- October 8, 2018 at 6:26 pm #260824
How much on average does the wholesaler have to spend during the deal?October 8, 2018 at 6:33 pm #261721
Thanks for checking out our site and posting on the forum. I wrote an article on how to wholesale real estate that I think you will find helpful. https://fitsmallbusiness.com/how-to-wholesale-real-estate/
The costs for a real estate wholesaler during a deal depend on a number of factors including what the wholesaler and seller work out, what’s legal in the state they’re doing business in, if the property needs repairs and how much the property is selling for. Some wholesalers only spend money on advertising and marketing, without purchasing the property outright. Others purchase the property or pay the seller something and then flip the property to an investor. I would recommend speaking to other wholesalers and investors in your area to find out common practices and speak to a real estate attorney to ensure you’re in compliance with local laws.
All the best,