Buying condemned property to Brrrr.

[Jason Watts]

Ok, first if all, total newbie here that recently set myself a goal of buying my first property before the end of the year.

ok, so I i found a property that is listed as condemned in Lancaster, PA. So far I have no info on why it is condemned, but the listing says it needs lots of work. The listing price is only 30k, and there was a unit sold a few months ago across the street that seems like a very similar comp for 170k. I haven't run any numbers, but based on that info, it seems like it would be hard for it to be a bad deal.

so I guess my questions are how would I go about financing this property, being that its a condemned property? Also, how would I find out why its condemned? Also, what other questions should I i be asking and seeking answers for?

[Jimmy Bostic]

@Jason Watts I like where your heads at but this isn't something you should dive into as a newbie. If you're eager to find deals you should consider trying to find off market deals or constantly look at the MLS for new listings. I'd advise to start slower/safer. This game is a marathon, not a sprint.