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Updated over 7 years ago on . Most recent reply

User Stats

30
Posts
7
Votes
Brandon Metzler
  • Flipper/Rehabber
  • Brandon, MS
7
Votes |
30
Posts

Purchase offer to wholesaler

Brandon Metzler
  • Flipper/Rehabber
  • Brandon, MS
Posted
When purchasing a property from a wholesaler who says offers encouraged, what percentage of their posted price should I offer?

Most Popular Reply

User Stats

2,374
Posts
1,881
Votes
Mitch Messer
  • Lender
  • Playa del Carmen, México
1,881
Votes |
2,374
Posts
Mitch Messer
  • Lender
  • Playa del Carmen, México
Replied

Hey @Brandon Metzler. I don't think your offer price should be based at all on any wholesaler's asking price.

Instead, you should run your profitability calculations (using your ARV, repair estimates, etc., not theirs) and see what price you'd need to pay in order to meet your particular deal criteria.

That's your offer price.

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