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Updated about 9 years ago,
Selling before rehab\free and clear\flipping houses
I recently received a property from my father, in agreement that I can have the property, all that is needed is for me to pay the back taxes (which is around 1-3k). The only downside is that the house is just a shell, it has been gutted due to fire that happened years ago. I'm in a situation where I really need my own place to live, I'm tired of living at home, I just turned 26 and its time to go. I don't have the money saved up, or the proper credit to pay for the house like I originally planned before committing, and now I'm second guessing keeping it. What would you think could be a solution in way that I can truly profit and be placed in a win win situation? Should I just quick sell to a flipper ? Or would I lose out? Oh I forgot to mention it's a huge 2 story barn in the back but is technically a different lot as far as paperwork. And the project needs to start asap or the county will demolish it, if no progression is seen by Spring. I'm truly stressed about this and don't really have enough experienced knowledge to know how to handle the situation. Thanks for you guys help in advance!