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

[Kurt Gardner]

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.

[Ronald Perich]

Those numbers are a bit thin for a wholesale. $120K all-in for a property with an ARV of $135K doesn't makes the buyer any spread after closing costs. Not sure you'd find anyone other than a long-term buyer. And even then it's a bit on the low equity side.