Wholesaling involving cash deals.

[Bryan Barry]

I know a lot of wholesaling deals are mostly in cash, and I have been hearing a lot of "paying 70% of the houses value" or some other percentage. So lets say I have a potential seller and he is asking for 100,000 dollars for his property, and is willing to be paid in cash. I would bring up to the seller that most cash deals are going to be 70%(or whatever percentage) of the houses value, correct? Therefore, the final cost of the house would be 70,000 dollars, right? (Not including my assignment fee with the buyer.)