Newbie purchasing a property as a non-disclosure

[Babe Savage]

Hello All

As a newbie in rehabbing...should I stay away from property that states "sold as is" with "no disclosures"? 

It sounds to me that something may be seriously wrong with the property and will be my problem once I purchase it. 

[Jon Holdman]

Almost all REO properties are sold without seller's disclosures. Any situation where the seller doesn't have personal knowledge of the property is probably not going to have the disclosure forms. This doesn't mean there is a serious problem. They may or may not be. This simply means you need to do your own inspections. You should do those anyway, either by knowing what you're looking for or hiring folks who do.

By the way "non-disclosure" has a complete different meaning.  That's an agreement between two parties that they are sharing confidential information and neither can disclose that information to a third party.   That term is sometimes used in real estate deals.