Is This A Good Deal

[R Bodden]

I am a first time buyer looking to purchase my 1st property. Luckily I found a great realtor who does multi family investments and owns a lot of properties in the town I am looking in. Here is the situation. We started looking at some properties together and none of them worked for me. She finally got a call from her brokers and he was taking ownership of 2 family in a good area. We did a drive by and it look like the 2 family property needs work and the broker is taking ownership today.

At first the broker who owns the property said he would do the renovation and sell me the property completed for about 120-130K. The other option would be to sell me the property as is probably for like 50 or 60K. I would then get a 203k and do the work myself.

Today my realtor gave me more options. She said the the can also give the property to her and she flips it then sells it to me maybe at 120 or cheaper pending the amount of work it needs. ... My realtor said that she has good contractors and could do the job slightly cheaper than if I would not having these connections yet. And that my interest rate would be better buying the house flipped than buying it with a 203K. I know everybody needs to make money. But is there something wrong with this?

What should I do? Should I tackle this myself or just buy it flipped. She also told me I can be there and watch the process. I would then learn how the moves are made. Not sure..please help me.

Shay