Updated almost 2 years ago on . Most recent reply
Wholesale vs Flip
My friend and I are securing an off market property in Cincinnati and we are trying to decide if we want to wholesale or flip. Here are the questions we would love to get clarity on:
1. If we get the property (for a flip) under market value will a lender lend off of the appraised value? Meaning we could potentially put in little to no money?
2. If we wholesale what fees do we pay? I don’t think realtor fees?
3. If we wholesale how much instant equity should we leave to be appealing for an investor to buy into - 10%, 20%?