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Updated over 16 years ago on . Most recent reply

User Stats

145
Posts
3
Votes
Ray Steele
  • Homeowner
  • taylorsville, NC
3
Votes |
145
Posts

Possible deal, how do I proceed

Ray Steele
  • Homeowner
  • taylorsville, NC
Posted

I AM NEEW IN REAL ESTATE,I WANT TO WHOLESALE AND HAVE FOUND WHAT I THINK IS A GOOD DEAL.ITS A $25000 PRICE,$25000 IN REPAIRS, ARV IS $75000.IM NOT SURE HOW MUCH MY FEE SHOULD BE, PLUS FOR SOME REASON THE SELLER DONT FEEL RIGHT ABOUT DOING A ASSINGMENT CONTRACT. HE JUSY WANTS TO DEAL WITH ONE PERSON SO IF HE GOES UNDER CONTRACT WITH ME HE WANTS TO SIGN THE DEED TO ME,SO, IT LOOKS LIKE I WOULD HAVE TO HAVE 2 CLOSINGS, WOULD THAT NOT CUT IN TO MY PROFIT?ALSO, I LIVE IN NORTH CAROLINA AND I REALLY NEED INVESTORS I CAN GO TO WHEN I FIND DEALS IF YOU COULD PLEASE HELP SEND ME IN RIGHT DIRECTION.THANK YOU. NEED HELP FAST ON BOTH.AND, IF A HOME HAS A $100000,WHAT IS THE MOST I SHOULD OFFER TO WHOLESALE OR ASSING THE HOUSE OVER TO INVESTOR IF I WANT TO MAKE 10000. IS THAT A GOOD FEE ON THAT MUCH MONEY I REALLY DONT KNOW HOW MUCH MARGIN THERE HAS TO BE TO MAKE 5 TO $10000 A DEAL.

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