Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

6
Posts
2
Votes
Stephen Bowman
  • San Jose, CA
2
Votes |
6
Posts

Wholesaling 13 properties in a package deal

Stephen Bowman
  • San Jose, CA
Posted

I'm new to wholesaling, but have a great deal we're working on closing. Does anyone have any advice on wholesaling package deals?

Let's say we had 13 properties that a landlord is willing to let us put under contract for a total of $710,000 and we have a buyer at that price. We want to charge a mere $15,000 assignment fee. The properties still have a $250,000 commercial loan and the buyer is getting conventional financing on his end to close the deal. 

Would we have to open escrow for each house separately? 

Since the buyer is getting financed, I'm assuming each house would have to appraise for a certain amount of the entire deal to go through? 

Would we have to have multiple contracts with the seller and with the buyer or just one for each? 

Any other pitfalls we should look out for/is this even possible?

Thanks!

Loading replies...