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Off-market deals updated regularly. Join our buyer list for priority access before public release.
New deals added weekly. Members get 24-hour priority access before public release.
New to wholesale real estate investing? Here's what you need to know before submitting an offer.
The assignment fee is what the wholesaler earns for putting the deal together. It's built into the purchase price you see. When you "buy" a wholesale deal, you're purchasing the right to buy the property at the contract price. The difference between the seller's contracted price and your purchase price is the assignment fee.
ARV is the estimated value of the property after all necessary repairs and renovations are completed. It's calculated using comparable sales (comps) of similar renovated properties sold nearby. ARV is an estimate, not a guarantee — always run your own comps and get contractor bids before committing to a deal.
A common rule of thumb: a good flip deal should cost you no more than 70% of ARV minus repair costs. Example: ARV $200K × 70% = $140K. If repairs are $40K, maximum purchase price = $100K. This formula helps ensure enough margin for profit, holding costs, agent fees, and unexpected expenses.
Most wholesale contracts include an inspection period (typically 3–10 days) during which you can inspect the property and back out if it doesn't meet your criteria. Earnest money is usually $500–$2,000 and may or may not be refundable depending on contract terms. Always review contracts with a real estate attorney before signing.
Wholesale deals typically require cash closings within 7–21 days. If you're not an all-cash buyer, hard money lenders can fund wholesale deals in 5–10 days. Hard money typically costs 10–15% interest + 2–4 origination points. Factor financing costs into your deal analysis. Some transactional funding options also exist for double closings.
Before committing: (1) Run your own comps in the neighborhood. (2) Get a contractor walk-through and repair estimate. (3) Review the title report for liens or encumbrances. (4) Check flood zone and foundation reports. (5) Calculate holding costs, closing costs, and financing costs. (6) Verify zoning and rental ordinances if a rental strategy.