Question about purchasing a wholesale property

[Shannon Leight]

Hello all:-). I’m a newbie here and researching the prospect of flipping a house. I have subscribed to a couple of wholesale email distribution lists. My question is whether the asking prices are firm with wholesalers. I would assume not but I really have no idea. If not, is it similar to the regular market in which they generally price high and assume there will be some negotiation or maybe even vice versa in this market? I know it depends and each situation is different and I need to research the value of the property..... Nonetheless, any input would be helpful. Determining the value of a property is not an exact science. Any advice regarding purchasing a property from a wholesaler would be immensely beneficial. If you have purchased one before, did you pay full asking price? If not, what percent below (or above) asking? Also, it is my understanding that you are allowed to view the property once but inspections are not allowed. Are you able to view it with your contractor? I really appreciate your help:-) Have a great day everyone!