I have a Scenario please help! Wholesale!

[Account Closed]

Here is a scenario . what can I add in there or what do i have to take out..
i am trying to wholesale homes like this.. but what would be the fastest way to find these homes or finding cash buyers after that.

No problem,
I agree with whatever I can get them to sign the contract for, then I hope I can find a buyer for the price. That's all you can do, you wont sell all that you get contracted, but you can always go renegotiate. Its just a part of the game.

Here's a deal that I have going on right now.

I got the property contracted for $23,000

I put an ad on craigslist for it for $29,000

I showed the property to 2 ppl, one of them offered $27,000, I accepted (Never be greedy, a profit is a profit)

I took both forms (You use the same form for both ppl, on one form you are buyer, on other form you are seller) to my title company, she is working on the paperwork now.

Next week my cash buyer will come in and pay $27,000, they will give him $23,000 and me $4,000 and him the keys to the house.

Everybody is happy

[Jon Holdman]

You're doing a double close, I take it. Why? Why not just do an assignment? There will be closing costs on both transactions, and some of those will come out of your $4,000 profit. I usually guess at about 2% on each end. 2% of each transaction is about $500. Because of the small amounts, 2% may be optimistic, since some of these fees are fixed rather than a percentage. Ask the title company to prepare HUD-1 statements for both transactions so you can see what you will net.