All Forum Posts by: Barry M.

Anthony Bell Technically, to calculate ARV, you new comparables of properties that have already sold and are similar to your subject property. And As everyone on here will probably say, MLS will be the best option, but until you can negotiate access with a Realtor or establish a relationship with a mentor, research prices of your subject property on Zillow, Trulia, Redfin, Realtor.com, and the county website. Choose the lowest price of the sites, incorporate a "beginners discount" and use that number as your ARV to calculate your MAO until you can get access to MLS. I'm in the same boat. Good luck.

Watson Smith Agreed. Can't wait to take my shareholders' meetings. But for now I'm just working toward getting to that level.

Emma Chen Did you drive by or have someone drive by to see if there were properties on the lots you won? Unfortunately, google maps showcases photos of a property from 2007 and since then the property might have burned to the ground.

Greatness Posted Again!! Wendell De Guzman l Do you wholesale apartments? This would be a goal for me to reach one day!!

Jeff Richardson It would depend on the kind of buyer you want. For retail you could use traditional methods, for investors or cash buyers you could market with Craigslist, eBay, YouTube, REIA meetings, calling investors who've bought in the area in the last few months, calling a self directed IRA custodian to see if they have buyers...Etc.

Dev Horn Everything you said in this post was magic. Hope you don't mind that I'm taking notes. Lol.

Dev Horn Everything you said in this post was magic. Hope you don't mind that I'm taking notes. Lol.

Javon Rice Also keep mind that in order to keep your interest in the property, you may have to continue paying the taxes until the redemption period is up or someone else could buy you out. This could be up to three years of keeping taxes current depending on redemption periods.

Rick Lucias When I starting searching for distressed properties I didn't have a car so I couldn't "drive for dollars." Instead, I "walked for wealth" in a specific zip code area I was interested in. Lol. Also, try alternating between direct mailing and direct calling. And always keep in mind you have to spend money to make money.

Just be careful. All Wholesalers get an unfavorable reputation because of a few bad apples. Why would they be willing to offer 60% instead of 50%? Sometimes it's best to wait things out. But if you feel that is right, by all means go for it.