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Investing Strategies

How to Renegotiate Your Wholesale Deal

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armsToday I want to share with you a few top-secret ways to renegotiate deals and get out of bad wholesale deals.

Every wholesaler I know has, at one point or another, (i) put a property under contract, (ii) marketed the property like crazy, then (iii) could not find a buyer.  Over the years, I have learned several tips and tricks that will allow you to easily renegotiate your deal.

Here’s how the process is supposed to work (with hypothetical dollar values):

  1. You put someone’s ugly, unwanted property under contract for $100,000.
  2. You estimate that the property needs around $20,000 of renovations, after which someone will probably be happy to purchase the property for $150,000.
  3. You give this property a $5,000 mark-up and attempt to (quickly) sell it “as is” for $105,000, in conjunction with your own $100,000 purchase.

Sounds simple enough, right?  You’ll make a quick five G’s and move on, right?

Not always.

Sometimes reality sets in over the…


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