $6,000! In towns where houses are this
cheap, they often sell for much less than their initial asking
price. Make an offer!
Steve Gillman and his wife Ana Blum traveled the
country exploring great towns where there are still affordable
houses. They bought a beautiful home in a cute mountain town for
$17,500, and created a website where you can learn how to do the
same. See a photo of their house and learn more at: http://www.HousesUnderFiftyThousand.com