I took a tax sale attorney to breakfast and he told me all that I felt I needed to get started.

The MAO formula (70% of ARV Minus Repairs Minus Wholesale_Fee) only makes sense for fix-and-flip deals.For rental deals, you'll need to calculate the metrics that matter to a landlord, starting with Cash Flow and Cash-on-Cash-return.To do this you'll need to estimate Income and Operating Expenses to get Net Operating Income (NOI).

I asked him about it and he said he didn’t do that.So I started looking at DSCR loans for this property in TN. 

I want to learn, then start REI myself.

I'm particularly passionate about starting my journey and finding the best markets, but above most having fun and gaining experience along the way! 

Hi all,Congrats on starting your real estate journey! 

If you're considering multiple markets look at the apartment and SFH inventory, starts, and vacancy rates. 

Great job starting at such a young age.

My wife and I have started a company, Margherita Homes, where we provide realty services, construction services and home care services, plus we invest.

Welcome to the real estate industry, and congratulations on starting your wholesaling adventure.This journey will be both challenging and rewarding, offering you countless opportunities to learn and grow.