Newbie needs assistance - Posted by Finley
Posted by Finley on May 13, 2000 at 23:44:38:
I found this site about two days ago and have been reading every article, guide, and success story.
Today (Saturday) I just happened to be visiting some relatives, and saw a sign in front of house stating it was for sale by owner (possible motivated seller).
Talking with my relatives revealed the following:
- The owner has purchased another home and is REALLY looking to unload this property.
- The owner is asking for $25,000.
I walked around the outside of the property; the house has several rotting boards. Peering in through a broken window, the how did not have any major problems that I could detect, old furniture and it also has a garage apartment that is leaning. I know my relatives paid near $60,000 for their home. I know another family in the area paid near $59,000.
My problem is that I am starting from scratch; I need some immediate cash flow. This deal appears, appears to be a prime flip candidate. I would like suggestions on what to look for on inspection, I plan on taking a ?handyman? with me, but in the event I can not, any ideas would be helpful.
Thank you for your time,