AwesomeProspective Flip...But I'm Broke

[Lee Burns]

So I found a great FSBO property, SFH, 2/3 constructed. Asking price is under 600 and the comps are anywhere from 1.5 to 3+. This sounds almost too good to be true! My only problem now is...finding a way to fund this project then to sell it. I lack the funds and my credit isn't superb, but climbing back up. Any recommendations for a new REI?

[Jason D.]

You dont have enough info to know if it's a good deal. If it costs another $300k yo finish and is worth $3 million, great deal and I'll give you the money tomorrow! If it costs another $2 million to finish and is worth $1.5 million, you've just bankrupted yourself and any partner you've taken along with you.