I received my largest check to date on a single property today... $25,000.00!!!
I have done many wholesale deals over the past years making 5k to 10k and one time I got a wholesale fee of 12k on a deal. But I did this deal a little different and it resulted in a check for 25k!!!
I had a 5 unit building that I was able to negotiate down to 135k. That's a huge discount considering this property only needed about 40k in rehab and had the potential rental income of $5,500 per month. So instead of simply wholesaling the deal I found a partner who had the cash to purchase and rehab the deal. I allowed him to take title to the property since it was his cash and I simply put a $25,000 note and mortgage on the property to protect my interest in the property.