What should I expect to make in a deal??

[Brandon Whittaker]

I'm hearing a lot of different expectations, but what is realistic. It doesn't seem logical for a seller to take 45-60% of the asking price, yet for the wholesaler to only make $2,000. For example, I had a gentleman whose property was worth 78,400 say he would take 66,000, and another investor told me this was a bad deal. 

[Dell Schlabach]

It does sound like a bad deal unless you are buying it to live in it.

Wanna put some numbers together and show how it's a good deal for anyone else?

You want to wholesale it to someone else.

If you buy for 66,000 + 5,000 wholesale fee =71,000 if your buyer fixes it up say he only puts new carpet and paint in it cleans it up, and it costs 10,000 now you are at 81,000 if he lists it and sells it for 78,000 he just lost 3,000 , if he listed it with a realtor and paid 6%commission, he lost an extra 5,000+ closing costs say another 3,000 , if he had to borrow the money maybe another 5,000 that's without figuring holding costs taxes, insurance, utilities etc. So your buyer just lost 13,000 .. He is not likely to buy more houses from you :-)

These are some very rough numbers but hopefully gives you some perspective

Need to learn  how to crunch the numbers if you want to play the real estate game..

Wish you the best