'Is buying wholesale real estate worth it?' Property Investment

Is buying wholesale real estate worth it?

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Forum Post Bulah Ivanhoe, North Carolina

Is buying wholesale real estate worth it? I've never involved myself with the real estate market. I am a 23 year old male, recently married, who has yet to own a home. My wife and I have accumulated about $15, 000 in expendable savings. I'm considering investing in real estate..... even though I live in Michigan :(. I'm just curious if anybody has any valuable information, for example; what type of property should I look for, how much should it cost, how much should I put into repairs, should I resell or rent out, etc? I'm asking because I recently found a property selling for $18, 000. It needs roof repair and kitchen repair (that I know of), and I have the skills necessary to perform quality work, by myself. The average listed price for houses in that specific area is $78, 000. Would this be a profitable investment, or should I look elsewhere? Is buying wholesale real estate worth it?

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