An Opportunity Just Fell into My Lap! What Now?

[Alethia Hines]

Hi, I'm new to real estate investing and live in Lebanon Pa. One of the pastors in my church approached me with a FSBO situation this past Sunday. He wants to sell his 4/1 residence in town to buy a bigger home to move his elderly mother-in-law in with them. He also wants to sell an adjacent 2-story rental unit (Duplex) tenant occupied with 2.5/1 upstairs and 1/1 downstairs. I would love to get this under contract but need help with analyzing the deal. I don't know whether to wholesale it or fix/flip. I have not done any deals as yet so this would be my first. Any suggestions as to what to do next? He's open to cash offers.

[Tanner Pile]

You should purchase it yourself! This could be a great opportunity to own a cash flowing duplex and give you the experience in remodeling a property. Use the bigger pockets calculators, they help big time! It may be tricky finding a way to get funds for a down payment but this is where you get creative to get your first deal going. If wholesaling is the route your looking for I would connect with other investors and see what they think of the deal.  You got this Alethia!