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Updated almost 7 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Adedayo Odugbesan
  • Investor
  • Oklahoma City
1
Votes |
10
Posts

Wholesaling with no repair

Adedayo Odugbesan
  • Investor
  • Oklahoma City
Posted

I saw a bandit sign saying “for sale by owner”. I checked the property and it was neat since the owner just finished renovating it. I went on to Zillow to know the estimate and I discovered the zestimate is lower than what the owner is asking for the property. How do I wholesale a property that the asking price is higher than the market value?

P.S. >> I am a newbie!

Most Popular Reply

User Stats

757
Posts
318
Votes
David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
318
Votes |
757
Posts
David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
Replied

What does "Neat" mean in regards to the house? If the property is already completely renovated that sorta defeats the purpose of a wholesale deal. Most investors are looking to add value to a property not buy someone already renovated unless its a turnkey property. From the sound of it this is not a deal and not something that should be wholesaled. If you new I sugguest you educate yourself on what an actual wholesale/off-market should look like.

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