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Updated almost 12 years ago on . Most recent reply
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The formula for a "good deal"
I am looking to become one of the best wholesalers.. I'm doing Lots of reading and researching .
I keep reading that there are not a lot of good wholesalers in the community. My question is
What is the formula for a great deal..
I wish someone would write a book that specifically deals with wholesaling ....
Most Popular Reply
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A good wholesale deal is a deal that is good for your end-buyer and also has enough equity for you to make some money as well. But, the key is to focus on finding what your end-buyer will consider to be a good deal.
That means you need to have a detailed understanding of how rehabbers and landlords (your typical end-buyers) evaluate a deal. As a wholesaler, you need to have a firm grasp of rehabbing and landlording, so I'd suggest you start by getting familiar with how those two types of investors analyze and evaluate their deals.