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I bought a duplex in Cleveland for $500 once. (not $500 down, $500 was the contract price). I immediately wholesaled it to another investor for $1,000. The property had a lot of violations and I didn't want to mess with it.

I know there is a lot of activity in North Dakota, I work in the appraisal industry and the appraisers in that area can't keep up with the demand. I really don't know if ANY company can guarantee you anything, especially 35% ROI. What happens once the oil is gone? That area of the country...

I live in Ohio in the Akron/Canton/Cleveland area and the prices are similar to Detroit. As with Detroit, some of the cheaper properties are in less desirable areas but you can get properties in decent areas for under $50,000 USD.

sorry to hear that There are a lot of crooks in the real estate industry, I've been in this industry for 15 years and I've seen plenty of bad people make a load of money. It's just the type of industry that lends itself to thieves due to the huge numbers involved. It's all greed. Scenarios...