Need Help in a purchasing a house to flip?
Hello,
I am new to real estate so I don't know how to go about purchasing a house without any cash. I have a friend that inherited a house after her father died. He has been deceased for over a year now. She applied for a loan to pay if off but got denied. Her father owes 38,000 to the bank and the city and county taxes are behind $988.75. She and her other sibling are at the point where they want to just let it go. The value of the house is $74,000 and . There are no major issues with the house. I would like to purchase the house but I don't have that amount of cash what should be the first step that I would need to take in order to own this house and flip it?