Wholesaling ARV and Repair costs

[Candace Hall]

Hello everyone,

I've made a few Wholesale Deals while working with a very generous Mentor. But now I am curious about a few things I read in a few Facebook Group post.

The first gentleman stated that "he doesn't even bother with the ARV and repair costs because buyers are going to do inspections anyway"

Then another gentleman let me know that he never speaks to Home Owners. He said "He will do his due diligence on Zillow and other sites, send the home owner an Offer Price, if they agree he makes a deal and if he doesnt then he just moves on"

Im trying to see how realistic this is. And although I would prefer to do things in a way that will be convenient for all parties involved. I would also like to accomplish getting more deals.

Please feel free to chime in!

[Ray Danishyar]

I think not doing an ARV and repair cost is like doing surgery and not bringing the right tools, hoping the person you are operating on doesn't need the tools you don't have if that makes sense. Also in terms of someone sending an offer letter, that's just a numbers game. You just send out as much low ball offers as possible and hope someone accepts (usually the offer is so low that the arv doesn't matter much because you are offering a deep discounted offer to the homeowner).

The way I do it is through digital marketing mainly - reaching out to motivated sellers and focusing on closing them. You get quality leads if done correctly, and work directly with the homeowner whose in need of selling their home.