New Investor Assistance is appreciated

[Hatem Mahgoub]

I am a new investor. I am fishing around for my first property. I am trying to Follow the BRRRR model. I found a property saying:

This house is ready and waiting for a full remodel. Investor special. This house has a ton of possibility. Buy it to remodel or tear down and build on this double lot in downtown Belleville. It is located across the street from the new library. The furnace stopped working which caused the pipes to burst. Home will need furnace and new plumbing. Sale will be "as is" with most items left in house (buyer will remove a few sentimental items). Seller will not provide certificate of occupancy which can be obtained after closing before anyone moves in. No utilities are on at the home.

Would this be a good start or this is a big of a project.?

How can i estimate the PRV?

Thank you

Hatem Mahgoub

[Randy Gutierrez]

It clearly states in the description that the house is in need of a full remodel to the point where tearing it down was mentioned as a possibility. CLEARLY this house needs a ton of work and I haven't even seen pictures, not to mention those statements are coming from the seller's side. 

Hatem, only you are able to determine how much risk you are willing to take, maybe you have a great paying career job and a lot of capital in reserves which will help mitigate some of the risk, but my advice is to start with something simpler especially if you are a new investor.