Is this a deal or NOT a deal?
THAT is the million dollar question!
I get approached all the time with new investors wanting to wholesale a property to me. When I run the numbers, I find there is a NEED for people to get educated in the deal evaluation.
Here is an example:
$450,000 List price
$425,000 Contract price
$10,000 worth of repairs
Is this a deal or NOT a deal?
A $15,000 discount from the list price is nothing to get excited about.
What about this example:
$350,000 List price
$315,000 Contract price
Is this a deal or NOT a deal?
A 10% discount is not something I would get excited about.
There are many ways to get bigger discounts on price or terms. To find out more come to our latest class to you will know the answer to, Is this a deal or NOT a deal?
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