Is this a good MAO? Want to make sure I don’t offer to much..

[Alex Finken]

I am looking to make an offer on a property. I am new to wholesaling and this would be my first deal. 

I am looking to offer 115k.. but don’t want to offer to much, and no be able to assign it to a buyer and have to back out ... 

if you'd like to help me out , send me a message , and I can send you the address of the property. Still trying to get finding the ARV down, repair cost , etc.

[Jason D.]

@Tom S. is exactly right. You're MAO will likely have to be 60% - 70% of the properties renovated value, minus all renovation costs, minus your fee. That'll be your best shot at getting a deal. You need to be very good at estimating renovations and value, otherwise you're going to fail much more often than you succeed. And as a wholesaler, every time you fail to close a deal that you've written a contract on, your reputation suffers. There is a lot of work and education that is needed to be a successful wholesaler. Make sure that you've done the groundwork before writing contracts. Just my advice....