Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
wholesaler asking price... still lowball them or...?
So I have been meeting and getting deals from a couple of wholesalers here... But their numbers are always a bit "wishful" THey do the false urgency sell... oh I have this out to lots of investors, need to know by tonight, all that...
But when I run the numbers with everything factored in, interest on hard $ if needed, taxes, commissions at sale... their numbers even as stated are a joke. Let alone my guy's comps and any real rehab bid...
I have one in my inbox that I like, but I think she is about 10% high on her ARV, and asking more than any flexible 70% rule will accomodate. Should I even bother to say "I like the house, but only at x$" and leave it at that... some investor working purely cash could make her numbers fit... but not me with some interest cost... and not for my first deal... dont want to do anything too slim on the margins..
I would really appreciate insight on how to approach wholesalers in this situation. I dont want to come off like an idiot noob, but dont want to buy something lame either.