All Forum Posts by: Janette Washington

@Chris, I read your post, “I agree." A good wholesaler will leave most of the profit for the investor or rehabber.

Here’s an example many use to show/explain a good deal.

1. Wholesaler makes an offer to seller

I’ve learned, wholesale price offers are usually (40 to 60 cents on the dollar)

Let’s say house fair market value is $100,000.00

Seller agrees to sell for $50,000.00 (50 cents on the dollar)

2. Wholesaler finds a buyer

3. Wholesaler puts the property under contract with the motivated seller

Buyer agrees to buy for $60,000.00 (60 cents on the dollar)

Now the buyer is getting a good deal worth 100K when fixed up!

4. Wholesaler goes to closing and buys the property for $50K from the motivated seller, “transaction completed."

5. Then wholesaler resell that same property to the buyer for 60k and completes that transaction.

The wholesaler profits 10k

Closed deal and house sold!

@Everyone,Thank you all for the comments.

I’m also interested in “probates and subjects to,” anyone else?

Hi,
I’m new to the forum, as a beginner wholesale investor. I would like to add to and build up my network of colleagues; other wholesalers, investors, rehabbers, and lenders…agents as well. Really would like to meet some other beginners in this forum. I’m a stay at home mom, I work , and go to school from home. My partner and I are just starting out, he has a business already but we really want real estate investing to be our basic flow of income. I want to increase our income this month by at least making 5-10k on a deal before December 2011. Also I can definitely use some helpful advice. As well, I would like to know what other investors live in Raleigh, NC area. I’m near triangle town area. Thank you for any feed back!