Found an REO, what's my next step to get investing?

[John Ratigan]

Hi,

I found a great property and as far as I can tell, it's about 100,000 below market value. Now, it needs a ton of work. But, I think it's a pretty safe bet that it would be profitable. I am a complete novice to securing financing of any kind. I am not a seasoned REI.

I am wondering, what is my next play? I have found the deal, the comps indicate it would be a very solid buy both either from flipping or buy and renting. Not sure what you guys think?

Thanks!!! 

[Brent Coombs]

@John Ratigan, step 1: learn how to secure financing.

Step 2: Secure financing.

Step 3: Put in a "safe bet" Offer.

Step 4: Move on to other potential deals in quick succession.

Step 5: Repeat step 4 ad infinitum (while waiting for "In Box" replies)...