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Updated over 7 years ago on . Most recent reply

Sonya Brown's profile image
Sonya Brown's profile image
Sonya Brown
  • from Chicago, Illinois
  • Member since Nov 28, 2016
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Sonya Brown's profile image
Sonya Brown's profile image
Sonya Brown
  • from Chicago, Illinois
  • Member since Nov 28, 2016
Connect
Sonya Brown
  • Chicago, IL
0
Votes |
10
Posts
Buying & Selling Real Estate

Using RE formula for wholesaling

Sonya Brown
  • Chicago, IL
Posted

Im a new wholesaler and get really frustrated when I use the formula/wholesale fee. My offer always seems to come way too low. Att least it appears that way to me. Ie.asking price-$150K

ARV-$70K

After repairs,wholesale fee, my offer would've been$ 49K.

It seems ridiculous. How can I get past my hesitancy to do deals and learn how to use the formula correctly? If IT'S correct.

Thanks Sonya

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