Wholesaling

[Justin Miller]

I am a real estate investor with a few rental units but I am new to wholesaling. I have a question about wholesaling fix n hold property. I am currently trying to get a property under contract that is a fix and hold rental that has a tenant in it. They just signed a 12 month lease. The house needs nothing but cosmetic upgrades to the interior, but decent enough to rent. The question is normally you look at 70% ARV, but this already rented property where the upgrades aren't needed right away, can you go above 70% ARV to make the deal happen? The owner wants a higher price. I can get him what he is asking for and still have room for assignment fee and leave some equity. Or would I be better off trying a Lease Option. Thanks a lot.