Wholesale or Flip? New to Real Estate Investing

[Heath Watson]

Im located South of St Louis. Ive never done anything like this but decided to do some investigating on a home in my area that has been empty. The owner lives out of state and is ready to sell. Similar homes comp for about 160 completely fixed up. Im hoping to get under contract for 55k and possibly either just wholesale the property or maybe find a partner to flip it with. Just looking for some information since im trying to get my foot in the door of real estate and kind of new to some of this. 

Thanks, Heath

[Heath Watson]

Quote from @Chris Davidson:

@Heath Watson to flip it you have bring someone on and take on more risk. I would find what your as-is value is and see if that is enough for you to just wholesale it. Also if you can't wholesale it then bring on a partner and flip it. Look for buyer's and look for partners and go with what your gut tells you feels right.

Best of luck way to go man hope you get it under contract!

Thank you Chris! It’s hard to find people to work with. I was wanting to try and do the deal with some local realtor/flippers I know but they just want to pay me a Bird Dog fee for getting the deal and I don’t want to cut myself short of profits. I appreciate the insight I’m going to try and wholesale it like I planned from the beginning to get a deal under my belt.