Deal or No Deal on Potential Wholesale Property?

[Account Closed]

I found a property I am considering putting under contract for 170K (from 184K) in a wholesale deal. The issue is the property has already been rehabbed. Yet, the ARV according to Zillow is somewhere around 300k+. But the ARV on sites like Redfin, Realtor, etc is as low as about 172K (but prior to rehab). I assume the Redfin listing of the house is outdated because the house looks much older than the one posted by the seller after the rehab. I need to be able to make money on the back-end by assigning it. I've seen comps as low as about 175k to as high as 300-400k. What would you do in this situation? I haven't seen it in person yet, but I am just trying to decide if it's even worth seeing. If I can't make money from assigning it to a rehabber/flipper (may not make out so well if market value is closer to asking price, as opposed to 300K+ where they would make out well) or rental investor (may make out well based on rents in area, but still may or may not get much equity if ARV is on the low-end as opposed to 300K+) why waste time seeing it. It's pretty far away from where I live. I don't want to lose out on a great deal, but also definitely don't want to jump into a bad one. I appreciate your feedback...-David

[Tom S.]

@Account Closed Is it on the MLS? If it's on the MLS at $184k, it's definitely not worth $300k. Even if it is worth $184k, you'll need to get it under contract for a far lower number than $170k for it to be a deal.

- Tom