wholesaler questions

Foreclosures, Short Sales, Tax Foreclosures
1

Hi Everyone,
Here’s some questions.

  1. comps - what’s the best way to get them
  2. what is the industry standard fee for wholesalers, I’ve been told to let seller have 5% to recover/move, and rehabber 35-40% of market value.
    Thank you,
    paratrooper
2

1 To check comps, check both the currently selling prices of homes in the area and what homes recently sold for. To find the price of recent home sells, try your county tax assessor system. Some, but not most will have recent home sale prices. If you cant find them there, I recommend www.realestateabc.com or www.zillow.com. Dont go by the market value that they advise, just use it to check the comps.

  1. I havent heard of a standard, maybe someone else knows.