Got my first deal under contract, Now need advice and opinions!
Hi guys,
Thanks to all the support of bigger pockets my partners and I have been able to lock up a deal. We are about to enter escrow on our side and we are approaching a short list of investors for the property.
Now, this is our strategy for the remainder of this deal an I would love to hear you guys' opinions on our approach. Note that the property is tenant occupied.
1. Round up group of buyers
2. Take buyers to view the property together (we haven't viewed the property either)
3. Ask what the buyers are willing to pay for the property and avoid, if possible giving an offer first
At this part it gets a little fuzzy. We believe we can get above $10k as a wholesaler because we got a really good deal. IF we can get more should we open double escrow? The margin for this could potentially be half the value of the home but as a wholesaler, is it "fair' to try to get as much as we can? If necessary, we can pull funds to purchase this place but of course we don't want to take that course of action unless absolutely necessary.
Appreciate all input guys!