Searching for Deals on Halloween 2022

[Guillermo Vladimir Robles]

I found a deal listed for $350k house zoned as a LAR2 in decent shape with an estimated ARV of $524k I don't think there is enough room for profit for a wholesale opportunity because it's priced at only 67% ARV and I want to be cautious and use the 70% rule. I think it might make for a good rental and have no money. I was wondering if a private money lender would fund the purchase and possible building of the additional unit. I am also wondering what to say to a potential private money lender, being someone who has never done a real estate deal. I am also wondering wether to talk to the seller first or secure financing first.

Any advice would be welcomed. Thanks.

Happy Halloween!