All Forum Posts by: Account Closed

If your wholesaling and just starting out, the best properties to work with in my opinion are FSBO's. You can find these through direct mail marketing, bandit signs etc.
There's a lot less paperwork and hassle involved. If you've got specific questions about getting started, I'd love to help in any way. PM me .

Hey Monique &Tabia, Im from the DMV. Lets connect. Im doing deals in Baltimore City Baltimore County, DC and VA. If I can be of any assistance regarding getting you going and helping you close some deals that would be great! PM me. By the way Andy Massero is the man, check out his stuff

Hey Aaron,

This all boils down to people skills and not being afraid to ask potential business partners what you need. Here's exactly what I did when I first started

I found a general contractor and developed a business relationship based on potential referrals and work on properties we may not be wholesaling.

I explained to him that I needed repair estimates done, but I didnt want to waste his time because I most likely would not be closing on the property personally. I asked exactly what areas of the property he would need to see in order to make a rough repair estimate. (repair estimates are always rough in wholesaling because the end buyer makes the final call anyway). We created a checklist and I did a video walkthrough of every property I needed estimates for highlighting the specific areas he told me he'd need to see.

If you want, you can offer to pay him $20 per house (through paypal of course, do not drive across town) just for watching the video's and providing his opinion and estimate. Make sure to ask questions and get an understanding of how the contractor is estimmating. After a few of those you'll be able to estimate your own repairs.

Hi Joseph send me a message and lets connect. Im wholesaling In the PG County Baltimore and Northern Virgina Martket. I'd love to speak with you about whats working for me and perhaps partner on some deals

Im looking to use this formula to calculate my offers on deals to cash buyers who fix and flip. It was suggested that I calculate fixed costs at 15% of the ARV, and the end buyers profit at 30% of the ARV. Is this reasonable? My formula for calculating offers would then be

100K x.30 = (30K Buyers Profit)

100K ARV x.15= (15K Holding costs and fees)

10K-(Repairs)

5 K- (Assignment fee)

100K(ARV)-30K(buyers profit)-15K(Holding Cost)-10K(Repair Cost)-5k(assignment)=40K

Is the 15 percent holding cost eating up too much of the profit or is this realistic?