18 and Wholesaling

[Quinton Huntley]

I'm 18 and want to get started investing in real estate. I don't have enough money to BRRR anything yet so, I thought what, better way to get started than wholesaling. I went around the area I live a collected over two pages worth of address of run-down houses. I went back home and made sure they were not recently sold or the bank-owned them. I also went on Zillow to get an idea of how much they would be worth all fixed up. I'm working on a postcard to send to offer to buy their property. But, my question comes in when someone wants to sell their house to me how do I line up another investor to buy that property quickly? Also, if you already wholesale, how much do you try to buy the property for? For example, if a house's ARV is 100k and needs about 25k worth of work and, you need to leave some room for the investor to make some money how much would you profit, and what would try to buy it for?

[Jonathan Martin]

@Quinton Huntley Hey Quinton you can use the 70% rule (look it up on BP) if you not familiar or use a Sean Terry tip figure out the ARV and offer seller 43-53% of ARV. Your price to buyer would be 58-63%. Once you get it under contract post it on BP marketplace, FB marketplace, or Craigslist. If it's a good deal you will have no problem finding a buyer.