All Forum Posts by: Zach Rumfield

@Zach Rumfield

a smart agent can help you but you should be able to use Zillow.  just look at sales and you can change to filter to recents.  you can also subscribe to Propstream if you want to do something a little more advanced.

@Zach Rumfield

a smart agent can help you but you should be able to use Zillow.  just look at sales and you can change to filter to recents.  you can also subscribe to Propstream if you want to do something a little more advanced.

Jonathan gave great advice. I would look at solds before going too deep on deals. In my city it's very street by street. Yes you can be close to new construction but that street might not be great. On the rehab I would maybe pay a GC to walk a few properties with you so you can learn and understand the costs. Per SQ FT is too broad to work for you. For getting owners info you can pay for lists or use a service like Propstream. Be prepared to use initial capital to get in contact with leads and market. Also networking and seeing where people are buying deals will be helpful in directing your efforts. It won't be easy but can be done

You've been sold the wrong groceries here. You CAN NOT use per square foot repair costs as a new wholesaler. This is why their numbers are always wrong and no one can trust them. Per square foot can only be used for a gut rehab in the same neighborhood with no structural or other environmental anomalies...so almost never. You can only know the true ARV with MLS access.

Wholesaling is a dead end for 95 percent who start. You can learn things, but if you have no money, how are you holding the properties until you assign them? What's your pitch to someone when you are a new wholesaler and have no buyers to assign to? Long way to go here, but those books will set the table a little better.

What's your goal for wholesaling? How are you going to estimate repair costs on a property in the beginning? How are you going to pinpoint the ARV?

ChatGPT is only a draft tool. It will be a mess if you don't show it to an attorney or get advice from other wholesalers at real estate investing meetups. The truth is, you shouldn't be talking to potential sellers, if you get that far, if you don't have these things set up yet because you can't really help them. Have you read the two best wholesaling books by Jamil Damji and Todd Fleming?

You have to remember that you are new, you are unlikely to uncover something new about your market right now so that pocket of homes might have potential being close to development, but other investors are already on or off it for a reason.