I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...

This Housing market collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

I was offered a 50 million dollar mansion with 25 acres for 150k, catch was the property assessment and back taxes, tax on it was like 90k a year. Belonged to a drug kingpin that got busted. Saw some other good deals, property haunted. Other issues, old places got asbestos issues, lead pipes, rotten wood, leaky ceiling, can’t change too much if Historical buildings, all sorts of restrictions, there is a reason why it is selling so cheap lol.

The Decatur Illinois home is sold. The lake Charles home is sold. Victorian home in Ohio is sold. The Ashland Kentucky home removed their listing. The Port Huron Castle is still for sale and so is the one from Wheeling West Virginia.

I can only imagine the heating bill and taxes plus renovating 😱

Interesting properties but I'd imagine the cost of repairs and heating and taxes are the hidden costs. The Italian prime was my favourite one.

Could you include the cost of property taxes on the properties you show.

The big blue house in Lake Charles used to be pink. It's right around the corner from my apartment. I've always wanted to own it.

Just because you can afford to buy something doesnt mean you can afford to own it.

If these cheap mansions for sale were any kind of a bargain, don't you think that local, savvy, experienced investors would buy them already? There a lot of successful property investors in every part of the US who constantly scan the market for good real estate deals and underpriced properties. There's a reason why these mansions haven't been snapped up already.

The Italian house in Wheeling WV is Italian because of the huge influx of Italian immigrants in the late 19th through mid 20th century. Huge Italian heritage in that area.

Repair and maintenance would be mind bougling, old mansion also give me the impression that it is haunted, given all the haunted movie there is out there

I love these old homes. Perfect dream homes! Im betting the low cost is all about location.

usually if it sounds too good to be true , it usually is just imagine the needed renovation costs of some of these essential repairs and all has to be or brought up to current code standards and what about maintenance costs and taxes on some of them big houses and what about any back taxes owed , or leans on the property and the location , meaning you gonna move maybe to an area where you can’t make enough money to support your family or take on a massive project like most of them houses are ? well good luck in / with your new mansion

Not to mention the probability of back taxes and structural integrity, each of these homes requires between 500,000 and $2 million restoration money. Also, don’t ever buy anything listed on the historical national registry or anything like that. The restrictions are extremely rigorous and caused tremendous extra expense. You are not given free range to do what you want to your own property!

You should put the addresses on these properties to see if they’re still available. I’m interested in buying them.

The purchase price is the least of your worries. In addition to the cost of renovations to make them livable, you'll then pay a fortune in taxes, not to mention the cost to maintain these homes, heating and air, it would still make you broke unless you are very wealthy.

That castle in Port Huron is absolutely amazing I want it so bad

I'm elated I discovered your KZfaq channel. I love timeless homes. Keep up the fantastic work my guy. Oh ! Now I'm intrigued about Ark 7. I've never ever heard of Art 7.

You gotta have the money for the upkeep of the property and the home.

I like seeing the inside of these old homes. I would have liked to have seen more of the inside of the houses though. You only showed a couple rooms in each. A full tour would have been nice. Anyway, if anybody noticed, the very last house started with the outside front door on the right and then at the end of the video it was on the left. Was that a magic trick or an option to choose which side you want the door on? Lol!

Average home price in the United States: $428,700 The median home sales price is $428,700 as of the first quarter of 2022. That's a 30% increase from 2020, when the median was $329,000. Median sales price of homes in the U.S. Mean sale price of homes in the U.S.4 days ago. where are you getting that? The average price of US home is $250,000. I'm curious

The Michigan Castle, I almost thought about getting it but was not able to afford it at the time. It sold for 1000 then is now back on the market.

All the mansions are gorgeous. My dad would have loved it with his 12 kids

Been watching way too many horror movies to know that ALL THESE HOUSES ARE HAUNTED!!!!!

I'd love a link to the homes you feature so I can check them out more.

Why is the thumbnail picture *never* one of the properties? I’d like to know more about the house in the thumbnail.

So even someone like me, who has less than $54 in my bank account can do this Ark thing?

When it comes to cheap houses the township can REQUIRE you to immediately forfeit a deposit of 10s or 100s of thousands until HEAVY safety repairs are complete meaning the REAL price to buy it is no where near the listing price.... and of course proterty taxes end up costing you more than home in just a few years. Illinois did this to a lot of normal houses, sold them cheap but put a high tax on them so you are basically paying RENT, REALTOR FEES, ALL UTILITY/LANDSCAPING, AND MAINTENANCE after you pay off your small mortgage for a small size house in a crappy area. Who is dumb enough to buy that and not just rent a home? Especially when it was just miles from indiana border in suburbs like park forest. Illinois would rather hoard those houses with no owners while they rot away instead of let people buy them all up and start paying lower taxes on them all asap.

Yeah..........but you gotta ask yourself WHY they are so cheap. Rotten foundations? Flooded basements? Fractured walls? Bugs? Rodents? Toxic water supply? Failing septic tank? Rezoned property lines? Back taxes owed? Some toxic company move in next door? Massive repairs needed to come up to code? Sounds like a dream, but is actually a nightmare.

Where’s the $31,999 mansion?

Beautiful houses.

These properties are abandoned because of the 'maintenance' and the 'property taxes' on them. All the cheapest properties are only such because NOBODY can afford to maintain them, which makes them worthless.

You don't show enough of pictures on the inside and property You just refurbish flip over pictures that's the same room So it makes it like there's something hiding that needs to be done that's not being said in the video.

