ALRIGHT HERE IT IS ,
A LADY PRESENTED ME WITH AN OFFER FOR A PREFORCLOSURE FOR 218,000
ITS ARV IS 285,00
ONLY 3-5 THOUSAND IN SMALL COSMETIC REPAIRS
I AM A BEGGINER AND I THINK THIS IS TOO MUCH MONEY TO TAKE ON FOR A FIRST TIMER SO SINCE I RECEIVED THIS LEAD FROM A WHOLE SELLER, I WAS WONDERING IF I COULD TAKER HER LEAD AND WHOLE SELL IT TO ANOTHER INNVESTER, LIKE A DOUBLE WHOLE SELL? SOMEONE PLEASE LET ME KNOW FAST W/ ANY THOUGHTS OR IDEAS
THANKS
There are no rules that you can’t take a deal from one wholesaler and sell it to another, but you have to think that this person who brought you the deal is also talking to others and doing that.
Also, if you use the 70% ARV formula on this, a deal would be around 195K, not 218K. It will be hard for you to find a wholesaler who would buy this for 218K. If they did, what would you make?