Wholesale Or Not: Price: $155k - ARV: $205k
I have an opportunity to put a house under contract but the house is occupied with a renter who has a very busy schedule. The owner wants to close in 45 days but will give the renter 30 days to move out. 15 days want be long enough to show and close.
Numbers:
Price: $155,000
ARV: $205,000
Repairs: $5000 Max
I've wholesaled many junkers over the past year and a half but never a higher end property with minor repairs.
Would $30k plus be a big enough return for an investor after purchase, rehab and holding cost?
Would you wholesale this property for $165,000 or what would you do?
This is a hot area of town....
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