The current condition isn't bad, just a little outdated.

However, when things go bad and you need to enforce it, then it is a contract because that sounds more intimidating.

I actually have saved some investors from making bad decisions on certain areas I know would be a problem and by doing that I gained their trust so they go through me because they know I will deliver on my service.

This is a bad deal

Is this a bad idea?

When you're beginning, even if it is a bad lead, I recommend talking to as many people as you can.

So, if you have buyers lined, and this fits their criteria, move ahead.As a rental, its a bad deal even at $75K.Here's the breakdownRent $800Expenses 40% of rent (Mike would use 50%)Expenses $320NOI $480Desired profit $100Left for payment $380Max price $57,117 (7%, 30 years)But, if you're wholesaling, it all depends on what your buyers want.

Which promises to be high, so owning real assets, at the right price, isn't a bad idea.

i told my parents about my idea of going into real estate and both adviced me against it. they keep telling me market is bad and a lot of real estate agents are having a hard time, is that true?

At $50K, its a very bad deal.