First potential deal as a wholesaler, or Not

[Seunda Traylor]

I came across a property that is FSBO. It is 2 bed, 2 bath, 1452 sqft, condo in a multifamily building built in 1983. It is listed for sale at $225k, and has $384 monthly HOA fee. Zillow and Redfin estimate is $233.7k Owner states new Hvac and windows have been recently installed. While it appears it is move-in ready, it still needs some updates in the inside (kitchen - stove, fridge, dishwasher, cabinets) also light fixtures throughout need updating.

Is this even potentially a small deal worth pursuing? Or if I can obtain financing, would this be a good buy and hold for a rental investment opportunity? 
 

[Jerryll Noorden]

Hey my man.

It doesn't work that way.

You can't show a property and ask if it is a wholesale deal.

In order to know if it is a wholesale deal, I would need ot know what the ARV is (not a zestimate). Also I need to see exactly what the house looks like inside to determine the cost of repairs.

The owner telling you what it needs is very nice of him, but not at all very useful.

Then I need to know what market it is in. I need to know how old the roof is, if there is a burried oil tank or not. I need to know how old the windows are...

Without knowing any of this no one can tell you if it is a whoelsale deal.

See, basically I need to know how much the house is actually worth all fixed up  in the current market and I need an accurate assesement of how much repairs it needs.

Only then can anyone tell you if it is a good whoelsale deal or not.

Go get it man!