Wholesaling in Orlando

[Troy Anderson]

Hello Bigger Pockets,

Recently started getting my feelers out into the market looking for potential opportunities that may be good for a wholesale deal. Just wanted to see if I could get an idea of how some of the cash buyers in the area are running their numbers. I realize the Central Florida market is currently extremely hot for sellers. So was wondering if typically if the cash buyers are looking at getting between 25-20% discount or are some willing to go even lower?  This would definitely help me better understand what to look for as well as running my numbers to make fair offers on properties. I want to be ethical and fair when presenting my offers to the sellers but also keep in mind what my end cash buyer may be looking for. 

[Andrew Karhan]

Troy, 

I recently just closed on a deal and offered cash to try and get a discount and the sellers wouldn't budge. Before this deal I tried to offer cash on a different property that needed a ton of work and was slightly below the currently market value for that area and the again the sellers didn't budge. That place ended selling for $7K more than their asking. The deal I just closed on I paid $10K  over asking. Market is crazy right now, good luck!

Cheers, 

Ak