Re: Getting Started: Wholesaling

[ Follow Ups ] [ Post Followup ] [ CREOnline News Group II ]

Posted by RalphL on March 19, 2009 at 04:09:32:

In Reply to: Re: Getting Started: Wholesaling posted by Tree-c on March 16, 2009 at 21:46:32:

Run you numbers means to see where they will sell vs what the BPO is on the property. You need to be able to pick the proprerty up for around 50-60 cent on the dollar in order to make it attractable to most investors. if you get it withing that range tnen you will be able to include your profit and sell / assign it for 70 cents on the dollar.

I suggest you get some reading materials and line up some investors before you proceed.

Also make sure the contract is assignable with a backout clause in the event you can't get an investor interested in the property so you don't have to own it. If yoo are not in the position capital wise then you really want to be sure you do that.

Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

[ Follow Ups ] [ Post Followup ] [ CREOnline News Group II ]

CRE Online, Inc. © 2007, All Rights Reserved.
creonline.com