Rental Property Investor · Indianapolis area · Member since 2019 · 13 posts · 10 votes
I am new at wholesaling and looking for some input.
The private seller has a home with the ARV between $185,000 and $190,000. I have a family member who is a realtor and has sold houses in the neighborhood. She says, she would list the house for $188,000.00 if it was her listing. It a 4 bedroom 2.5 bath 2850 square feet. The house needs no work at all and is 5 years old. Rent for 3 bedrooms in the area are going for $1,395.00 to $1,495.00 per month. I would assume the 4 bedroom would get $100.00 more per month.
The seller says he needs to sell quickly. He is asking for $170,000.
In this situation what is the price you would make to the seller?
I have a price in mind, I am just looking to see where seasoned wholesalers would come in, so I can compare.