I took on the challenge and repaired them both myself.Many people have told me that real estate isn’t worth the hassle, especially when starting out.

I'm facing the same challenge right now on a property in Anchorage.

Once it's filed it will be very challenging to find a lender that will do it.

Challenges?

I’m curious to hear from other investors who have ventured into flooded properties such as what challenges did you face, particularly with insurance and permitting?

@Drew GiltnerHey Drew, I saw your post and can definitely relate to the challenge many new investors have with analysis paralysis and getting started. 

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

Challenges?

Challenges?

Challenges?