Wholesaling Newer Properties That Need Little Work?

[Samantha M.]

I got a lead from a property built in 2007, its a 3/2/2 nice property in good condition. The property already has a tenant in it. I might try to wholesale it simply because its in a far away section of Dallas for me (I like to be within reasonable driving distance to all my rentals).

With that being said is there any strategy I could use to Wholesale this house? Being built in 2007 it probably has little equity. However, it is in good condition and already has a tenant renting the place.

[Bryan H.]

I wish more wholesalers focused on this market. If you can get a deal on a property that doesn't need work, by all means, run the numbers and market it to a landlord. Even if it does need some work to get it 'rent ready', if you can price it so the ARV to Rent Rate works you should find buyers.

Quick rule to keep in mind is the 2% rule, or at least the math behind it. 2% is tough to get in many markets, but find out what your buyers are looking for and price it accordingly.