Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

5
Posts
0
Votes
Phedeline St Felix
  • New to Real Estate
  • Fort Lauderdale, FL
0
Votes |
5
Posts

Any Advice in When It Comes To Numbers

Phedeline St Felix
  • New to Real Estate
  • Fort Lauderdale, FL
Posted

Hello my name is Phedeline! I've been studying wholesaling since April and I'm in the South Florida area which I heard is kinda hard to start over here. I kinda got the whole concept of wholesaling it's just hard for me to calculate ARV & MAO because I seen some people use this formula ARV x 70% or 80% or 90% - repairs = MAO but I still feel like I'm not doing it correctly. In my area there is a lot of pre foreclosures which is a property problem which I know but it's so hard to find that one person 😂 also I have to do virtual instead of door knocking cause I'm currently on house arrest. And trying to find something for me to do and since researching I gain so much interest in real estate oh my goodness I been on craigslist and propstream and Zillow but don't have enough to start. I wanted to know if there's anyone in the area that can help me out a little to find leads and if I should branch off to a different market in wholesaling if so where I've been researching places that maybe I could wholesale in but no leads. I'm trying hard not to give up because I obtain so much knowledge and I'm very interested. Any advice

Most Popular Reply

User Stats

13,769
Posts
19,908
Votes
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,908
Votes |
13,769
Posts
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

My best advice, and this applies to everything REI, is don't make decisions based on numbers with %%% behind...they lie. Until you have to pay for something based on a percentage of something, always base your decisions on numbers with $$$ in front.

Loading replies...