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Updated almost 3 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Cole Minnis
1
Votes |
7
Posts

Wholesaling California with tenant

Cole Minnis
Posted

Came across a property in San Lorenzo California. This house is a 3/1 1000sqft comps are 850k. Any juice in the squeeze? I’ve never wholesaled before and the seller is super cool and even mentioned I should try to wholesale it. Curious what any experienced wholesaler would do in this situation. I could use this as a learning experience or is there another way to skin this cat. Seller wants 700k. Interested to hear back from you guys. Thanks!

Most Popular Reply

User Stats

2,138
Posts
1,100
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Joe Homs
  • Flipper
  • Mission Viejo, CA
1,100
Votes |
2,138
Posts
Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

@Cole Minnis if all your numbers are correct there should be plenty of room to Fix and Flip this property.  If you just want some quick cash $5-10K then wholesale it to a flipper in your area.  Get it under contract ASAP before he changes his mind.

Good Investing...

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