Real Estate for $1.00 in Sacramento, CA?

Yes, "Dollar Homes" are available is the answer.

But no, you can't buy them as an investor.

However, before you go hang your head and feel like the world is against you and you will never make it as an investor, it's worth visiting the HUD website. They frequently have sales of houses that have been foreclosed. Preference is given to owner-occupied homes but investors are allowed to bid as well and especially if the homes do not sell to owner-occupied buyers.

Listings are updated frequently and you can see them all at the HUD website. All properties also include a "Property Condition Report."

Also through HUD's Good Neighbor Next Door Programs you may be eligible to buy a home at a discount of 50% off list price.

Go to the website. It's worth a look!