New Mexico Foreclosure. Flip or Wholesale?

[Joseph Langford]

Hello, I'm currently a BYU student in Utah, but I grew up in Los Alamos, New Mexico. I have been drinking in everything that I can on Real Estate investing for several months, and I can't wait to get started. I know of a potential deal in Los Alamos, where a home is being foreclosed on in a very desirable area. All of the other homes on the street sell for over 400k, and the house is on one of the best lots on the street, with an excellent yard. The home would need about 30-50k in rehab, a new kitchen, garage door, and maybe new windows, but the home itself is in good condition. I know that it would be prime for flipping, but I don't know if it's a wise idea to try and flip a property when one, I'm still a poor college kid and can't afford to make the payments while work is being done and two, I'm a ten hour drive away from the property. I'm interested in wholesaling it, but I don't know how to secure the contract without funding first and then turn around and get it to an investor. Any thoughts or help would be greatly appreciated!!!