Wholesaling for beginners

[Nick Webb]

How do you figure your fee for a contract ?

[Melissa McRay Johnson]

I agree with what @Brandon Vukelich says. Knowing your market is critical, as well as knowing your buyers. Some are willing to pay more for certain properties or locations. Also make sure to track your profits on wholesale deals. Over time you will see what your average is and can make offers using that as a baseline. We know from experience that our average wholesale deal will net us 12-15k. Obviously some are a lot more, and some are less. But we use that as a starting point. We also make sure there is room left for the end buyer to make money as well. This ensures our deals will always move quickly because our buyers know we aren't overpricing our properties. 

Hope this helps!