Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

102
Posts
8
Votes
Dan Green
  • Real Estate Agent
  • Jacksonville, FL
8
Votes |
102
Posts

Should i wholesale or flip this myself. St.Pete Tampa florida

Dan Green
  • Real Estate Agent
  • Jacksonville, FL
Posted

What's going on BP Family. I need some advice on a decision i need to make very quickly.  Have a deal under contract  here in st petersburg florida and i need to decide if i should wholesale it or keep it for myself. Ive got a couple offers on it already but they are a few thousand dollars shy of what my seller is asking and he is not budging on the price. On the other hand it would be a great flip for me because a 40k profit sounds damn good lol i would just need direction on getting financing as this would be my first flip.  Ive included my numbers below  Any experienced investors in st.pete or tampa  i would love your input. 

1126 22nd Ave N, St. Pete, Fl

3/2 1410 Sqft

Asking 185k

Rehab 50k

Arv 310k

6% closing cost $18,600

Cost of hard money at 10% 2 points $12,717.69 16 weeks from rehab to close

Profit $43,682

Loading replies...