All Forum Posts by: Jolee Butler

Hey guys, so I need help with a possible wholesale deal. I need advice on if it is worth obtaining, and what I should offer if it is.

Ok so its a 4 bd/1 bth. Seller is asking 25k for the property. It's in a ok neighborhood and he stated the taxes on the property is $1022. After looking up the property on the county assessor site, it is appraised at $52,600. The arv on the property averages to $47,855. The repairs on the home will come to about $2,500.

Now I feel like I know if its a good or not. I think I'm over thinking it and doubting what I've learned up until this point. Is this a good deal and if so, how much should I start the negotiation at.

@Jerry Holt thank you for clearing that up for me. I just wasn't sure what it meant. 

@Roland Paicely after getting my question answered it wouldn't make sense to move forward on the is property. I'm moving on to others. Thank you for your help guys

Hey BP

I'm looking to wholesale a property through an agent who is related to the seller. I looked up the property on the county assessor website and noticed the total assessment is $11,200. Is this the amount of repairs? If not, what does the total assessment mean?

@Account Closed I just found a mentor here in my area and she is going to provide me with those contracts. Thanks everyone for the information

Hey guys, a few weeks ago I was listening to a podcast that explained how to come up with the arv on a property and now I cannot locate the podcast. I tried looking at some of the forums here and I'm a little confused on how some ppl was explaining it. So can someone please explain to me the best way of coming up with the arv. Thanks guys

Welcome to BP and good luck

Thanks everyone for the info. @Parish Benoit @Matthew Forbes I will get in touch with an agent to get a copy of those contracts. Thanks for the help guys

How can I get contacts for my wholesale deals? Is there a way I can get them online?

Hey everyone, I'm here to network and meet other investors and ultimately get help and information from other investors. Happy investing