alittle confused from some last post
Would you not only want to wholesale if the property is below 70% the market value. Because that is what most hard money lenders will loan out correct?
So does wholesaling work like this:
Seller will give me the house for 20K that is worth 90k ARV .
So i as the wholesaler would find a buyer and sell it for 25K to the rehabber or buyer. Therefore I would make 5K profit.
Is that how it works?
Please help
thanks
pfen