All Forum Posts by: Albert Paul

Hey Octavia, there is a basic formula I was taught to use to find the ARV which is:

Add the 3 highest comps in area

Divide them by 3 to equal ARV

ARV × .55(percent) to .70(percent) - repair costs(sqft×$7-$10) - $10k(your commission) = your offer

I learned this from Sean Terry's flip2freedom book and podcasts.

Not saying this is the best or only way but I haven't had any issues with buyers or sellers since implementing it! 

Remember, everyone has a bottom line number and you should too, you don't work FOR them you work WITH them, if there is no money to be made then it's not the deal you want to be in. 

Also, the best way to find out what the average price range is, is to ask for their price points, it cuts down on the guess work and makes better use of everyone's time, especially yours!

Also check out findcompsnow.com, a fellow member referred me to this site!

Hope this helps!

Thank you Bridget, no I haven't posted an add on CL yet but if my luck is as good as his, then I will get straight to it! Thanks again for the advice, it is very helpful!

Thanks Ned, will do! Are there any posts in particular that I should be looking for, or is it something that i'll know it when I see it?

Thanks so much Jeff and Terry, I have had some success thus far implementing those strategies and I will keep working to perfect it! 

Thanks Eric and Ronnie. I appreciate it!

I'm new to the community, so I know this has already been covered but I am starting out as an investor wholesaler, I have properties under contract but always find myself having to bring in another wholesaler to find a CASH buyer. Don't get me wrong, I have no problem, splitting my profit but for once I would like to be able to call on my own list of buyers to get the funding! I guess my question is, how do I begin to build a cash buyer list of my own? Where do I start? 

Any advice and suggestions would be greatly aappreciated!