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Updated over 2 years ago on . Most recent reply

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

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,537
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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.

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