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Updated almost 7 years ago on . Most recent reply

Georgee Gilbert's profile image
Georgee Gilbert's profile image
Georgee Gilbert
  • from Lathrup Village, Michigan
  • Member since Oct 4, 2017
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Georgee Gilbert's profile image
Georgee Gilbert's profile image
Georgee Gilbert
  • from Lathrup Village, Michigan
  • Member since Oct 4, 2017
Connect
Georgee Gilbert
  • Lathrup Village, MI
6
Votes |
51
Posts
Wholesaling

Wholesale rehab investment

Georgee Gilbert
  • Lathrup Village, MI
Posted

Why wouldn't  a smart real estate investor pay $75,000 for a property that cost $30,000 to repair and be worth $125,000 afterwards?  I see a $20,000 profit. I don't understand why this is not a good investment for a retailer or landlord. According to my instructor it is not. Please explain. 

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