Updated almost 11 years ago on . Most recent reply
Wholesale
I found a house that the landlord wants to sell for $33,000, but it is being rented currently for $400. Can i still do a wholesale flip or not?? Also I have less than $100 to put down. HELP ME PLEASE!!!
Most Popular Reply
You could likely get it under contract and assign that contract to a buyer, provided you have a buyer. However with a tenet, it would likely only be picked up by someone who is interested in buy and hold properties.
However based on the asking price and the current rent income, that doesn't seem like a great deal, so attempting to get a little piece of the action and flipping it to someone else would make it even less appealing.