Buyers wanting $50K...too much?

part of it probably depends on where you are doing the wholesaling. the east and west coasts probably can support those kinds of deals, but i'm in the Mid-West and that's a whole house!!!

You get as much as you can in as little time as you can. Depends on the circumstances.

What you need to mostly concern yourself with is what and how often you're getting paid. If you can get a buyer as much as they can on a constant basis, thats a question you won't ever have to ask

If that's on a $50,000 property I would say that's a little high. However if its a $300,000 property then that's different. I find that most investors doing fix/flips like to make a minimum 15% NET. If they can do that they will be OK and so will you. The fun part is finding those deals, getting them under contract and closing! If you assign, double close or take it down yourself you must be making offers before ANYTHING can happen.

Michael Mangham
MD Home Acquisitions LLC

http://www.mdhomeacquisitions.com Sellers site
http://www.mdhomea.com Sellers site
http://www.mdhacq.com Sellers site
http://www.mdhomeacquisitionsbargainhouses.com Buyers site
http://www.mdhomeacquisitionshousehunter.com Bird dog, doorknocker site

I agree with the last two posts. If you have a world class investor, they are going to be looking for maximum profits. That may make it more difficult to fulfill their needs and reduce the chance of closing deals regularly. On the other hand if you have a cash buyer that consistantly has cash for you to use and they don't have such high expectations they should be a higher priority on your list. This is what Matt Larson explained in the Edge Program. Hope this helps.

Greg Rowe

Elk Grove, CA

We agree with the posts from all who have responded on this question. We have to mention a knowledge of the response from pdqserviceinc. We too are in the Midwest and $50k will get you a single-family home. If we take our efforts to the St. Louis area a few miles away and look in some neighborhoods there are homes in the $300,000 and up range that will support a $50k spread. It depends.

Jim and Alice

Sounds like you live in California like me! If so, like everyone else said if the home is going for 300,000 or more then it's understandable. I have a buyer with the same looking at 60-65% ARV (50-$100,000) profit. The homes out here avg $450,000 and up!

Judah,

No, I'm in good ol' NJ, famed land of #1 C.O.L.!

Vincent