Initially the bank used Zillow and wouldn’t listen to me about the houses value.

It takes the entire group stepping up, making calls and voting if they can.So join and support your local REIA group, where ever you invest in the country. 

I've been presented with an opportunity to invest in a 7 acre parcel on a mountain in NC, and need some help evaluating it. 10% annual return on the $175k initial investment, and 50% of the net proceeds of each lot sale (12-14 lots). 

One of the first areas I reviewed was my initial purchases and I believe I made a mistake on a lot of my first purchases and thus wanted to share.

But RE tends to be slow to sell and difficult to value because comps are never very similar.As I mentioned, our initial inclination was to sell it, but I'm very averse to the capital gains tax we'd have to pay on it.

If you are worried about the due on sale clause, create a Land Trust for the property where you are the initial beneficiary, then make a quiet assignment of beneficial interest to the LLC later on.Create a multi-member, manager managed, holding LLC in a state like WY (great charging order protection) that will be the single member of your two LLCs.The majority member of your holding LLC will be your living trust (ie you).

Get familiar with the process and follow the steps completely.

Hey BP so I simply wanted to ask what are the steps 1by 1 when trying to wholesale a listed property.

Just for initial calculation purposes.Again, I don't want someone to do the work for me, I just would like to know where each piece of the puzzle is sourced from, so I can accurately evaluate deals.

Close the deal and focus on the next step of rehabbing within your estimated budget.