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Updated almost 10 years ago,
First WHOLESALE DEAL I HOPE!
I have a question about a piece of property I am trying to wholesale: 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