Learning how to evaluate. Need some advice.

[Kenny Breeze]

Hey everyone, two questions here. When your evaluating a wholesale deal, what should someone do if they don‘t how much to enter for the flippers profit, because they don‘t have a cash buyer yet? Is there a rule of thumb like 15K or 20K to insert.

The answer might be find buyer first then look for a deal, but I here so much confusion on that specific topic as well: What to look for first, buyer or deal? Some say find a buyer first so you have them ready to buy your deal. But others say you find buyers once you have the deal, because with a deal buyers will want to work with you, instead of you just asking them without a deal: "would you like to be on my buyers list?". If someone could clarify that would be awesome.

Thx for the help.

[Erich Beyer]

Tons of people go around asking people to be on their buyers list. A small fraction of these people ever find a deal. The way you show you are serious is if you have a deal. Also, if you get a deal, you post it on zillow rental manager/Postlets or whatever it is this week and Craigslist and you will have buyers literally lining up at the door (I've seen it). In this market investors are having way more trouble finding deals than anything else. Bottom line: get a deal. If it's that great a deal and you can't find a buyer it's not a deal.