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Buying & Selling Real Estate

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127
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Reggie Rearden
Pro Member
  • Rental Property Investor
  • Aiken, SC
44
Votes |
127
Posts

Negotiate with a Wholesaler

Reggie Rearden
Pro Member
  • Rental Property Investor
  • Aiken, SC
Posted Oct 19 2020, 05:44

A wholesaler contacted me about an SFR. I'm very interested in this home as a flip. Do we negotiate prices with a wholesaler the same way we do with off-market and MLS deals? The wholesaler gave me a price of $65K. After adding granite and changing carpet to laminate flooring, the realtor I generally work with said the house would list for $108K. I'm estimating around $10K for those and some other light rehabs. This would potentially be my first flip but I could also add it to my buy and hold portfolio as a secondary strategy.

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