Potential Deal

[Kevin Rodriues]

Hello Everyone,

  I am a 23 year old newbie RE investor/wholesaler from Massachusetts looking for some advice on a potential first deal that I am trying to make. 

  I live near a property that is in distressed condition so I decided to send a postcard to the owner (who lives in Florida) and she just called me back regarding the property. She said she owes the bank 100,000-120,000 and has received several letters from the bank stating they are going to foreclose the property. I looked up foreclosures at the banks website and I did not see the property listed. She said she will contact the bank and see what is going on and will get back to me.

   Any advice on how I can make this deal happen? Should I wholesale, buy and flip, or buy and hold? Keep in mind I have little cash and bad credit due to personal circumstances.

   Thanks in advance!