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Hello folks, good news today.. I have found a investor in my real estate career.. Accually he found me.. My friend had rented out an apartment.. This place was in very bad shape and needed work done to make it habitable.. So I helped him get this place looking very nice, with the landlord flipping the bill, TO AN EXTENT.. I had replaced walls, ceilings, fixed some water damaged spots, amoung other things.. To make a long story short, my friends dad liked my work.. He owns a highly known Painting business in my town... Well my buddy and I have been thinking of ways to make some money, and have been throwing the Real Estate idea around, since we could have invested time into a business and made a healthy profit, for the same work we performed at the Apt..

Today, his dad said " Go find a property, I'll pay for it, you do the rest "..
Wow, I said, really.. My buddy is a good worker, but own his terms.. I'm the same way.. We have no desire to work for some-one else, because the way we get things done, we don't get the proper pay, meaning wages stink.. So, today, as of 3:00pm, we are starting to get the ball rolling on the Real Estate Career Path..

Now, with this news from today, what would be your first step... I have found a few properties.. We were thinking of getting something that is not really bad, maybe updates, like new kitchens, flooring, paint, stuff like that.. Just adding things to get buyers to jaw drop, and find away to get this Home..

I also found a home, that wont sell.. $120,000, but the paint is horrible, and kitchen is out dated, and a few other things that turn prospects away. But the range of prices for homes around the area are going for $230,000 plus.. Would that be something to concider?

What way should I attack this? We plan to spend many hours looking, but really want to get started ASAP... Should I go Foreclose route, FSBO, Realtor owned?

Just some insight,
Thanks,