Listing $1
Taxes $400
Deposit $5,600
Renovations $60,000
Flights $10,000
Earlier they talk about taxes + fees totalling about $3,000. A few seconds after listing the expenses they cite a Forbes article, where one residents expects to spend $124,000 to renovate their place.They talk about some of these homes requiring at least $17,000 of renovations to be done.
The houses are sometimes auctioned off, starting at $1, but they may be sold for more than $20,000.
The deposit is refundable if you start renovating within a year after buying the house.