To Go on market or off market? That is the question

[Joshua Rountree]

Hey BP! I have a investor friend that has a deal under contract and is trying to decide what to do with it. He has a unique situation where he can either do a traditional wholesale to a off market cash buyer through our local investor network, or go to market with the property and seek a buyer that way.

This property needs a pretty hefty rehab and at least for a newer investor like himself it's a pretty daunting task and he has decided to let someone else worry about the rehab. So what would you do? Try to network with local investors and get an off market cash offer? Or put it on the MLS and let the Market decide. Wholesale VS Wholetail?

[Patrice Penda]

It would be best would be to put it on the market. The more exposure they higher price he can get for it.
Looking for an off market buyer makes sense only if it would be an issue to put it on the market.
For example, you have a property under contract and you don't wish the seller to know that you are trying to assign the property or do a paper flip.
If that is not a concern, he should put it on the market.