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Updated about 3 years ago on . Most recent reply

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Cole Minnis
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7
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Wholesaling California with tenant

Cole Minnis
Posted

Came across a property in San Lorenzo California. This house is a 3/1 1000sqft comps are 850k. Any juice in the squeeze? I’ve never wholesaled before and the seller is super cool and even mentioned I should try to wholesale it. Curious what any experienced wholesaler would do in this situation. I could use this as a learning experience or is there another way to skin this cat. Seller wants 700k. Interested to hear back from you guys. Thanks!

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2,191
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Joe Homs
  • Flipper
  • Mission Viejo, CA
1,117
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2,191
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Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

@Cole Minnis if all your numbers are correct there should be plenty of room to Fix and Flip this property.  If you just want some quick cash $5-10K then wholesale it to a flipper in your area.  Get it under contract ASAP before he changes his mind.

Good Investing...

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