Updated over 8 years ago on . Most recent reply
evaluate wholesale deal
OK, so I have met several great wholesalers on BP, and gotten a few deals sent my way... for my first flip, obvioulsy an MLS house would have that nice comfy feeling... but the price! So... wholesaler it is... I have no issue with the concept of wholesaling... but I dont want to get hosed.
Comps. Obviously they are incentivized to show you high comps... so I have my realtor run me comps.
ARV.... same. I am going through my realtor contacts, mixed with the comps.
rehab. they always throw a rehab $ out... I can assume this is baloney? Issue is it is very difficult to schedule a walk through... coupled with the pressure and speed california markets put on every opportunity...
price? do I even pay attention to their asking price, especially if their rehab $ is off..? or do I offer like any other deal...? I am not setting a sky high profit for my first deal, learning and a few $ is all I really want... but dont want to over pay. I also dont want to walk in there and be a moron and offer them a joke $.
Process... No MLS listing...no agents what is the process for buy and close? This is where I am completely clueless... and dont want to show my noob A*S and ask..