Lost on the wholesale road?

[Juan Rodriguez]

Hello everybody, I'm new in BP. This question may be basic and simple for all of you, but here it goes. My short term goal is closing wholesale deals. This real estate strategy is new for me. I've evaluated many, many, many properties. In fact, I have gotten 3 properties under contract. When I calculated the basic ratios (e.g. CAP, CoC, etc.) I used 30%-35% from gross revenue to estimate expenses of 2-3 multi-unit residential. Reality, 100% of time expenses were under-estimated. I've been recommended using 50% to estimate expenses. If I do this none of the properties that I have evaluated or I'm evaluating pass. I've been looking in Ontario using ICX and MLS. Question: Where are the good deals? Is there a web site I don't know about? Is there a way to find good opportunities? I'm not looking for a free pass, I understand wholesaling takes a lot of work, but I feel that I'm doing something wrong. Thanks.