Possible First Deal, Now What?
I have recently found out my uncle is selling his house due to previous divorce. He has just told my mother he wants 30K cash for the house(family only). The house was purchased 10+ years ago for 40K, estimated FMV since remodeling is around 60K. What would be the best way to purchase this property w/o banks(I have poor credit)? I was thinking of using a buyer option, so I can "flip",he wil not finance. I'm just seeing how you pros would approach this.
Thank you for any input you may have...
Jeff
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Are you trying to do a "flip" because you don't have the money? If you had the money what would you want to do with the house?
Flipping this property would allow me to get my credit back in order, so that I can purchase other properties. See, I only have 5K in cash, and so far it cannot get my credit restored enough to matter nor really purchase any other properties. Thank you for your reply.
Jeff