Like the Dome house and the Louisiana the most. Have an awesome weekend & Keep Orange Crushing It!

I liked them all, they were beautiful

Wonder how many of the older historic mansions are haunted? Just curious.

Good video like the idea of the rent shares

Is that still available, there’s a “sold” sign outside? Where is it located?

hi Kyle good to hear about the history of the place you be safe out there 🙏🙏🙏🙏 you do a great job on the videos hope to see more videos nice to see All the videos but sad to see them homes like that ❤️ you guys

Beautiful Historical homes for sale fairly inexpensive. The only catch may be having to live with tenants already there and those who don’t mind that big thump in the dark . Actually you couldn’t pay me enough to spend one night in those haunted homes.

I like to see the whole property. Can you show that?

The Poland Nelson house sold last year

Since most of these homes are very old do they have to notify if its haunted or not?

Do you know any of the houses located in Las Vegas?

where is the house in Lake Charles Louisiana listed with Latter & Blum for 215,000. at 8.48 on video

U can’t remodel then or upgrade them because there cosider a historical home…

10:00 the way i understand that the West Virginia one and Wheeler has kind of sketchy town

Can you please add in the video the name of the town because I can't understand some of the names of these towns. A list would be great. Thanks.

I'll bet that first how comes with a need to completely redo the whole electrical and plumbing.

I don't know because I definitely don't want to be buying a haunted house or mansion that would be a nightmare for any investor because once you buy it it's your problem 😢

There's no noise in Illinois...

I’m actually making settlement on the one in Virginia

I don’t know, but this mansion must be haunted and I mean haunted buyers be aware want it at that price !!!😮

Are these homes for real? About, on average, how much in renovation $ is required to bring these homes 🏡 up to comfortable living standards. Good heating/AC, no leaking roofs, and other similar issues? 🤗👍♥️🏡

Sure, most can buy these properties cheap, but few can afford to maintain them or restore them

That's a amazing house 🏠 there now

This was disappointing. I want to see the inside. You showed the outside most of the time. Only a couple of rooms on the inside.

Great great video. Very enjoyable. But what's with the flipped photos?

Do you have any mansions right outside of Philly?

You had me ROFL at "eye watering Barbie Pink carpet"

Only liked the first and second one.

Is this one sold?

Decatur mansion was sold on 2/13/2023

So, about the property taxes in arrears...

Cool looking places there now

So how about mentioning the annual taxes on these places , Kyle .

How do I contact to buy?

The Logansport property Sold over 1/2 a year ago with multiple offers for OVER list price. The property is underhgoing a major resstoration (estimated at over 500K) as a wedding venue. This video is just really about trying tosell some real estate investment scam not about affordable properties,

I bet there are rodents galore in these old houses😳😳😳

It would be worth moving to the States and buying one of these beauties

I live a couple of blocks from The Castle, lol

Like so many commenting, it's not the cost of the house or mansion. It's all the repairs that need doing and the ridiculous property taxes that go to pay politicians salaries instead of maintaining the infrastructure of the town or city, and some if not most have been taken over by the banks for unpaid taxes that will need to be paid. Not to mention the exorbitant utilities costs to maintain a giant house. Again, like some have commented, I wouldn't want them even if they gave them for FREE

I think you are pretty awesome. I love your videos ! Gorgeous houses !

The taxes are probably prohibitive

While historic mansions, palaces and castles may seem like a bargain when they're on the market for less than a million, those historic properties tend to be money pits! Maintenance and likely repairs are likely to break you financially. Historic mansions and castles tend to be financial black holes. just sucking thousands of dollars plus per month to maintain and unless the place is habitable and up to code, hundreds of thousands if not millions of dollars, pounds or euros to repair! The repairs are likely to be the extremely high end as historic restrictions tend to require the use of original materials and craftsmanship (It's likely not something you'll be allowed to do the standard repairs and restorations like you would fixing up a cookie cutter tract house). Unless you already have tens of millions in the bank and or plan to use the estate as an income producing property, it's probably not sustainable in the long run. That said, if you can afford the repairs and upkeep, there's multiple rewards, not least of which is owning a piece of history and the chance to live like nobility or even royalty!!

Seaton Manor sold for $170000 in May 2023

Where is the $31 thousand dollar mansion 🤔

are there more houses like this in 2024 right now please help me !!

Most are money pits and not worth the extra amount of taxes per year.

May i have the address for the house in Concord Ohio. We are currently looking for a house. We live in Ohio. I would love to work on this unique home.

Find me something in SW Wisconsin 😊

I am a Rathbone, would love to reclaim that Ohio Rathbone home. Where and who do I contact for it ?

I’ve searched for a few of these you say is for sale. But nothing comes up on Zillow. Why don’t you post the links to the actual MLS listing for each if they’re really for sale at these prices.

There has to be something really wrong with these houses .

Anyone know if that Lake Charles mansion is still for sale?

Nice big houses but sadly can't even afford that

Does it come with ghosts or should I say friendly spirits

"Seems like the house on the thumbnail is not in the video.".

WHere is the Lake Charles Louisana one located? Address if available.

Any Mansion in southern California

Location is significant …a home could be 1 penny but if its in Indiana then I do not want it.

The older the house the better built it is especially houses built in the 1800s and 1700s today's houses are junk

It’s too bad that all those houses are in areas of the USA that aren’t desirable to live in

I wonder how Ark7 is driving rental costs. I wonder if it's making it harder for people to rent because of raising rents?

They have to be haunted, all of them.

Good luck 🤞

Does everything inside come with it?😊

What's the catch?