$15K house down the street from me

[Delondra Robinson]

There is a house down the street from me that is listed for $15,000. It needs some work and over the summer I've seen people working on it. What would a pro investor do? Would they just buy it, fix it, then sell it? Or would they do the buy and hold thing?

[Larry Turowski]

@Delondra Robinson A pro investor would have a lot more information before making a decision.  What repairs does it need?  What is the cost of repairs? What would the holding costs be? How long will it take?  What would the after repair value be?  What would the likely sales price be?  What would the rental amount be?  How would you be buying it, cash or private/hard money?  Would you be able to get a mortgage on it?

And so on.