Wholesale real estate

[Thomas Hadley]

I am very new to this and I have found what I think is the perfect opportunity. I was scrolling through Zillow and found a 5 bedroom 2 bath home listed at $215,000. The seller has an ARV appraisal at $290,000, but I'm not sure how to initiate the first step and to go about getting this deal.

[Jonathan Greene]

Your first mistake is this - "I was scrolling through Zillow". You don't find wholesale deals on Zillow. Everyone, their mother, their grandmother, cousin Skippy, have all seen that on Zillow. It's either listed on the MLS or a FSBO and neither are going to work for wholesaling. If you see a differential in value like that, it's because it's on a sinkhole or has a cracked foundation, but you did not find the deal of a century to wholesale on Zillow, that is for sure.