to buy or not to buy? This is my first deal....help!!

[Mubasher Riaz]

hi guys

this house is listed for $8000, and I only had a chance to take the outside pics because i have an appointment with the realtor tomorrow so ill take the inside pics soon.

Brief description of this house, the realtor told me dead honest over the phone that the roof leaks, the basement leaks, the house is in a terrible condition, you will have to pretty much tear it down, old and mold and has no clue about rehab cost.

The houses around that area are selling for $50,000 and more. What should i do? Is this a good investment? I dont even know how much repairs are going to cost? Will I be able to wholesale it? Please advise...