About wholesaling
what is the maximum profit you can make on a wholesale deal
is it possible for the seller not to know about your profit
Can the seller legally put you in trouble about how much profit you make
You don't have to disclose to Seller how much you make, especially if you do a double closing. You need to find an investor friendly Title company and do a "Double Closing" Close with Buyer and Seller the same Day, That way, Seller and Buyer won't know your profit.
Maximum Profit? I guess that just depends? Our typical Profit is 5-10K per deal.
Brett
Depends on how good your deals are, and how good your Buyers List is. I recently read a thread where more than $100k was profited just for assigning a (~$2M apartment bldg) Contract.
Sellers should have no complaints, so long as you are HONEST with them from the start! Cheers...
Their ins't a maximum profit per say. You squeeze in what you can squeeze in. Ive done a deal for as low as 1,500 and as high as 30k. If you do an assignment with your local title company then the seller will be able to tell how much you are making. It shouldn't matter to the buyer what you are making as long as they are happy with the deal.