house hunting website

[Dana Vijum]

I'm going to be looking at my first REO tomorrow and the realtor advised me that this is a "cash only price". As this will be my first potential investment, is this normal? The house does not appear to be in bad shape according to the pictures but the realtor stated that most REO's with a decent price are trashed and mortgage companies won't lend on them.

After seeing the house, if I want to proceed, should I be looking at a hard money lender, then refinance after repairs?