First time investor and “As-Is, Where-Is” home; good idea?

[Kevin Wilson]

I’m still looking for my first property and the ones I keep coming across that seem to make sense at face value all seem to be buy “as-is” or “buyer responsible for xyz” type homes. Is something I should consider but not deter me or should I steer clear of these types of properties completely?

[Anthony Gayden]

Originally posted by @Kevin Wilson:

I’m still looking for my first property and the ones I keep coming across that seem to make sense at face value all seem to be buy “as-is” or “buyer responsible for xyz” type homes. Is something I should consider but not deter me or should I steer clear of these types of properties completely?

All that means is the seller won't do repairs. That does not mean that the seller won't give you credits or discounts, or that the seller won't negotiate. Some of these homes can be good deals, especially if you want to do the work.