I bought a rundown house for 4k. What are my options?

[Tanner Byers]

I bought a house for 4k that needs to be completely renovated. The comps for the year, size and neighborhood is around 25k and I've gotten a couple quotes for the repairs which would be around 15k. What are my options? I've got either renovating and selling/renting, making no repairs and selling it as-is, or leasing and having the tenants make repairs and then own the property. I think I got a good deal but I dont see any houses near mine selling. Any tips on what I should do??

[Clint Shelley]

I agree with @Jay Hinrichs. Clean up the debris, mow the lawn. Take before and after photos for you"deal diary" and sell for what you can. Don't spend a dime on polish trying to put shine on a penny.

Clint