Wholesaling deals that makes since

[Carla M Richardson]

Hello all: I'm relatively new to real estate and am currently doing wholesaling. 

I already have a potential seller and I'm already confused about what to do next:

1. What is the best way to figure the ARV? Or is this extremely necessary during initial negotiation? If not, when would this become of importance?

2. How would I negotiate a deal that "makes sense"? What does it mean for it to "make sense"? Is it that a mixture of  making sure it's selling at a reasonable price to get a lot of interest as well as being profitable for me doable for the buyer?

3. If I talk to a realtor, would I have to pay them too?

4. I was told not to worry too much about the repair fees when deciding the price initially, as that would be better accessed by the buyer. I'm wondering if then a good strategy would be to have a serious buyer put a down payment, come see the house and get it appraised or do their own assessment and then adjust the selling price afterwards.

I just need some clarity before I start attempting to build my on this deal and future ones.

Any and all responses are welcomed.

Also, I am interested in a mentorship so please feel free to contact me if interested.

Thanks in advance.

Carla richardson

[Carla M Richardson]

Wholesaling is not illegal. It's about how you manage your contract. Letting the seller know: 1. That you're going to make a profit 2. Making them aware of how you go about marketing the property. 3. Making sure they are in agreeement with the numbers. I appreciate you concern with wholesaling though. But I need more answers as to how to manage my deals.