First rehab project

[Kari R.]

So I may have an opportunity to get a great deal on a house but it needs A LOT of work...I mean a lot, its been vacant for 20+ years. I am new to the REI industry and this would be my first flip. Anyone have any advice on taking on a major rehab for your first project? I just have a feeling it is going to be the right deal to take on, but I am worried about all the work that will be needed.

Also, how do you feel about a mentor with rehab deals? Should I try and find a mentor to work with on my first couple of deals, or just take on the project myself? Advice is much appreciated. :)

[Dawn Anastasi]

I can't even imagine a house sitting for 20 years. I've been in a house that sat for just 2 years and it needed a lot of work. Especially the plumbing!