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Updated over 14 years ago on . Most recent reply

User Stats

138
Posts
55
Votes
Brooks Conkle
  • Flipper/Rehabber
  • Mobile, AL
55
Votes |
138
Posts

Wholesale Advice

Brooks Conkle
  • Flipper/Rehabber
  • Mobile, AL
Posted

Looking for an analysis of the current market.

My question:

Which is more appealing to you as an investor?

A 3/1, currently rented for $650 via Sec8, needs no repairs, sale price is $33k

A 3/1, will rent for $650 via Sec8, needs $8k in work, sales price is $19.9k,

Both of these are current deals that we have.
I've got the rented house locked up and will make approximately $8k on it.
I will be able to sell the non-renovated property but will only make $4-5k on it.

Are other wholesalers seeing more interest in a property that is turn-key vs. a property that needs the grunt work? Even if theoretically they can get a better deal on the property that needs repairs?

Thanks for the insight!

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