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18
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1
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Shon Drennan
  • Lender
  • Springfield, MO (springfield mo)
1
Votes |
18
Posts

Wholesale vs Buy and hold

Shon Drennan
  • Lender
  • Springfield, MO (springfield mo)
Posted

I am currently about to buy a single family home from a family friend for $100,000. It will need roughly $10,000 of repair. The appraisal value is approximately $190,000. My question is should I buy and hold this property which will tie up money for future investments or should I whole sale to fund the next rehab project to continue to expand?