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Updated about 7 years ago on . Most recent reply

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Javier Torres
  • Real Estate Investor
  • Rialto, CA
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33
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wholesaling to flippers for profit... its kinda confusing

Javier Torres
  • Real Estate Investor
  • Rialto, CA
Posted

OK WHOLESALERS i gotta question for you guys or anybody that wants to help out. i take everyone serious and thank you ahead of time for your input. 

my question is do you use the 70% rule when putting these properties under contract ? because for a newbie its kinda hard to convince yourself to make it happen when the the numbers are pretty tight. but go ahead and school me i'd appreciate it .

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Aaron K.
  • Specialist
  • Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

Just to comment, based on your location if you try to use 65% minus expenses or even 70% minus expenses you probably won't get very far if the properties you're targeting are in Southern California.

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