Questions for Wholesalers

[Adam Lowe]

Hi everyone I’m working to get some whole sale deals under contract and have a couple questions: 1. How do you figure out your MAO? I’ve been using 80% of the ARV as my benchmark for deals...it hasn’t been fruitful. 2. Where do you pull comps and more depth info without the MLS? I’ve been using Zillow and the help of an agent to figure out things like when a house is in a flood plain and things like that. How do you do this without the MLS? 3. Any unique strategies or software that might help me close a deal? Any advice helps, even if it doesn’t answer my questions directly. Thanks!

[Ned Carey]

@Adam Lowe a common formula that many rehabbers use when they buy is the one @Trey Crusey mentioned. The "My profit" is actually your profit as a wholesaler as your buyer will use the first part ARV X 70% - repairs = MAO for a rehabber, Your search hasn't been fruitful because wholesaling is hard. Currently there is a lot of competition for investor deals.

Regarding comps the best place is the MLS. Otherwise you have to do the best you can with Zillow, Redfin, Trulia etc. as well as pubic records.