Buying a house for 10k?

[Giovanni Montesclaros]

I'm very interested in buying in cheap and putting in my own personal leg work and resources into rehabilitating then wholesaling it.  I'm okay with spending lots of hard time and effort on screening, processing, and rehabilitating a house.  I only have about 10k for the initial purchase of the house.

What would be a good place to start to find such a cheap property? Delinquent taxes? Tax lien? Forclosed/bank owned? 

Please share!

[Joaquin Rosario]

Hi @Giovanni Montesclaros,

If your goal is to start investing in real estate and learning a great way to start would be with a multifamily home and house hacking it. @Brandon Turner had a webinar this week on how to purchase your first multi family in which he explains FHA financing and other great stuff. This will allow you to build that muscle of actually fixing and repairing items in your own multifamily before going out an purchasing and completing a full rehab on a 10k home. I was able to start that way and then moved onto fixing and flipping and wholesaling. Just a thought.

Wish you best of luck.