Wholesaling or JV Flip ?

So Now that I have the contract signed I know have options :)

So now I can either wholesale the contract or partner with. 

I found someone here on BigerPockets to partner with. I just have to figure out now how good this deal really is. Of course I can not tell you little buggers how much I got the contract for but I can tell you however what the ARV is.

So a little about the house.

If a pictures tells more than a 1000 words.. what does a video do?

 A lot more I suppose, so here is the video :)

Disclaimer. I am not marketing this house, I am just showing it off as this is sort of my online diary... to let you all know what my updates are and what I am going through.. you know for learning purposes. So you silly newbies, pay attention!

Wow, the embed code worked. Well look how pretty that embedded from my facebook!

Well actually the video didn't work. But you can watch it here!

OK so here is the butt clencher! I just realized I have one more option here.

But before I get into this I should first tell you a little bit about the house no?

OK so..

House:

Size : 960 SqFt

3 Bedrooms

1.5 Bath (0.5 bath is in basement)

House has a basement! pretty big basement actually but it is not a dry basement!

OK we were talking about the butt clencher!

So here is the butt clencher.

The owner started doing work. Basically the roof is 1 year old. All mechanicals work, new walls and fresh paint, hard wood flooring (owner scraped of the old carpet).

Ahhh let me show a few pics in case

the video made you dizzy...

Seriously... to make this house "livable" and I use this word lightly and I tell you why in a second.. is just put a new carpet, and install a new kitchen, and clean the bathroom.

So I said I use the word lightly, because the house would be more than liveable. It would look pretty much like new.

The reason is because the walls are new,  fresh paint job... and adding a new kitchen would make the entire house new other than the windows, and the outdated bathroom.

BUT.. how much would that take? Maybe 10-15K for a new kitchen, maybe 2K for new windows and boom, 20K will transform this house into a pretty much high end rental! with an ARV of about  180K.  (If you go all out, i.e. refinish flooring, windows, new bathroom etc. etc.. the ARV is 203K)

SO I never even thought of this. I always thought my options were either rehab and resell, or just whole sale. So now I have a whole new toy in my arsenal!

How did I come to my ARV you ask? THought you never would.

Check it out...

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Well 12 pages further....

and the ARV is $203K

If you want to full report, you can download it on my cash buyers site.

BEWARE though...  downloading it from that link will automatically put you on my cash buyers list and you will get my latest wholesale deals via email.

If you do NOT want to be on my list, download it via this link here.

So, with my main motivated seller site, I have a great thing going showing credibility, especially from my about us section.

Everyone seems to be so impressed they completely let  down their doubts and start to admire and thus trust me. It is working fabulously for me! I guess the NASA thing is useful after all :D

So here is the extra bonus.

With a finished basement I can bump the SQ FT up to 1700 SqFt. I just need to figure out what the requirements are to count the space into  the square footage of the house!

OK so now, I am hoping to make it work with a JV deal.

Wish me luck. I hope I can write an other success story soon!