How Do you Decide What to Keep and What to Wholesale?

Question

I have a few deals coming up and both of them fit in the fix and flip, fix and rent (HOLD) or Wholesale. category.  Just wondering how do you guys decide what to keep and what to wholesale and why.

I know there is no telling what is around the next phone call…

Elia S. · Answer

Raina Hi good Question for me that all depends on the Area,Comps, & Repairs of the Homes since i do a few of what you stated fix & Flip,Hold & Wholesale if the Repairs are where it needs to be for a Flip then i buy it an flip instead of Wholesaling if the Repairs are to High I will wholesale it an last if the Property is in an area where there are Lots of Renters I usually keep it but thats all by Location.

thats my 2 Cents hope that helps.

Abel Curiel · Answer

Hello Raina,

I literally just finished using the BP wholesaler calculator for the first time. Great tool to help you analyze the different outcomes for the wholesaler and the investor (flipper/landlord).

I also have to second what @Elia S. said about taking the location into account. Finding a great off-market deal in an area with increasing rental demand can make for a great cash flowing investment.

Best of luck to you!

-Abel

Raina Wells · Answer

Very good Ella I think that sums it up…

Raina Wells · Answer

Well I think I got it…

The reason there is a problem rents in Dallas are crazy so ROI is very good in most cases.  Right now I do not want to be a landlord and I started this to fix/flip only.  Wholesaling kind of fell into my lap.

Im going to flip what does not wholesale.

Abel Curiel · Answer

I hear you! I didn't think there was such thing but now that you mention it, I can think of a few properties with poor management and no signs of improvement yet the owner won't sell or fix them.

So have you figured out how you're going to approach the upcoming deals? Flipping the contract or keeping them for yourself?.... or hoarding? lol

Raina Wells · Answer

I do not want to be a house hoarder….. LOL

Raina Wells · Answer

The reason I am asking this question is... I come across a lot House Hoarders. People that own a bunch of property but not doing absolutely nothing with it.  You call ask if they want to sell they say no and it's been vacant for two years.  The response is usually the same… either a family member is suppose to move into it or they have plans to remodel it.

How Do you Decide What to Keep and What to Wholesale?

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