All Forum Posts by: Nicole Martin

The Bigger Pockets episode 295 gives good metrics.

So appreciate he guidance BP family! @DuaneOrtega, I will definitely PM you.

I've found an off market opportunity and I'm not sure if I should try to raise the money to renovate it and resale it, or buy it an wholesale it. Here is the high level of what it looks like:

If I flip it:

- Acquisition price $290,000

- Est. Closing costs (buy and sell) $45,000

- Est. renovation cost $50,000

- Est post renovation Sale price $420,000

- Est Flip Profit: $40,000

OR I could purchase the house, and wholesale it. As-is listed homes in the neighborhood have sold for about $330,000. In my mind, those numbers look like this:

- $290,000 purchase price

- Closing cost (buy and sell) $18,450

- All in - $308,450

- Potential profit ($330,000 -$308,450= $11,500

Here's the rub - I don't have the cash to acquire, flip and/or wholesale. I'm seeking the communities guidance on how to present this to investors. If doesn't look like the earnings on a flip are enough to entice anyone (I'd need a loan of $385,000 in exchange for half of $40,000 when it's sold). And the wholesale side presents the same challenge. I'd need an investment backer to purchase, and perhaps pay some of the closing costs.

Interested in your thoughts and/or guidance.