wholesale

[Alea Alexander]

hi I am extremely new to real estate, I want to start doing wholesale flips I understand the concept of how to do it very clear but I am stuck on where to get contracts from and how to do the assignment deal.....and also can somebody break down a double close

[Robin Wilk]

Don't make an offer until you've seen the place and have an accurate idea of the repair costs then use this formula when considering what dollar amount to purchase the property at:

ARV (After Repair Value) × 0.70 - Repairs (Estimates) - Your Fee (Usually between $1,000 and $10,000) = MAO (Maximum Allowable Offer).

Good luck!