Pricing your Wholesale Deals when wholesaling houses for quick cash

It’s important not to over price or under price your wholesale deals. If you under price you cut yourself short on extra profit you could have made, if you over price the deal doesn’t sell. There is a very fine line on how to price your wholesale deals. It takes practice and you’ll get better at it over time.

The first step in wholesaling houses is to accurately estimate your repair costs and after repair value. You’ll need to do this to make your initial offer to the seller anyways, but deserves a second look when pricing your deal. I like to put myself in the shoes of a rehabber by thinking about what the wholesale deal will sell for once fixed up and add in my profit and some cushion to come up with the price a buyer would pay.

For example let’s take a wholesale deal that will be worth $130,000 fixed up. If the house needs $30,000 in work (most need at least this) that brings us down to $100,000. The rehabber will want to make $30,000 and will want some cushion of about $10,000 to pay the realtor and holding costs, so that means a buyer would be willing to pay $60,000 for this deal. We would offer $40-$50,000 depending on the situation. If we’ve done our job the seller we’re dealing with is motivated and has plenty of equity, but that’s a conversation for another day.

Please feel free to ask any questions about this example, subject, or any other question around wholesaling houses! I’m here to help. If your serious about wholesaling houses as a career or way to make quick cash make sure to buy my course right now. It has EVERYTHING you need to know to make great money wholesaling houses today! It’s jam packed with every little detail you need from front to start to how to find wholesale house deals, how to find deals, how to get your deals sold lightening fast, and so much more. Plus with the 30 day money back guarantee you can’t go wrong!