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Updated over 6 years ago on . Most recent reply
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Wholesaler Dilemma ? Assign contract, Hold, Repair,Flip, Brrrr?
Recently put a clear & free 3br/1ba 1028sqft home on 0.25 acres under contract for $30k Zillow estimated the ARV at $92,860, my first Intent was to sell my assignment contract to a cash buyer but then I was weighing out other options that would be more beneficial to myself as a newbie investor by hold & flip or long term wealth by using the Brrrr strategy & a private lender I’m open for suggestions?
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Hey @Brian Flint if you have $0, there is no way you can do a flip or buy and hold. Wholesale it. Dont get greedy and try to make 20k on your first wholesale. Find some investors from your investor group and make 5k, if you can. Make friends as you make some money. Dont try to do just one or the other.
Keep marketing to find more deals. As you do and make more money save some up and THEN you can rehab and hold.