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Salome Dcunha
  • Newport, KY
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Negotiating Wholesaling Deals?

Salome Dcunha
  • Newport, KY
Posted

So I've started my real estate journey working mostly with realtors and saw something interesting come through from a wholesaler. Are there different "rules" around closing a deal with a wholesaler? Aka, is the offer they have the lowest already or should i still ask if there's wiggle room to negotiate lower? The deal makes sense for my COC and $/door minimum criteria, but as i've listened to more experienced people on the podcast, i'm wondering if i need to add a criteria for annual profit to be >$5000 per property because it seems like that may cover potential disasters/capex problems that occur without wiping out property profits for multiple years. That last criteria is the one that falls short in the analysis on the deal the wholesaler is presenting. Thoughts, BP community? Appreciate your help!