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Updated over 6 years ago on . Most recent reply

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Lance Thomas
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8
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Wholesaling Advice and Questions

Lance Thomas
Posted

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Hello Everyone! I want to start out wholesaling but I understand the negative perception it comes with. However I want to do wholesaling in an honest way, so I have a few questions and statements that I need advice on.

1. If my contract on states that my intentions are to SELL/ASSIGN the contract to an end buy, would that suffice? Also, I will verbally tell the seller. The only way I want to include BUY is if I evaluate the property and would be willing to actually close it I can't find an end buyer.

2. I plan on using the BP calculator to show each potential buyer.

3. In regards to repair cost, depending on the amount of issues with the sellers property, I am willing to pay for my own home inspection to give me the best repair cost value.

4. In regards to my profit/fee, I believe if I am not worried about making the craziest amount of profit but instead, make sure the end buyer has a great profit, that would lead to a great reputation and buyers list. Should I take this approach.

Please keep this constructive as I am only seeking advice. My apologies for the errors, I'm typing on my smart phone at my 9 to 5 ugh. Thanks

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