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Updated over 6 years ago on . Most recent reply

User Stats

152
Posts
126
Votes
Peter Fennig
  • Investor
  • Fort Wayne, IN
126
Votes |
152
Posts

Wholesaling or flipping advice

Peter Fennig
  • Investor
  • Fort Wayne, IN
Posted

hey BP,

So I've got a house that I've looked at and now running the numbers on that I'd like to be my first flip. So far after pulling comps the numbers look very promising if I can purchase it for the 25-30k price range, another 25k in rehab, and the arv  is between 85-90k. I'm not sure though... Or confident enough that after getting it under contract I'd be able to get financing for the deal seeng that I don't have the purchasing rehab funds upfront out of my own money. That said I was wondering what experienced wholesalers  do  or would do to dot all their i's and cross all their t's on the property to ensure there aren't a bunch of liens or other issues that would disrupt a smooth closing before calling a title company and spending hundreds of dollars for them to do the same thing?

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