I have one property at the moment, but plan to expand my portfolio. 

Everyone says to find properties and build a buyer's list, but neither matter if you can't calculate the repair costs and also get access to a friend or colleague who has MLS so you can do a proper and real ARV (the other part where all wholesalers fail).

Here are some tips to help you negotiate effectively:Know Your Numbers ColdBefore entering any negotiation, understand the financials of the deal inside and out.

You’re going to have to find a specialized function that can’t be farmed out to the Philippines in the $5-$10/hr range.

I have issues with numbers all the time here, mostly to do with impending property tax increases, so it would be nice to know this too.

Ask lots of questions, read as much as you can, and then ask even more questions.

But a couple more points to consider regarding that1.

However, it adds up quickly if you analyze the cost of turning the unit, marketing, vacancy loss, and your team's time to find a new tenant.

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

I'm in Phoenix and obviously you can see that there are so many people moving from the west coast states out here to a cheaper and better weather market.