Basic wholesale concern , help ?

[Cristian Alcaraz]

I’m wondering what’s the best way to know how much you should buy a property. For example, My market is usually in the high 500k. How can I determine how much I should buy the property for cash. What’s recommendations do you advice for me to value a house to be able to negotiate with seller and make profit .

[Larry Turowski]

@Cristian Alcaraz To wholesale?  You need to know what your buyers will buy at--your serious buyers, not tire kickers.  I think wholesalers who do a lot of deals have identified buyers that will pay a little more than the average cash buyer.  There was a wholesaler on a  BP podcast--I forget which one--where a wholesaler said he had a buyer who would pay 80 cents on the dollar all day long, where most buyers would want to pay no more than 70 cents on the dollar.