OfflineCan anyone speak on the task of actually negotiating an offer to the seller and to the end buyers in wholesaling deals. What is involved to determine the amount offered to the seller and how to determine the amount one should expect/request from the end buyer as their profit? How to go about the negotiation process?
Thanks.
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Verna (newage8767)
But my spead may be 40% at times if it's a really good deal. Just know your market and comps really well and you will be fine.
To get something you've NEVER HAD
DO something you've NEVER DONE.
Good stuff, what I am going to do now is ask my agents to give me foreclosure comps or REO sales & also HUD sales where i am making offers, & offering below those prices a little bit, not a ton, like Matt is teaching now.
If foreclosure sales & hud sales are going for say 100k in my area then I will offer say 85k-90k for them. if i snag one then my fee is going to the diff between my offer & foreclosure sales for my subject prop. in other words i will wholesale it to my buyers for 95k & make 10k wholesale fee.
and if that doesn't work I will increase my offers a little bit, say 5k until I get one offer accepted out of 25 more or less. anyways my grain of salt. hope it helps.
Tony
Go faster do more! GFDM!