In part one we discussed finding undeveloped land using Ebay but sometimes it is better to buy land with a home on it even if that home is in bad repair.
Property that has had a home on it has some advantages such as utility lines, water source, and septic system or sewer lines.
Right now there are many homes in foreclosure that are begging for some TLC from someone that can rebuild or repair them. These may need major repairs or minor depending on the home.
These homes may be in a location where work has dried up so you will need to asses the job situation or consider starting a business or homesteading for a living.
Foreclosed homes are sold as is so try to visit the home and know what repairs will be necessary to make the house livable.
In some cases the home may not be saveable but if the land is good and has utilities you will be ahead of the game and you may be able to salvage a lot of materials from the old house to build your new home. Lumber, windows, doors, and fixtures can all be salvaged.
ALWAYS get a warranty deed on a home and check to make sure their are no liens or back taxes owed. Contact the county offices to verify the home is livable and what taxes are due.
So where do you find foreclosed homes ?
If you know where you want to live contact the real-estate agents listings and the banks or you can use Ebay to find foreclosed homes all over the country.
Click here: Foreclosed homes on Ebay
Just a brief look through these listings and I can see 4 homes that will sell for under $2000!
At that price you get a house or building material, land and utilities so it might be a better deal than buying undeveloped land and building from scratch.
ANY land can be used for homesteading if you have the desire and are willing to do the work.
LaMar
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