This might be a great deal...help?! (Noobie)

[Jeremy Diaz]

Hey everyone this might be a very good deal that I got and it’s my first so I’m hoping I can get some input. Any useful information is greatly appreciated! So here’s my scenario.... I found two properties that aren’t finished being built. It’s about $120k to finish both properties and the gentleman emailed me the appraisal amount which is close to $1,000,000 also with the plans to finish the home and what not. Approval by the city and everything! It seems like this is a great opportunity! Forgot to mention they’re selling for 350k and 450k. But the fact that it’s not completely finished throws me off. The seller is a homebuilder I believe and these 2 properties were his own side projects....but he ran out of money. What do you do? Forgot to mention I plan on wholesaling it...