HELP! Can I do this deal???

[Anthony Bell]

I have a seller that contacted me yesterday thru my website looking to get rid of her property because she was recently married. It can be a killer deal but the only problem it's is for sale on Zillow so I'm assuming she has a RE agent. (It's been listed for 222 days) I can get it for less than listed but before I put any real time into this deal I just need to know if I will be able to wholesale this deal still? Or even if the seller can still sell it FSBO?

[Natalie Kolodij]

@Anthony Bell

You just need to back into an offer. 

You can list on Zillow without being on MLS. So it may or may not be listed. Either way though...

• Find some accurate comps to figure out your ARV
• Review what repairs cost of remodel will be. This is the trickiest part- you may want to seek help from a local mentor who may be wiling to walk you through it. 
• Back out your wholesale fee

Flippers normally want properties at 70% of ARV less repairs

So if the ARV based on accurate comps is 100k and it needs 10k in work.....and you'd like to make 2k....

Your offer would be $58,000. 

Don't get caught up in the excitement of making a deal happen. Find solid numbers that wrok- and see if the deal can hit those numbers. If not- it's not a deal.