Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
The "does direct mail work" thread was so much fun that I thought that we should chat about the alternative. If you are NOT marketing for your own deals it's going to still cost you something. What did you pay or make on your last deal.
You do NOT have to say if you're a wholesaler or the end buyer just comment the dollar amount.
If you didn't buy it from a wholesaler but bought it off the MLS what was paid out in commission that could have been your equity?
The last one cost me a 30 pack of Michelob Ultra. The agent was a good friend of mine and his client wanted to punt the deal (assign). I signed off on the contract to purchase and when I asked what he wanted he said a 30 pack.
I’m a realtor so I contributed my commission towards the purchase price and only paid $5k on a commission. Had I not been a Realtor it would have been $10k.
The last one cost me a 30 pack of Michelob Ultra. The agent was a good friend of mine and his client wanted to punt the deal (assign). I signed off on the contract to purchase and when I asked what he wanted he said a 30 pack.
@Ryan Dossey. Call me crazy but these numbers don't mean much without context. I'd love to hear wholesale spread AND property sale price if people wouldn't mind sharing. ie paid $100k, $5k of which to wholesaler or $25k total, $5k to wholesaler
@Phil Denton I disagree a bit. I know investors in markets from LA - New York City. They are getting off-market deals at 75% - repairs - holding costs with under 5k on marketing on average.
But to answer your question.. On mine the $14,058 fee was on a 95k house.