I am looking for help on confirming a deal that I may have found

[Alfredo Cervantes]

Hello Everyone, 

I am just getting started in wholesaling and am wondering if anyone is available to help me out with going over the numbers on a property I came across. At initial glance it seems like a good wholesale opportunity as the property would need TLC and would render a high ARV but I am looking to see if anyone is willing to help me with making sure that my initial thoughts are valid. Any help is greatly appreciated, thank you!

[Maurice Smith]

@Alfredo Cervantes First recommendation or point of feedback, for wholesale you really want to start with off-market properties (if not strictly). There are a whole host of issues that can stem from attempting to wholesale on-market properties. You could build up your cash basis wholesaling off-market and then take down on-market properties when you can through some cash around.

Nevertheless, you asked for help to ground-truth your numbers. You can PM me, I'm always willing to help those starting out. There are some factors you will need to consider that are specific to your market, such as do you use 80%, 75%, 70%, etc. Things like that are market-driven, but I can shed light on the basics of structuring your deal.

Again, I'd look off-market...if you so choose.