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Updated almost 11 years ago on . Most recent reply

User Stats

120
Posts
8
Votes
Markeilsha R.
  • Wholesaler
  • Syracuse, NY
8
Votes |
120
Posts

A-B-C....D Deal??

Markeilsha R.
  • Wholesaler
  • Syracuse, NY
Posted

I have a home under contract that I have been advertising for sale to cash buyers in the area. So far I've received an offer for about half of what I want to sell it for. With the taxes I wont make too much on the contract. It was the first offer from this buyer, so I'm not sure if I want to take it or attempt to negiotate (I'm actually kind of nevous about bartering for more.). I had another "offer" from a investor who is also looking to wholesale it and asking for a 30 assignment contract for him to advertise and sale. Now I just listened to a podcast that spoke on "non exclusive options to sale", kind of a finders fee agreement. If i wanted to take this deal how would I do it? the property is a REO so I was looking to do a double close, but if he is not the end buyer how would that work? Is it possible?

Most Popular Reply

User Stats

951
Posts
218
Votes
Phil Z.
  • Real Estate Broker
  • Orange, CT
218
Votes |
951
Posts
Phil Z.
  • Real Estate Broker
  • Orange, CT
Replied

- If your considering offers at 50% of what your trying to wholesale at .. then there's a problem with your re-sale price.

- Your wholesale price should be enough for a cash investor to make a profit.

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