Advice needed ASAP! House JUST listed and I want it!

[Rebecca Bryant]

Sooooo, I am looking at a house that is listed at 36k, surrounding houses 100k+, last sold for 130k+ about 10 yeas ago and clearly needs lots of work! Still able to live in it. I do NOT have the money to just buy it in cash and then flip right away. Should I just buy it with a mortgage and then live in it for a couple of years while I fix it and then sell it? My credit is also not the bet so that might hold me back. Should I try to get a private money loan and then flip it. I've got guys who will help me fix it up. Professionals, not just buddies that I have lol. This property has only been listed on the site I found it on for 5 days, I called the agent about it yesterday and tried again today. I hope to hear back on Monday. I have never purchased a home, I am nervous and don't want to ruin this. Feel free to post and reply or send me a direct message. Help!!!!! 😳 Rebecca Bryant

[Jay Hinrichs]

@Katie Neason  for all those reasons I never subscribed to the idea that you can do real estate with no money and that if you have good deals the money will find you.

problem is unless your finding totally off market deals .. you never get a deal without money up front.

and in Texas you have those options periods for 100 whopping bucks that let you do the due diligence whilst your under contract.. you only risk 100 dollars.. pretty funny really.. but that's the custom there.. glad you got orginaized and its working now.