General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago,
seeking advice for possible subto deal
I am currently working on trying to wholesale my first deal. I am shoppping the property to potential buyers. If this falls through, I am thinking of just taking over the mortgage myself in a subto deal. The issue is the property needs a good bit of work and I dont have the capital to do the repairs, like a roof replacement. Would it be smart to take over the property,do all the minor repairs myself to make it liveable for a tenant and get the ball rolling on rent and save up capex to do bigger repairs later?
Thanks in advance!