I found a great foreclosure near my school. Its going for 78,000 and has been through an auction already and did not sell. The FMV is 148,000 its a nice 4 bed 2 bath family home in a great neighborhood. I dont have much money but would like to find out what you guys think I should do.
Could I get a loan from a bank. I make about $520 a month from my Grad Assistanship and I live on campus for free. I would like to buy this place clean/fix it up and try and sell it for my first deal.
Is there anyway to get financing now and especially in my case??
Should I just try and work with the bank about getting a buyer and trying to do an assignment??
Thanks for the help everyone.