Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Wholesale or purchase?
I recently got into real estate investing here in Kansas City and bought a foreclosure and am house hacking it now with two roommates while fixing it up. I've been here 6 months and my neighbor, a block away, just told me he wants to sell his house. He has lived in it since 1977 and needs some work and he isn't listing with an agent. His mom is sick on the East coast so he is moving In April.
I've got 30k cash but was using it for fixing up my current house. He is wanting to sell his for 120 and will need 20-30k in updates. Houses in our neighborhood are usually $160 or more.
It seems like a great deal but should I wholesale since I don't have the capital, partner, or use hard money lender?
This is my first post on BP but I have listened to every podcast and am ready to 10X my real estate investing! Any advice is greatly appreciated.