Do not forget to look for HUD homes. hudhomestore.com. I know of 2 homes in Hanover that would be perfect for flipping. They need work!!! But priced to sell. I can send you the listings if you like.
One is a bi level home listed 105,000 needs lots of work. repaired value>>about 189,000.
However no way would I pay the full $105,000 for the home. Maybe 75,000
The other that comes to mind needs someone to hook it up to public sewage and do some painting and cleaning . Listed cheap.
There are PLENTY of these around York county. Let me know if you want me to send a list of them right to you.So you can review.... more
It may be best to ask your lender. It really depends on your loans program and what the terms are. Without knowing what type of loan you are using it is too hard to answer your question. Let us know.... more
Paige-That is the usual way to handle the good faith payment. If you would want to be sure to have a 'paper trail' , have the seller show the money deposited and ask them to give a copy of the statement to the title company or attorney that is handling your settlement.... more