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Updated over 8 years ago, 04/26/2016

User Stats

129
Posts
81
Votes
Kurt Gardner
  • Investor
  • Maryville, IL
81
Votes |
129
Posts

What would you do? Wholesale it or wait to buy?

Kurt Gardner
  • Investor
  • Maryville, IL
Posted
I want to buy this home. I can't because I'm closing a duplex today and that will tie me up for a month or so. I am considering putting a contract on it to wholesale, but I have never wholesaled nor do I have a big "buyers list" of people I know who would invest. I am not desperate for either, honestly. I find good deals fairly regularly. I do think an additional revenue stream would be nice and you gotta try sometime, so... What would you do? Would you "wait" for it and hope it is still avail in a couple of months and take the deal yourself, or take a stab at wholesaling "in the blind" and get a little from the deal now? Basic numbers: 3BR 2BA, B-/B area, contract price would be $58k, rehab about the same (~$60k), ARV $135-140. Thanks for any advice.

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