If the work needs updates, that’s where it can add up, but $30K sounds like a reasonable cushion based on what you’re describing.It sounds like a solid deal, especially if the cash flow is good.

It sounds like some lender will allow you to get a 2nd mortgage for that $172K amount and some will not.Does anyone know of any lenders that can work with this?

Hello everyone my name is Omar I’m 24 ,just recently came across wholesaling  and I started doing some research on it and it seem like it’s the best option for me now to get my foot on the door and eventually start do...

I would appreciate any feedback or advice on how to navigate this situation.Thanks in advance!

Here’s the advice I wish someone had shared with me when I was 19:1.This journey won’t be easy.

Readers should seek professional advice.

Readers should seek professional advice.

Not sure how old you are, and $200K in a 401K may be a little or a lot based on age, there may be so many implications taking out money from your $401k, especially if you are still working for this company.feel free to reach out for tax advice

I realize I don't have the actual NOI, but that price sounds super high for the gross income you're stating in your narrative.

I know you feel you are on top of it, and it sounds like a class A or B.