Today is the day someone closes on my house

[Deb R.]

This wouldn't be a big deal to not get this house but it's the one we wanted to live in. My REI is delayed until we find a new place. I am considering another less desirable home and my offer would be $120/SF and it's listed at $145. Not sure if seller will take it but it's above a previous offer and the place has been listed a while. Just wondering if it's worth it because of the condition and not exactly what we want. We seem very picky to the point we may need to build. So, is it better to get this process going now or hold out for a property we desire more? Good night all.

[Theresa Harris]

No house is 100% perfect.  If you buy a house and do extensive renos, you are unlikely to get your money back on those.  

If you are getting into real estate investing, why not buy a rental property and live in that until you find your dream home?  Remember when buying a rental, it is different than buying a house for you to live in, so you will need to make some compromises.  At the same time it might be good to see if all the things that you want in a new home are really needed.