I agree with @Bob Ebaugh and @Tammy Vitale - $1k over asking is not that much, depending on how the property was priced.

She's very cash flow rich if she can learn to control her spending habits every month, as her and her husband are both well-paid professionals in our area.

I think its because some people are not aware of the creative ways to purchase a deal and re hab it themselves without having much money tied up , With Wholesaling you do not have to tie up funds and if you do not have funds you can still flip houses.

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You will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling.We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.

There is a ton of knowledge on BP so use it to your advantage and make it a habit to spend some time every day here learning.

Other than removing all the sheet rock and flooring, is there another way to make the place habitable?

I did think about going the traditional financing route, but doesn't the house have to be in habitable condition before they will lend you money?

Joe points out correctly that it's vital know the risk of the flip.

They are about 3 times our size.Tenant screening is vital.