Show me the numbers

[John Williams]

I just wanna know what kind of numbers you guys are working with when you flip a short sale.

average short sale price negotiated Vs. Price you sell for as a percentage.

percent of deals that fail

[Scott Hubbard]

Originally posted by Vikram C.:

John, are you thinking of wholesaling it? Guys in Phoenix area are making $10,000 to $15,000 on a wholesale flip. Some more and some less.

Wholesaling is making 1 or 2 % where your just selling the investment to a rehabber or a buy and hold investor. IF there are guys making $10 to $15K wholesaling, then they are selling to suckers. I am familiar with many rehabbers and buy and hold investors and we all agree that it is rare to pay that much to a wholesaler. Afterall, they have no risk of capital and it would be amateurish to leave that much money on the table.

Chances are they are either retailing the property to unsophisticated investors, retail bargain seekers, or they are higher-end properties where that kind of number is justified.