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Wholesaling Fees

roland77 profile photo
  • Sunday, January 21, 2007 @ 02:26 PM EST
  • 2 Comments
I am looking to purchase from a wholesaler by paying a certain percentage of the estimated profits on the deal as their fee. What is a reasonable percentage of the estimated profits to pay the wholesaler who found and negotiated the deal? I am in northern virginia.
Thanks!
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  • Stockpro99
    Stockpro9921st January, 2007
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    pay as much as you can afford if you want to do more business with this wholesaler.

    I have no set fee that I pay just a formula that I use. 80% of ARV (-) repair costs is what I need to make a profit. If I pick up the property for less then that spread is what I will pay the wholesaler out of.

    I have paid 2k and 20K

    Good Luck
    Randall
    www.homechamps.com

  • roland77
    roland7721st January, 2007
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    Thank you for the responses!

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