Im a new Real Estate with a buyers list

Im a new Real Estate with a buyers list

North Hollywood, CA 路 Member since 2017 路 10 posts 路 1 vote

Hi, im a new real estate agent working with a broker who buys and flips and wants me to be an extension of her but never has the time to show me how to do the numbers. So I feel unclear. 

She forwarded me buyers so i can start my own buyers list, so i have that, i have access to the MLS, i can start an automated search sent to me so i can then analyze them and try to get them under contract so i can pitch them, but heres is my dilemma, how do i pitch a deal i cant seem to understand if its a good deal to pitch or not? how do i analyze a deal. how do i know what numbers to enter in the bigger poket calculator, what would it cost to rehab, how do i know that.

I have investors ready to buy, i go on zillow to try and find off market deals, but again how do i know if its a good deal or not. 

So so confused and unclear,  any help i would appreciate ;-(

Thanks

Carmen R

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Nabil SuleimanBusiness Member
Real Estate Agent 路 Los Angeles, CA 路 Member since 2016 路 596 posts 路 299 votes
9y

@Carmen Rojas

Hi Carmen

If you want I would be happy to go through some examples with you so you can better understand how to run numbers. 

Im in Pasadena myself so we aren't far. We can do it over the phone or over coffee. The more you do it the easier it will become.

On a side note, if its on Zillow or on the MLS it is not off market. I can explain how you can come across those kind of deals as well. (networkings, wholesalers etc)

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  • Wholesaler 路 Auburn, WA 路 Member since 2016 路 3 posts 路 0 votes
    9y

    what areas are you looking?

  • North Hollywood, CA 路 Member since 2017 路 10 posts 路 1 vote
    9y

    hi I'm looking anywhere in la county. The valley like Sherman oaks, even south Pasadena

  • Nabil SuleimanBusiness Member
    Real Estate Agent 路 Los Angeles, CA 路 Member since 2016 路 596 posts 路 299 votes
    9y

    @Carmen Rojas

    Hi Carmen

    If you want I would be happy to go through some examples with you so you can better understand how to run numbers. 

    Im in Pasadena myself so we aren't far. We can do it over the phone or over coffee. The more you do it the easier it will become.

    On a side note, if its on Zillow or on the MLS it is not off market. I can explain how you can come across those kind of deals as well. (networkings, wholesalers etc)

  • North Hollywood, CA 路 Member since 2017 路 10 posts 路 1 vote
    9y

    Hi Nabil. That would be great, I would really  appreciate that. Yes Let's do coffee on me 馃槃 Yes I would like to become an experienced  wholesaler 

    I have  pieces of the puzzle I just need to know how to put them together 

  • Nabil SuleimanBusiness Member
    Real Estate Agent 路 Los Angeles, CA 路 Member since 2016 路 596 posts 路 299 votes
    9y

    @Carmen Rojas

    That works for me. And we can go over the legalities of attempting to be a licensed Agent in CA as well as a wholesaler, you do have to be careful of how you write contracts and how you are receiving money as a licensed agent. 

    And for posts on Bigger Pockets make sure you use the @ symbol followed by the persons name you are writing to, otherwise I (or the person you are writing to) won't know that you are responding to them. If Zach didn't vote on my post I may have not come back to this immediately.  

  • North Hollywood, CA 路 Member since 2017 路 10 posts 路 1 vote
    9y

    Thank You @Nabil Suleiman I appreciate your advise.  I saw your number ill text you mine, it starts with 323-251

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