Wholesale?

[Leland S.]

Hi - I am under contract for this house in Nashville area. I feel I got a pretty good price. It's a slight fixer upper, just cosmetic rehab. I feel I bought at 75% ARV but since it's in such a desirable area I think it will have value. I'm wondering if any investors would even be able to find profit in such a purchase. My estimated ARV is about 60k higher than my purchase price and I bought 23k under list, and 30k under Zillows estimated home price. Anyway, this is my first real estate purchase ever, so I'm pretty nervous undertaking all this work and feel my expenses will be so high I'll drain the profits. I think maybe it's easier if I can unload it for profit immediately to someone who is more efficient at rehab rather than do all the work to make the same or less amount... Any thoughts on how I should make that decision? Also, I live out of town so I'd have to fly in several times to manage the rehab, although my parents will be living there and managing most of it.