Wholesaling Advice Please

[Lance Sauve]

Hello. I’ve been receiving some great feed back and BP has assisted very much so thanks to all. Now I need a little bit more help, I’m in the beginning stages of wholesaling...I’ve got signs out and about plus establishing my buyers list. I’m also in the GTA so prices near me are a little higher than what you see in the States. With that being said I need some advice and possibly some examples I could be working with. I’m just trying to get a clear vision as to what I will be looking at in the weeks to come. Average prices near me are 350-$450,000.

Also let’s say I have my motivated seller...how I establish our starting price in which we would start negotiating.

[Glenn Espinosa]

Starting price is easy: How much can you sell it for minus how much it needs in repairs minus average profit a rehabber would want to make minus how much you want to make minus room to negotiate.

Now getting a seller to accept such an offer is the hard part.