Wholesale Advice
Looking for an analysis of the current market.
My question:
Which is more appealing to you as an investor?
A 3/1, currently rented for $650 via Sec8, needs no repairs, sale price is $33k
A 3/1, will rent for $650 via Sec8, needs $8k in work, sales price is $19.9k,
Both of these are current deals that we have.
I've got the rented house locked up and will make approximately $8k on it.
I will be able to sell the non-renovated property but will only make $4-5k on it.
Are other wholesalers seeing more interest in a property that is turn-key vs. a property that needs the grunt work? Even if theoretically they can get a better deal on the property that needs repairs?
Thanks for the insight!