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Updated over 8 years ago on . Most recent reply

User Stats

75
Posts
15
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Kim Ford
  • Wholesaler
  • Columbia, SC
15
Votes |
75
Posts

Question for Cash Buyers

Kim Ford
  • Wholesaler
  • Columbia, SC
Posted
Generally, how much profit do you look for as a cash buyer? Is there a minimum that you need to receive as profit in order to buy a wholesale deal? I had my own numbers but o decided to reach out and see what actual buyers are calculating.

Most Popular Reply

User Stats

743
Posts
424
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Brandon Battle
  • Real Estate Agent
  • Buena Park, CA
424
Votes |
743
Posts
Brandon Battle
  • Real Estate Agent
  • Buena Park, CA
Replied

It's different for everyone you can ask.In a smaller state like Tennessee or Ohio where the home prices are dirt cheap around 125k,I would want a minimum 40k profit potential.However I am from Southern California and anything less than 100k potential and quite frankly I wouldn't get out of bed, let alone see the property you are offering.Too many good properties here in LA and San Diego areas have huge profit potentials to mess with cheap crap.

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