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Updated over 8 years ago,
Help with a potential deal
Hey everyone. So today I stumbled upon my first potential deal. It is a single family home and I feel as if it has potential as a flip. It is an unlisted property that the owner is looking to get out. It needs some work but nothing serious. My question is what would you recommend for a first timer just go all in and try and get financing for the flip or just wholesale it to get practice and make some money now. I believe it would take about 25k to fix it up I think it will be worth about 350k when rehabbed and could be purchased for around 270k What do you guys think?