Second opinion on a possible wholesale or brrrr
This property Just came on the market. Asking price is 90,000. Four bedrooms two bathrooms with a pool and needs a total rehab. Do you judge a total rehab by cosmetic needs or in this case leaking pipes total re-wiring and current the condition of the pool in addition to needing flooring cabinets, etc. The ARV is pretty good the potential rent is also pretty good. I would hate to wholesale this property and lose out on a potential for a brrrr. I know this property probably won't last long even in this condition but I am very new to this and I have not completed a deal yet and would hate to lose my shirt on my first deal. My estimate on the repairs is $56k. Any advice.