Updated almost 8 years ago on . Most recent reply
First wholesale property
I have a property in Newport News, VA for 195k with 250 ARV and very small amount of work to be done. I am not sure how to go about finding the buyer. Also I am not sure if the spread between 195 and 250 is lucrative for the flipper? Any advice would be appreciated.
Most Popular Reply
Get familiar with an estimate of repairs. Where so many wholesalers falter is thinking they are they golden goose because they find deals for a living. You have to provide value above the deal, that’s how relationships are built. Negotiate enough equity to where you can provide contractor estimates or even inspection reports or even appraisals. If you are new, go print out a market specific spreadsheet for estimating repair and material cost
Hope this helps
Best of luck