A homeless Detroit man bought an abandoned house for $1,500 and spent 10 years renovating it for his wife. Here's how he did it — and what it looks like now.
Michael Gray
- In 2009, Michael Gray, a native Detroiter, bought an abandoned home from his nephew for just $1,500. He moved in as soon as he bought it.
- Before purchasing the home, Gray told Business Insider that he was homeless and living in his niece's basement.
- In 2010, he began a nearly 10-year renovation process and transformed the home room by room.
- In an interview with Business Insider, Gray explained how he turned the home into a livable space for both him and his wife.
- His home is now in a housing market that is booming, according to local reports.
- Visit Business Insider's homepage for more stories.
Michael Gray is a native Detroiter.
At 67 years old, he spends his weekdays working as a machinist in Bowling Green, Ohio, and his weekends at his home in Detroit with his wife, Cynthia.
The story of their four-bedroom home dates back to November 2009, when Gray bought it from his nephew for just $1,500.
Before purchasing the home, Gray was living in his niece's basement. He told Business Insider he was homeless and that despite having a college degree, he was unable to find work in Detroit.
Gray told Business Insider that after getting hit by a car in 2008, he used some of the settlement money to buy the property. He moved in the day he bought it with nothing but an air mattress to sleep on. At the time, the home was in bad shape. According to Gray, it was infested with mites, spiders, and mice — not even the toilet worked.
Now, nearly a decade later, Gray is still living there during the coronavirus pandemic and the home is unrecognizable. The market it sits in is booming during the COVID era, too. According to WXYZ Detroit, real estate listings in the city are currently seeing multiple offers and home showings in the area are up.
Keep reading for a look at Gray's home transformation below. He compiled photos in two hard-copy albums, which he mailed to Business Insider. In a phone interview, he explained the work that went into renovating the home.
Detroit was once home to the booming auto industry. In the 1950s, the auto industry started declining, and companies started moving out of the city. By the 1960s, people were leaving Detroit in droves.
In 2013, the city filed for Chapter 9 bankruptcy protection. Now, more than five years later, more and more people are investing in the city.
Just consider the entrepreneur Dan Gilbert, the billionaire founder of Quicken Loans. As Business Insider previously reported, after Gilbert moved his company to downtown Detroit in 2010, he started the real-estate firm Bedrock. Not only is Quicken Loans now one of Detroit's largest employers and taxpayers, but as of 2018, Bedrock had also invested or allocated $5.6 billion in roughly 100 properties in downtown Detroit and nearby neighborhoods.
Now, Detroit's housing market is booming
Gray documented the entire renovation process in two large photo albums, which he mailed to Business Insider.Michael Gray
Michael Gray
Michael Gray
The company acquires properties from a variety of different sources. When properties don't fit into the company's business model, they are sold to independent purchasers, which is how Gray came across the house.
The house was in a state of total disrepair when he bought it. Photos show that paint was peeling off the walls, wires were hanging loose, and the bathroom appliances were covered in rust.Michael Gray
Michael Gray
"In Detroit, if you're not there, or you don't have someone there, someone will come in and take your stuff. It's gone in a matter of 15 minutes, gone," he explained to Business Insider.
When he moved in, the house was infested with mites, spiders, and mice.Michael Gray
Michael Gray
Michael Gray
Michal Gray
Michael Gray
Michael Gray
Gray graduated from Spring Arbor University in 1986. He double-majored in English and psychology. While he was living in his niece's basement, he told Business Insider that he worked as a day laborer.
"I also began to craft my rehab skills working as a laborer for guys who were fixing up homes to rent," he said.
But in 2008, his life changed. While riding his bike, he was hit by a car. Using money from the settlement he received from the accident, Gray was able to purchase the abandoned property.Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
"I was on a project in Monroe, Michigan," he told Business Insider. "When I was part of that renovation team, I watched the guys, I asked questions, and I said, 'I can do this.'"
But for the projects he couldn't do himself, his friends helped out.Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
Michael Gray
This article is part of Business Insider's ongoing series, How I Renovated It, where we talk to homeowners around the country about the process, budget, and transformation that goes into a renovation. If you have a story you'd like to share, get in touch with lbrandt@businessinsider.com.
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