First Deal: Wholesale or Buy and Hold in Charleston

[Jabari Seabrook]

Hello everyone,

I am looking for some advice for my first real estate deal which involves family property. My grand-aunt has a house that has been empty and rundown for over 15 years that she would like to sell. She is asking for $70,000 to $75,000 and the house has ARV of $275,000 after $100,000 in repairs.

Since I am new to wholesaling I feel I could do well in my first deal, but i'm conflicted. Should I take the time and do a complete remodel or should I sell it to a real estate investor and invest the quick capital into growing my wholesaling business.

Thanks for any advice!!