Working First Wholesale Opportunity

[Billy Grubbs II]

Brand new to all of this. Taken some classes and spoke to some people, but the content I’m seeing from this community has been outstanding. I have a lead on two vacant properties that are prime for fix and flip in Washington DC; seller is selling both in as in condition. Seller wants a $10k non refundable e-deposit for each property that will be taken off of the cost. I pulled for within 0.75 miles of the main properties (All comps pulled from 0.75 with sales done within 180days) and came up with these numbers. Property 1 estimated value $910k Selling at $741k. 3/1 N. Capital St NE 1300 sq ft Property 2 estimated value $630k Selling at $513k 2/2 Columbia RD NW 900 sq ft I don’t have the $20k needed to lock in the contracts; but was told that most of the cash buyers may be willing to do it. How successful is this or how is the best way to go about locking a cash buyer that would want to do it?

[Wayne Brooks]

I meant commissions on the back end when the flipper sells.