Rental Property Investor · Las Vegas, NV · Member since 2016 · 28 posts · 3 votes
Hey Bigger Pockets
Just curious has anyone been able to wholesale a property that's for sale from the seller in the 400k range? I have a property that I would like to wholesale located in the Franklin/Brentwood area of Tennessee and I'm trying to figure out if I can wholesale this one, only because of how high the price is. The seller bought the property as a project but doesn't have the time now to fix it up now. Does anyone have any feedback or experience wholesaling in this price range? Also how can I determine a deal from a non deal?
Professional · Beverly Hills, CA · Member since 2016 · 11 posts · 2 votes
9y
If you can get it under MAO at .7 you can definitely find a buyer. There's a lot of cash buyer websites google "we buy houses cash" . They like to purchase on MAO and have lots of capital.
Professional · Beverly Hills, CA · Member since 2016 · 11 posts · 2 votes
9y
sorry for the jargon. Mao is maximum allowable offer and is wholesale price based on the zillow comps. Wholesale is 70 percent value on retail comps on zilloe eg. 100k house has a mao of 70k if you can get it less than 70k you can make a profit. @tyler reese