Wholesale opportunity? or flip
Hello all,
I am a solar sales rep by trade but have been fond of real estate investing for years.
I recently went out prospecting and found a VERY dilapidated home that needs a complete gut/remodel. It is a 3/2 1290sqft starter home. The owner is ready to sell and would like to sell in the next few weeks of we can come to an agreement.
When I saw the house I went back to her and made a verbal offer that was about 110k lower than what she wants. She refused the offer but I opened up the negotiation with this.
My question is: what would be the best play here? Do I attempt to wholesale the deal (if this option, what is the most I can offer her?) OR do I do a hard money loan and sell OR refi and long term keep?
Any advice would be greatly appreciated.