Yes, Italy does have homes that sell for just $1

As a means to revitalize the community, some homes in Italy sell for as cheap as a buck. But, as you might expect, there's a serious catch. 

The wide majority of the homes available are in serious need of repair.

Think a complete gut job. Structural improvements. Long abandoned, these homes need serious TLC, but for the right investor, they could easily turn into a nice profit – not to mention improving the overall appeal of the community.

A reporter from Business Insider took a trip over to Italy to check out some of these places. Lots and lots of pictures. And, one home even still had a washer and dryer.

Check out the Business Insider article.

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