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Updated almost 9 years ago on . Most recent reply

User Stats

35
Posts
10
Votes
John Johnson
  • Paris , TX
10
Votes |
35
Posts

Wholesale

John Johnson
  • Paris , TX
Posted
OK I recently found a very good deal on a house in my area. Being new this would've been my first deal but someone got to it before I could. My issue is that I am a college student with no real savings no money for a down payment but I do have very good credit. I was thinking about wholesaling this house when it was available but was a little concerned. I guess my question is being in this situation what is the best way going about taking advantage of a Wholesale. If I make an offer and for some reason can't get the house moved/sold to someone else before closing what other options would I have.

Most Popular Reply

Account Closed
  • Wholesaler
  • Saint Louis, MO
49
Votes |
312
Posts
Account Closed
  • Wholesaler
  • Saint Louis, MO
Replied

I would not make an offer without a realtor to help you with comps then....then perhaps start by looking up price/sq.ft sold in the immediate area. Another good thing is to have good buyers lined up, so you know what they are looking for first. I also have an automated offer spreadsheet that also estimates repair costs.

Thomas

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