All Forum Posts by: Andre Green

This will be my first full year in the wholesaleing business.

I want to complete:
5 whole sale deals
1 sub2 deal
and a couple other types of real estate deals.

Pay off all consumer debt excluding student loans and have $15k saved up in my bank account.

Oh one more thing. Acquire my first home and stop wasting my money on rent!!!

Ty the author of the book is John Maxwell.

Ty great job man! It just goes to show that you have to keep on "Failing Forward" (great book btw) because success will eventaully show up. This kind of stuff is inspirational.

Thanks for putting a little more gas in my tank of motivation.

P NW, thank you soooo much for the advice! I know the areas I am looking in extremely well because I have done loans there when I did mortgage finacing and they are all in my back yard so to speak. This wholesale side is new to me but through my resources I can get deals done as long as I am using the right calculations which is why I want to get the basics down before I pull the trigger.

And I completely agree that the RE business is not always about putting together the spreadsheets which is a lesson I am in the midst of learning now.

Keep the advice coming guys! :-)

Daniel how would you Master Lease a property without owning?

Well Curt the reason why I posted the question was because I realized that i was in a risky position, and as I stated before these were deals I was looking into not bought. I was looking for some advice as to how I can do this right.

James I have been using values of properties recently sold in the area then deducting the repair cost and keeping my max price in mind during negotiations. Due to the fact my market has so many short sales and forclosures the sold prices tend to have a huge variances which is why i posed the question of what I can use or what do the experienced investors use to arrive at the ARV to make sure I'm not setting myself up for a hugh headache!

I need a little assistance with doing some deal analysis on some properties that I am looking to wholesale. I know how to arrive at the price I should purchase the property for but I am having an issue calculating what the ARV is going to be so I can set an attractive selling price to get the property sold quickly.

Should I base the ARV soley on the price of other properties sold in the area within the last 6 months?

Should I be looking at square footage, etc?

Is Zillow a good measure for the value?

Any help and advice will be greatly appreciated!

Steve thanks a bunch for pointing me in the right direction!

BP is the best site in the WORLD! Great job Josh! I have learned so much and I will contiue to learn from the experienced investors here.

Drenda Congrats on all of your success! I can't wait to have some success stories of my own to share.

Where on BP can I find the list of Banks with the REO's that you mentioned?