- The Detroit Land Bank Authority is auctioning off thousands of publicly owned properties through its public platform, Auction — and the bidding starts at $1,000.
- In June 2017, Vincent Orr, a native Detroiter, won an abandoned home through the bidding process for just $2,100.
- In an interview with Business Insider, Orr explained how he transformed the home into a livable space for $40,000.
- Visit Business Insider’s homepage for more stories.
You can become a homeowner in Detroit, Michigan, for as little as $1,000 — but it’ll take a lot of work.