Minimum wholesaling fee

[Janea L.]

Hello -

I came across a social media post where someone shared that 35k would have to be the minimum wholesale fee for them to go through with a wholesaling deal because anything below that would be considered "pennies." Is this realistic especially for someone just starting off?

[David Ramirez]

I agree 100% with @Yael Lederman, set your own standards. After you do some deals you are going to determine what's a good standard to set for future deals. I haven't done a deal of less than 10k but is not a rule of mine, it's just that it has never happened. My average assignment is 15k. Be as conservative as possible with your numbers taking into account your market and competition. You don't want to be the highest bidder in your market because you are not going to provide a good opportunity to your buyers. It's better to make a bit less on your assignments and have repeated business than trying to squeeze as much as possible and having to find new buyers every time. 

Good Luck!