i’m pretty much a newbie at this just been trying to read as much as i can about all this. how do I calculate if the things I find are good deals? is there a certain equation that I have to use to check if what i found is a deal or not. I heard that there is actually an excel file that i can use to find this out… any help would be great. thank you
then you need to find out what other investors in your area are buying at. I’d say a good rule of thumb is below 70%FMV and you’re in the green. for a wholesaler 60% should be about the safe zone. and this is after repairs.
so basically for numbers sakes if a home is 100K needs 10K in repairs offer 55K, the 5K buffer being miscellaneous fees you might encounter just to be safe.
might wanna invest $300 in getting steve cook’s wholesaling real estate course, small price for a lot of info, I got his version one a couple years ago and it’s priceless.