Flip or Wholesale?

[Mary Eubanks]

We purchased a 1600 sq ft property, $50K below appraised value, off the MLS. We were going to flip it, but quotes are coming in higher than expected, still should make a 14% ROI. However, if we were to throw it back on the market, we could easily make a 16.5% ROI. Am I missing something, or would it not make more sense to go with the path of least resistance and greater ROI by wholesaling? Thanks for your insight!

[Mary Eubanks]

Quote from @Account Closed:

Quote from @Mary Eubanks:

We purchased a 1600 sq ft property, $50K below appraised value, off the MLS. We were going to flip it, but quotes are coming in higher than expected, still should make a 14% ROI. However, if we were to throw it back on the market, we could easily make a 16.5% ROI. Am I missing something, or would it not make more sense to go with the path of least resistance and greater ROI by wholesaling? Thanks for your insight!

Are you including cost of sale (RE agent fees, closing, etc) and time value of money (what you could be doing with your time otherwise) and market volitility?

Yes sir, I am factoring all of that in on both scenarios. Very good point. Thanks so much for your expertise!