Wholesaling Fees
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!
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
Thank you for the responses!