JUST STARTING

If it's a great deal, get it under contract and market it to your buyers (if you're wholesaling). You don't need an agent to get a property under contract unless it's on the MLS, then you can work the listing agent.

Easiest way to go is to find great deals by marketing to motivated For Sale by Owner properties.

Most importantly, make sure it's a great deal. Make sure of your calculations on the After Repair Value (ARV) and rehab.

Good luck and let us know!

- Tom

Thanks Tom I appreciate the input I will absolutely do that

First you want to run the numbers to make sure you have a good deal. Get at least 3-5 comps, you can get comps from an agent or try a couple of sites to get some comps. You also have to go to the property and check the repair cost. Then you get the deal under contract and market it to your buyers. Good luck

I am glad you are asking questions on this forum. This is a great place to get questions answered.

Good deals are out there and some of the questions have been answered.The formula looks like this:

ARV- After repair value-rehab and/or repairs-holding costs-closing costs-your profit= Maximum allowable offer or MAO. Go below this number with your offer. However, if there is an agent involved the agent(s)need to be paid (3-6%). Also, if you are wholesaling these deals, your end buyer needs a large equity position or most of the profit, since he or she is doing the work and taking the risks. Make it worth their while and they will want to come back for more. My best to you on your real estate investing career.

Patrick

Locating a "stellar" agent is a good move, but do not let that hold you back if you find some good deals. In fact, submitting offers through the listing agent can help you to find a great agent. Seeing how the agent works first hand is worth hundreds of individual recommendations.

One thing I would like to stress to you is the importance of a buyers list. You want to have a good solid buyers list so when you do find a great deal you have buyers to market it to. There are many, many strings on this forum that deal with how to build a buyers list, and I would suggest going over them and implementing some strategies to help get the buyers list built. This will ensure that when you find a great deal you are able to assign it over to one of the buyers on your list.

Great job. antanid......also if your still a little concerned about that stellar agent remember to re-read in the book 30days to real estate cash by dean inside where Matt gives you very valuable tips on how to screen the agents to find that one agent who could be helpful......

Hi,

I'm a lic. Rltr here in Fl. available to help investors like yourself and your friends.
Call me or email me with your criteria.

ALOT OF GREAT PRICED ON STRUCTURED HOMES, MOBILE/MANUFACTURED HOMES AND CONDOS THROUGHOUT CENTRAL FLORIDA!!!

Excellent the power of this site and our DG Family