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Updated almost 10 years ago on . Most recent reply

Getting a rental property for free but possibly needing big work
So over the years i have been pondering real estate( at first because my grandad owned 15 houses) so this past year i have dove deep into learning what i can... the other day i asked my grandma if i could possibly take a rent house off their hands (grandad had a stroke). So she actually considered it but was saying the house needed a lot of work possibly up to 10 grand.. the house is worth about 60 thousand but im very young (18) and super eager to get into my first property, am i setting myself up for failure or possibly success?