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Updated almost 4 years ago,

User Stats

43
Posts
20
Votes
Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
20
Votes |
43
Posts

Wholesale or buy and sell?

Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
Posted

I am a licensed real estate agent as well as a seasoned real estate investor for the past 20 years and own 60+ units. Today I was approached by a distressed seller that wanted to know if we would be interested in buying their property to flip. His asking price was $15k and I honestly think I could get him down to $10k! Unfortunately I do not love the area for a flip or rental but think it could easily sell on the open market for $20-30k as is. So my question is... should I try to wholesale this property or buy and then list as is? I’ve never wholesaled because it honestly feels super slimy but in this case it would save a lot of fees, transfer taxes, etc.

I’m open to honest feedback and suggestions. 

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