Help me NOT over analyze, please...

[Jessica Gourdine]

Ok, so, I've been reading the books and blogs, searching Bigger Pockets, listening to the podcasts, doing my research and I'm more than fired up to finally launch my investing career by first learning and gaining success in wholesaling. There's only one thing that's holding me back.....ME! I guess I'm nervous and, for some reason, I feel like I need to know EVERYTHING before I move forward; the dreaded analysis paralysis. But I'm determined to make this happen so I'm hoping that, to help remove some of this anxiety, you guys can give me your expertise on a few questions I have. I'm sure there will be many additions to this list, but here it goes:

1. What info goes on to a postcard that doesn't go in a yellow letter?

2. How often should I mail to my lists and how much is too much?

3. Is the same info sent in each mailing or should there be different info in, for example, each yellow letter or post card? Or is it best to alternate between letters and postcards?

4. I want to make sure I understand ARV and how to come up with an offer price? If a house I'm interested in is valued at $100k, I'd take 70% of that ($70k) and then subtract whatever repairs are needed (say $10k), and that would be the price I offer to the buyer ($60k); so the price I offer to the seller would be less than that (say $50k) and that's where I would profit?

5. What does it mean and why is it a plus side to have a high equity owner?

6. As a wholesaler, what other costs do I need to factor in when I'm setting the price I'm presenting to a buyer? Does the wholesaler usually pay any closing costs or title fees, etc?

7. What are a few questions I should always ask sellers when they make that initial phone call?

I believe that's all for now. Thank you guys for reading this long post and for the great help I know you all will give me!