Updated almost 6 years ago on .
Real estate wholesaling - assignment of contract
Hello BP!!
I just wanted to take time and see what is y’all viewpoints on this subject . Recently I almost wholesaled a deal wich didn’t went trough after all . I got the seller under contract . However when I went to check out the house I estimated around 30k in repairs . When I tried to assign the contract to a cash investor he came by the house with a friend that was supposedly a contractor , the contractor didn’t really look around and was just walking around . Since I’m new in the industry I tought that was good enough . The cash investor then left with the contractor and called me after saying he estimated 60k (30K more)!!! Which was definitely not good enough for the deal since the offer was going to be way to low from what the seller owed in the property.
1)How do you go about making sure people are not just trying to come up with number in order for them to get the property even cheaper and have bigger profit margins as a wholesaler?
Since if it’s like this it’ll be hard for me to assign a contract with other people telling me different numbers from what I calculated