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Updated about 4 years ago, 12/14/2020
I need advice with my wholesaling business please!!
Good morning! My boyfriend and I are going into Real Estate together and we started wholesaling a few months ago, but we are struggling to make much progress... We did a 3 month program that would guide us along the path, but when it comes down to it, we get stuck on how to make a good offer on a house that our buyers would be interested in. I've seen other wholesalers post deals upon deals with contracts for assignment and it seems like they know everything about what to get the house for. We will spend hours on one lead trying to find out what a good price for it would be but we don't understand how other wholesalers get the right price when there are so many factors that go into it and it depends on each buyer. We have typically sent the properties to the buyers to see what they would want it for, but by that point, at least for the last few deals, there will be an offer made on the house already... I guess we just don't move quick enough. What do you guys do to be able to find the buy price? We get stuck on ARV's and repair costs. Please comment any suggestions!!