Updated over 9 years ago on . Most recent reply
Advice on flip and hold
My senior neighbor wants to sell her home AS IS. (No mortgage). She is no longer living. Her daughter put her in assisted living. I told her I wanted to purchase it from her. This will be my first investment property. She said she would sell for 80,000. The house is about 62 years old. It is a single family brick home. What would be my first step? Shouid I get someone to Appraise it first before I say okay to 80,000? The house needs work. She moved in the home in 1964 and just moved out 2 months ago. I would like to get the home and either rehab to sell or rehab and rent. Do you think a private lender will help me in financing? I just want to know what I need to do first.