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Updated over 2 years ago,
Found a Great Deal - How do I make money?
Hi all,
I am a newbie investor but I don't yet have the capital or experience to feel complete confidence to pull the trigger on a deal - nor the resources to acquire financing, manage a rehab, etc.
My dilemma: I think I found a pretty good deal, if my numbers aren't completely out of the left field (currently doing more in-depth estimates and analyzing), I definitely have something good on my hands. However, how can I position myself where I can profit off getting this deal under contract, or at least get some experience or money out of this deal? Of course, there are a lot of moving parts, but if I could get it under the right price, is my only option to "wholesale" it and make money off an assignment fee, or is there a way I can do that while also getting my feet wet with understanding the ins and outs of a property from rehabbing to getting a tenant in place.
Thank you for any advice you can give me!!