hello everyone, i'm a beginning investor and i need some help/advice on putting this deal together.well anyway here is my story, just the other day i found a vacant run down boarded up house in a good neighborhood (were the other properties have beening selling kinda high and etc), this propery was listed by this real estate companyso i called the real estate company got the price of the property and setup a walk through to see just how bad it was inside, so the next day we went through the property and man i tell you this property needs alot of worknow at this point i am only interested in wholesaling the property to another investor because i think the rehab will be a little to much for me being a beginner and etc, so i told the agent to make an offer on the property, and after some negotiation the seller said as far as he'll come down on the price is $10,000so here is my problem, the agent said before we can go any farther i need to show proof of funds ((becuase no bank would give you a mortgage on a property like that, so whoever that'll purchase would need to be a cash buyer)) and open escrow with about $2,000 which i don't have any funds ((i just want to tie this property up/get it under contract so i can sale it to another investor)), plus the agent told me that the listing agent of the property is also a rehaber and said if i dont take it he'll take it, and the only reason he's giving me that opportunity is because he's already rehabing a couple of other properties right now ((which i don't know if this is a tactic to get me to get the property faster or what))but here is some info about this deal, the property was listed at $79,900 and was reduced to $65,000 about a month ago, then i got them down to $55,000, and the properties in the same neighorhood with the same specs are selling for $142,900 in good conditionso how to i go about tieing this property up especially when working with a real estate agent, oh yeah something i forgot to mention i even have friend that would be interested in buying the property off of me to rehab it, its just that he wants me to find him a hard money lender to work with......SO IF SOMEONE CAN HELP, PLEASE LET ME KNOW WHAT TO DO, ALL OF THESE PEOPLE ARE WAITING ON ME TO MAKE A MOVE

There are 2 other houses in the neighborhood that are for sale that has been on the market for about 2 months now.

With the attachment feature here on BP it will be easy to upload a report.If other people could upload anything they have received or anything they have created then we all could see what is possible.WARNING: I am mostly looking for presentation style and completeness.

I've got little to no experience with the lease option/RTO pretty houses in nice neighborhoods or the landlord business in general.

Nice quiet neighborhood [as told by realtor].

I found a home for sale in the same neighborhood I grew up in.

I still have a couple realtors looking for me, but I have decided to try direct marketing to select neighborhoods that I am targeting by sending a "we buy homes" letter.

I had originally purchased the house for $78k and at 2%, I am guessing that the rent would have to be around $1560 which nobody in their right mind would pay for that house in that neighborhood.

that fits my personality and style, not to mention I am great at self education and actually prefer it more generalized learning via college.

Hello golfboyz,I would suggest starting in your very own neighborhood, because you are familiar with the area and should have an idea on the prices of homes in your area.