What is the average profit that wholesalers and rehabbers make on a deal? I want to start wholesaling and want to leave enough profit in for the rehabbers.
I went to the Wild Wonderful Women of Real estate convention a few weekends ago and Vena said from $10K to $15K. Generally, you should be getting 10% of the deal.
Hope that helps.
ML
www.empyre.us
Oh, my above response was for wholesale. Rehabs are completely different. You don’t want to mess with a rehab unless there is a minimum of $20K in it for you.
Melinda Longoria
www.empyre.us