All Forum Posts by: Haider Zaman

Hello BP family,

I am a new Realtor in Richmond, VA and have always had a strong interest in wholesaling. Since I have access to the CVR MLS here in Richmond, I wanted to know what would be a good approach to use the MLS to find wholesaling deals.

Any advice or guidance to help this newbie realtor/wholesaler get started would be MUCH appreciated.  

Thank you again,

Haider

Priscilla,

Thank you for responding.  That really helps.  Do you have a general percentage that you stick to when making an offer to a seller?  How do you determine your wholesale fee?  

I guess I am trying to figure out how should I establish my wholesale fee when factoring in the offer to a seller.

Thanks again!

Hey everyone,

As a new wholesaler, I want to make sure I am well prepared for my first deal. With that said, I am looking for an assignable contract that I can use here in Richmond, VA.

Would anyone either send me a copy (I can provide my email) or point me to a direction where I could obtain a contract that I could get my sellers to sign?

Thank you again BP community!  You guys are simply amazing.

Haider

Hello everyone!

I am a licensed Realtor here in Richmond, VA and have been trying to understand the ART of wholesaling. I do have a question regarding the price I (the wholesaler) negotiate with the seller. What is the ARV (percentage) that I should look to get the property at, so that I may turn around and assign that contract to an investor?

I also read somewhere on BP that wholesalers are negotiating properties at 70% ARV (minus repairs, etc), but I was under the impression that the 70% ARV figure was for investors? I thought the wholesalers ideally should stick to the 50-60% ARV? (or any other ARV suggestions for the wholesaler would be greatly welcome)

I would greatly appreciate it if someone could help clarify the purchase ARV percentage for the wholesaler.

Thank you sincerely,

Hello everyone,

I am new to the world of real estate (let alone real estate investing). I've heard a lot of great things about section 8 (how its a steady, guaranteed cash flow), but also some things that are not so great.

I wanted to reach out to you all and get your thoughts on if this is something I should pursue. Please keep in mind that I am a brand new investor (doesn't get any greener). I am currently in Richmond, VA and would really appreciate your guidance.

Thank you,

HZ

Hello Bigger Pockets Family,

I am new to the world of real estate. I just obtained my Virginia real estate sales license and am looking for opportunities to build a business.

I've heard many people talk about property management as a business but don't really know what that means and entails. Could you all provide some guidance? What does it mean to management properties and how much money (general ballpark figure) can a person make?

I would greatly appreciate any guidance you all can provide.

Thank you sincerely,

Ch