Detroit Land Bank Authority
- In June 2017, Vincent Orr won an abandoned home from the Detroit Land Bank Authority for just $2,100.
- In 2019, he purchased a second vacant home from the DLBA for $1,200.
- Orr transformed both homes into livable spaces with only $100,000.
You can become a homeowner in Detroit, Michigan, for as little as $1,000 — but it'll take a lot of work.
The Detroit Land Bank Authority, founded in 2008, set out on a mission to return run-down and vacant properties in the city to productive use. To do so, it auctions off thousands of publicly owned properties through its public platform, Auction — and the bidding starts at $1,000.