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Updated about 5 years ago on . Most recent reply

User Stats

121
Posts
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Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
33
Votes |
121
Posts

Help with First Wholesale Deal

Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
Posted

Hello I’m New to RE Investing, Please Help me out of my First Deal.

I find this Property on MLS Listed for $399000

I Submitted an Offer through Online for $300000 Just to give a Shot.

this Place needs Little Renovations. Floors are Recently Installed. 3 Floor 3 Bed Apartment with a Nice Backyard in a B+ Location.

Comps were Sold about $530k & $599k. Sounds Like a Good Deal to me.

The Agent Replied to me to have a Conversation. I used Double dip Strategy to Present that Offer.

Moving Forward How do I Approach the Agent? What Should I be Doing? Please help me, as First Deal gets Some momentum. Thanks!!

Most Popular Reply

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6,755
Posts
7,828
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,828
Votes |
6,755
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

What does this have to do with wholesaling? You aren't going to wholesale that deal. All the investors have already seen it and passed on it. If you are brand new, you have to ask yourself, why are all of the other local investors passing on this property if it's a good deal. Chances are there is something you are missing. 

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