100,000 (rehab) in 300,000 + area - PLEASE HELP! - Posted by JOSH
Posted by JOSH on July 09, 2002 at 16:09:16:
I am brand new!! I just know a little to be dangerous. I wasn’t going to get started until about 6 months from now becuase of my knowledge. BUT, I am going to look at a house this weekend that the seller has put a price of 110,000 on. Other houses that have been rehabbed in the area have sold for 300,000 + .
I have no money or credit. Can I put this on a 90 day contract and then look for find an investor to rehab? Should I even try? I don’t have much knowledge.
If I can have a 90 day contract, what should I structure and then how can I get a buyer?
Please help, I may or may not due this, I just know there are many well qualified people in this forum, and I love it.
Please help, would like to make a decision to go ahead. Of course it is all going to depend on if the seller is willing to do it on contract.