Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

5
Posts
9
Votes
Walter Kimbrough
  • Lincoln, NE
9
Votes |
5
Posts

House fell in my lap.

Walter Kimbrough
  • Lincoln, NE
Posted

Hello All,

So I'm new to the real estate world and I'm trying to get my feet wet. I was talking with my father and low and behold he has a house that is just sitting there and he owes back taxes on as well.

The thing about this house is that it will need a new foundation like a whole new foundation from footings on up. 

So my question is would you sit on the house and put in the needed work or would you sale as is?

Some background on the property: It does have the potential to be a 2 bed 1 bath property. Zillow has it estimated around 90k.

Any help on this would be great. 

My goals: I would love to have a few properties and be able to wholesale as well. Not sure if I want to get into flipping as of yet.

Thanks,
Walter

Loading replies...