I really need some financial advice?

I already own a home but am looking into buying another just for the property. It’s very cheap but needs lot of repairs and would just tear it down. I am also in quite a bit of credit card debt. Is there anyway to get a second mortgage and wrap up my debt in the equity of that property?
When the time is right I plan on selling my current home and building on this property. I just would like to snatch it up cuz it’s about 60% cheaper than any other property in my area.

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