Small wholesale — $20.1k payday
A wholesaler posted an assignment that netted $20,100: an MLS‑listed $199,000 house under contract for $170,000 was assigned to an investor at $185,000 who plans a $125,000 rehab targeting a $400,000 ARV. (x.com) The post included the 3% commission figure and the original MLS list price as line‑item details. (x.com)
A real estate wholesaler said he made $20,100 by putting a listed house under contract and selling that contract to another investor. (x.com) In the post, Jacob Naviaux said the house had been listed on the multiple listing service at $199,000, then tied up under contract at $170,000. He said he assigned the deal to an investor at $185,000, creating a $15,000 spread before other line items. (x.com) Naviaux’s breakdown also showed a 3% commission and other credits, bringing the stated net to $20,100. The investor, he said, planned a $125,000 renovation and was targeting a $400,000 after-repair value, the industry term for an estimate of what a home could sell for after work is finished. (x.com; rocketmortgage.com) That structure is the core of real estate wholesaling. A wholesaler signs a purchase contract with a seller, then assigns the right to buy that property to an end buyer instead of taking title and closing on the house. (rocketmortgage.com; legalclarity.org) The assignment fee is the money left between the original contract price and the price paid by the end buyer, adjusted by whatever commissions, closing costs, or credits are built into the deal. In this case, the posted numbers show how a relatively small spread on paper can still turn into a five-figure payday. (x.com; rocketmortgage.com) The investor’s math points to a different business model. Buying at $185,000, then spending $125,000 on rehab, would put total cost near $310,000 before financing, carrying costs, and resale expenses against a projected $400,000 exit. (x.com; rocketmortgage.com) That gap helps explain why wholesalers and flippers look at the same property differently. The wholesaler gets paid for finding and packaging the deal quickly, while the end buyer takes on renovation risk, holding time, and the chance that the final sale price misses the target. (legalclarity.org; rocketmortgage.com) The post also underscores that this was not an off-market lead pulled from a private seller. Naviaux said the property was already on the multiple listing service, a detail that matters because listed homes are visible to agents, investors, and retail buyers at the same time. (x.com) For wholesalers, that makes the takeaway less about a hidden house than about negotiation and speed. The money in this deal came from controlling a contract on a listed property long enough to hand it to a buyer who believed the renovation and resale numbers still worked. (x.com; legalclarity.org)
