Are most of you wholesalers locking your contracts under the asking price? Or any of you getting deals under what is typically being paid for in the subject area? I just secured an end buyer who first told me he was looking for fixxer-uppers and homes he could hold and rent out. I found a home that i put an offer in at 70k. If the bank accepted it i would have wholesaled it to him for 85k. Mind you the interior carpet and paint has already been applied. It could use a little landscaping and the fence needs to be fixed, oither than that its move-in ready. Why wouldn’t he want it?
Please leave a response if you read the post thanks :beer
It’s kind of hard to give you an answer with the info you provided…
What’s the house worth? what would it rent for?
Most importantly- how much is your end buyer willing to pay for a similar property in that neighborhood? why not call him up and run the numbers by him and then go from there…
steph :cool