This is a weird one...

[Tyler Hallman]

So a total newbie here, I've done zero deals but am looking to cut my teeth in real estate and looking to make this a career move. I've found a deal, I've run the comps, it all looks great. The deal was on the MLS funny enough BECAUSE..... it tested positive for METH. Yes. So im wondering if anyone has experience buying a fix and flip property that need remediation and how much it cost. I know it can vary widely but just looking to understand others experiences. I spoke with an agent and lender and they said I'd need 25% down.. I don't have that to say the least but I'm looking at a potential 60k return assuming remediation and reno cost 40k. I based that off of $20 per square foot rule. Its in a good neighborhood and comps are 100k+ higher. Maybe one of you would want to lend? I'm unsure, totally new here and want to learn. The bank said I can't do a 203k loan as I don't plan to live there... but can I lie and say I want to live there and just do the reno and sell? Uncharted territory here.

Thanks for any help!

Tyler

Also, I am great at creating websites, running seo for site, graphic design for funnels or flyers, google ads, facebook ads, and marketing (thats my business I currently own and work in now) so if anyone would be willing to education for my value or partner up im open to that also. I don't expect everything for nothing and am willing to do what I need to help others.