Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Sophia Phillips
  • Yorktown, VA
0
Votes |
5
Posts

The formula for a "good deal"

Sophia Phillips
  • Yorktown, VA
Posted

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

User Stats

17,995
Posts
17,196
Votes
J Scott
  • Investor
  • Sarasota, FL
17,196
Votes |
17,995
Posts
J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

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.

Loading replies...