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Updated almost 8 years ago on . Most recent reply

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Phil Beck
  • Davenport, IA
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A nice location for a foreclosed home

Phil Beck
  • Davenport, IA
Posted

I saw on Bigger Pockets a house in my town for 19,000 foreclosed. It needs work but the area and the house have potential. Next to the house is a abandoned run down house then across is an empty lot. Practically with woods behind the house. I couldn't get financing for the residential/commercial property since I couldn't put a down payment. This one I could possibly put a down payment on just need to strategise how. Just spent a large amount of money to bring my family to the USA. I'm new to investing into real estate. It seems there are a lot of foreclosed homes here. This one is close to where I work. Since I don't have a car this will work. I heard about an investor in the podcast buying a crack house. I think his house would be about this price or more. I think this will be a good practice for me to learn how to fix homes. I like to learn and strategize and problem solve. I'm working on ideas of how to spice up the property just need to see what people want in a home to see what works and what doesn't. For house flipping, what do people look for in homes? 

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