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It’s sales but in order to make a profit you pretty much have to rip off the seller. The used car sales of the real estate world.
Just paid a wholesaler 40k on a small multi family deal. I’ll make 100ish when I refinance though and have no money left in deal so was ok paying it
Where is this located?
It’s a volume thing honestly if you are able to contact enough owners on vacant, distressed, tax delinquent, etc properties you’re bound to find people who no longer want to deal with the properties or have no use to them and don’t mind selling. I get post cards from wholesalers all the time on the several properties I own in Houston.
Just paid a wholesaler 40k on a small multi family deal. I’ll make 100ish when I refinance though and have no money left in deal so was ok paying it
Question what if the deal was $60K would you have still paid it if you’re going end up make $100K?