Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

Account Closed
  • Statesboro, GA
0
Votes |
9
Posts

Should I wholesale this deal?

Account Closed
  • Statesboro, GA
Posted

This is for future reference, just wanted to ask what you guys would do.

I'm currently working on getting my real estate license so I can get access to the MLS. Let's say I come across a deal where a person has a home that's worth $300,000. This home has all the works: the neighborhood is fantastic, no issues (not even cosmetic), a huge home, everything a family could want. Motivated seller has a hardship and is willing to give you the home for $150,000.

This is what I'm asking:

Coming across such a deal, should I flip to an investor as a quick wholesale? Maybe make $50,000 on an assignment fee?
OR
Should I put this property on the MLS and see if I can get closer to market value?

The reason I ask is because my mentor told me he made $60,000 wholesaling on a deal just like this. But I was thinking to myself, "Why not just put it on the MLS at market value?"

The only reason I'm thinking it would be better to wholesale is because you only have around 30 days on a contract to sell a house and selling one for $300,000 to a cash buyer just seems a little out there. Sorry for making the post so long, but what would you do in this situation?

Loading replies...