Technically I’m Broke…

[Davaris Bennett]

I’m looking at a property that is $36,000 the owner agreed to do owner finance with $4000 down and in existing mortgage of 500 a month. The property is close to a college and has many things that are attractive around it however it is going to take about $10,000 to fix it up. 4k is all I have left in savings at the moment also 😅. My intention is to do a sort of soft rehab and get a renter in for about $1000 a month. Has anyone ever done something like this and is this a bad idea?