For all you BP'ers that have access to MLS, how do you sift and sort to find your SFH deals.

What sort of deal is the seller offering?

Their retort of course always is you can fix things over time but that minimizes and doesn't resolve that the expenses will be higher so if they are motivated I work them down on price for my clients and if not we move on to something else.

FM generally claims to have gotten an appraisal (or some sort of valuation) prior to listing and adjusted for damage, repairs, etc.

Hello Everyone,New here and am trying to understand the motives of a wholesaler.

Any help, advice, motivation, and inspiration would be great.

Motivated ROOKIE here, eager to learn; looking forward to the journey, thanks!

They take what they feel are comps and sort of average the price after adjusting for differences, then add a factor for excess or less Sq footage.So if 6 close comps sold for an average of $100K and averaged 1500 sq ft, all else equal, they would start at 100K then if the subject property was say 1650 ft they would add like $20-25 per foot for the additional 150 ft.

Loans are sort of like power tools - used correctly they can let you accomplish great things, but if you aren't careful you can get badly hurt.

He has not had a late payment in over 2 years from them.He is willing to sell it for 55K (he owes about 53K) with at least a 5 year balloon, so we can get a couple of years of rental history and then refinance into a traditional loan of some sort.