A wholesaler who owns two single-family rentals plans a $100,000 renovation and will hold the property for five to seven years, expecting the equity to double before selling.
Have you had rentals before?
I have single-family rentals, but I have not gone into the multifamily.
How many have you— how many did you have? So I have 2. You have 2?
Yeah. And I'd love to have kept more, but you know, as a wholesaler, you got almost—
Do you manage them yourself or do you have somebody else manage them?
They're self-managed, yeah.
So after you fix this up, do you plan to flip it, keep it, rent it? What's the long term?
This goal would be to keep it for, I think, 5 to 7 years and then sell it when we believe that the equity will double.
And you think the rehab is $100K?
Yeah, yeah.
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