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Updated almost 8 years ago on . Most recent reply
Should i wholesale or flip this myself. St.Pete Tampa florida
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