First House

[Sambaran Mukherjee]

Hi I am very new to this. I am currently renting. I saw this amazing deal over the internet near where I live now, its a huge house around 3900 sq feet that is foreclosed under 300K. I plan to go for it and live there for about a year and then may be rent it out. But my realtor just told me that the utilities are very high, it is also a little bit old 2003. Any advice ? I def want to make some money of this deal and also want to get out of renting. BTW the house is very nice but will need some reno to make it look pretty.