Just a couple newbie questions.

[Matt DuSold]

Hey guys I just had a few questions about wholesaling. First, How big should a newbies buyer list be (on average)? I know it would be much better to have 10 buyers that are likely to buy most of the time than 40 buyers that will rarely ever buy. I just didn't know what a good number would be to aim for before one started.

Second, Is there a certain percentage of the ARV you should typically sell the property for? I know you want to aim for 5K on each deal and I have read the articles which say usually a rehabber will not want to put in more than 20K. I was just wondering if there was a certain figure you guys would resell that property for after taking the ARV into consideration.

Thanks guys.