Wholesale or Flip 50k property in Sacramento
Hi folks,
I am new to real estate investing. I'd like to get some opinions on this potential deal.
Realtor friend contacted me about a 2 bed 1 bath property in Sacramento, CA (This is out of state for me) where the buyer has already express interest in accepting 50k for the property. The comps from the Realtor seem to indicate an ARV of 100-120k. Rehab is estimated at 15-20k.
If needed, I could temporarily live in Sacramento with family if I flipped this property however my investor friends said I should do a wholesale. I'm thinking if I did wholesale I could get around 10k out of the deal. Maybe at the very least twice that if I flipped it.
Would you recommend wholesaling or trying to flip it?