Updated over 6 years ago on . Most recent reply
Investment opportunity/ Flip
I've got my eyes on a potential investment property but am unsure of whether to proceed. The property was built in 1910, and has at some point since then been vacant. It's located in a smaller community in West Virginia, with prices on surrounding properties ranging from $150k-$250k. This property is FSBO for a whopping $15k, which sounds too good to be true. The owner says access to the house is blocked by a creek, which would need to be remedied by installing culverts or suing a neighbor for easement. Owner financing is a possibility, with at least $4k down. I am unsure of the rehab costs for a property like this as well. Any advice on how to proceed?