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Updated about 12 years ago on . Most recent reply

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Sophia Phillips
  • Yorktown, VA
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The formula for a "good deal"

Sophia Phillips
  • Yorktown, VA
Posted

I am looking to become one of the best wholesalers.. I'm doing Lots of reading and researching .

I keep reading that there are not a lot of good wholesalers in the community. My question is

What is the formula for a great deal..

I wish someone would write a book that specifically deals with wholesaling ....

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

A good wholesale deal is a deal that is good for your end-buyer and also has enough equity for you to make some money as well. But, the key is to focus on finding what your end-buyer will consider to be a good deal.

That means you need to have a detailed understanding of how rehabbers and landlords (your typical end-buyers) evaluate a deal. As a wholesaler, you need to have a firm grasp of rehabbing and landlording, so I'd suggest you start by getting familiar with how those two types of investors analyze and evaluate their deals.

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