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Updated over 6 years ago on . Most recent reply

Allen Holmes's profile image
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Allen Holmes
  • from Wilmington, North Carolina
  • Member since Sep 8, 2016
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Allen Holmes's profile image
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Allen Holmes
  • from Wilmington, North Carolina
  • Member since Sep 8, 2016
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Allen Holmes
  • Wilmington, NC
1
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7
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Rehabbing & House Flipping

Reasonable Wholesale Spread

Allen Holmes
  • Wilmington, NC
Posted
I’m looking to fix and flip a house I found from a wholesaler. They just sent over the assignment sheet and the spread is $27,000 on a $95,000 purchase price. Seems like a really big spread Am I paying too much? Does it matter if the numbers work?
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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Allen Holmes

If the property is worth $120K as is, they you are getting a bargain. If the property is worth $70K as is then you are getting ripped off.  How much spread the wholesaler is making has Nothing to do With What it is Worth.

  • Ned Carey
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