52 Properties

[Cathey Bayless]

Anybody heard of this company?  I forget how I found them - I've been on so many real estate websites - but they email you potential deals once a week.  I'm a newbie; I don't know nothing from nothing.  They sent me a suburban Cleveland single-family home that presently has a tenant paying $1,000/mo.  It's selling for $77,000.  If I pay $1,000 earnest money, I get 30 days to do my due diligence.  The thing is:  I have only $8,000.  I am moneyless.  Is there any way to scare up the money I need in 30 days?  The pro forma they provided said I'd make $654/mo net income.  But, of course, I'd do my own research/calculations.  I'd get an inspector in to see if any repairs would have to be done, though the property is recently remodeled.  Any and all feedback is welcome.