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Updated over 4 years ago on . Most recent reply

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47
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Mark Anthony Alvear Jr
  • Round Rock, TX
15
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47
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Setting up a package deal in wholesaling

Mark Anthony Alvear Jr
  • Round Rock, TX
Posted

Hey BP family, currently have a lead that’s wanting to do a package deal..never done this before, however is there a different approach on determining what to offer? As well as getting a profit from this?

Most Popular Reply

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1,216
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Barry Pekin
  • Specialist
  • Purcellville, VA
840
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1,216
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Barry Pekin
  • Specialist
  • Purcellville, VA
Replied

@Mark Anthony Alvear Jr,

Don't get overly excited that you're suddenly involved in a deal that has multiple properties in it.  While you might be thinking that 4 properties means 4 times the fee, stop. 

Look at each of the properties.  A seller might be totally above board and just looking to get out of the game, or they might be looking to dump a piece of trash among other pretty good properties.  Check each one out, and if one looks like trash, tell them you want to take a pass on that one - or reduce the cost as appropriate.

I would really pursue each one independently.  Tell the seller that it's hard to find investor/partners who are willing to take multiple properties all at once.  Tell them you feel like you can get the best price for them if you're able to deal with each one independently.

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