Advice on flip and hold

[Rosalyn Lassiter]

My senior neighbor wants to sell her home AS IS. (No mortgage). She is no longer living. Her daughter put her in assisted living. I told her I wanted to purchase it from her. This will be my first investment property. She said she would sell for 80,000. The house is about 62 years old. It is a single family brick home. What would be my first step?  Shouid I get someone to Appraise it first before I say okay to 80,000? The house needs work. She moved in the home in 1964 and just moved out 2 months ago. I would like to get the home and either rehab to sell or rehab and rent. Do you think a private lender will help me in financing? I just want to know what I need to do first.