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Updated almost 10 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Marian L Claville
  • Real Estate Agent
  • Shreveport, LA
2
Votes |
16
Posts

My First Wholesale Deal (I hope) !

Marian L Claville
  • Real Estate Agent
  • Shreveport, LA
Posted

I have a question about a piece of property I am trying to wholesale (this would be my first): the home is listed with a real estate agent for $27,500 it has a tenant inside who pays $500 per month. The home is newly renovated and I will get it under contract for $23,000 to $25,000. I just submitted my first offer of $23,000 and they want a deposit  $1000 before I officially submit the offer.

1. How can avoid paying the  $1000? 

2. What should I charge for my wholesaling fee?

3. How do I find buyers? (I'm very new to this)

4. What should I do?:-)

Thanks in advance 



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