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Updated over 9 years ago on . Most recent reply

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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
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Wholesale for 10k or flip for 30k?

Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Posted

Home is a 3/2 in an A class neighborhood. Split level with no garage. ARV is 117k. Repairs are 30-35k. Needs new carpet, kitchen updated, and roof. do I take the added time or quick buck?

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Brent Coombs
  • Investor
  • Cleveland, OH
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Brent Coombs
  • Investor
  • Cleveland, OH
Replied

@Ryan Dossey Or a third option:- take Title and rehab to HOLD! Your retirement income may well rely on the "slow dimes" you choose to ACCUMULATE.

Or are those sort of deals in your area a "dime a dozen"? Because once you sell, you have to keep repeating the process ad nauseam - then when you do retire, will you have kept enough?

Whichever option you choose, looks like you're on a winner. Congrats...

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