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Updated over 14 years ago,

User Stats

471
Posts
95
Votes
Robert Burns
  • Wholesaler
  • Baton Rouge, LA
95
Votes |
471
Posts

Wholesale Deal Today

Robert Burns
  • Wholesaler
  • Baton Rouge, LA
Posted

I've been working on a wholesale deal for about 3 months. Initially the seller wanted too much for the house. I just talked with the seller and she said she needs to "unload" the house and will take a loss. She owes about $50k and the ARV is approximately $90K. Repairs are $10k-$15K. I want a $5K assignment fee. I already have a buyer lined up who is looking for a house similar to this and will be financing the sale with a mortgage.

This is my 1st solo deal, so what are the recommendations for my offer amount and what other things should I be sure do?

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