Man I found a huge deal but I need help
I'm am freak-en out and I need help, this is my very first wholesale deal. I found a home where the comps are stating the home is $134,000 but the owner just wants to get rid of the home for $40,000. The home has been totally redone, carpet, cabinets, insulation, flooring you name it its been redone. He doesn't live there and just wants to get rid of it. I have a buyer that is willing to purchase the home for $80,000 from me. My question is, the buyer is going through a bank to get the funding for the $80,000 will my buyer know exactly how much I purchased the home for? This is a lot of money for my first deal and would love to see this deal go through but I am kinda freak-en out. I don't want the buyer to see I bought the home for $40,000 and selling it for $80,000. Can someone please help calm my brain down here.
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- Real Estate Consultant
- Summerlin, NV
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
plus by owning the home you can list it for say 120k and sell it retail and make your self a whole pot full of money.
- Jay Hinrichs
- Podcast Guest on Show #222
