How did you get your first deal?

Hello everyone, I have a quick question I’m going through the comping tips and tricks and I just wanted to ask what percentage you guys are using to get offer prices on properties i’m using the .70% rule but I wanted to see if I should be using a different percentage or not?

3 more points to level 4 almost there, thank you all for the help!!!!

What if I told you there’s a private community where 95% of members made over $50,000 in less than 100 days? Where half of them scaled to over $300K a year—without burning out chasing deal after deal every month. Inside this community, you're not on your own. You get real accountability directly from Rick Ginn, from me, and from other 7-figure wholesalers who’ve already walked the path from zero to millions & and know exactly how to help you do the same. And here’s the craziest part… nobody paid to join. Instead, we JV on your first 5 deals. On average, that’s brought in over $50,000 per student. We've even had 19-year-olds go from nothing to pulling in $120K a month. Seriously. This community Marketing to Millions (M2M) has been invite-only for the last 2 years. It’s hands-down the most proven, personalized scaling program in the industry. But on October 2nd, for the first time ever, we’re opening it up to the public. And to celebrate, we’re throwing our biggest launch party yet. 👉 On October 2nd at 8PM EST, join our Megastream live event where I’ll break down exactly how our students are hitting these kinds of numbers in under 90 days & and how you can do it too. No hype. No fluff. Just real results. If you qualify, I guarantee this community will help you close a deal in under 90 days! (no joke) Don’t miss this. It’s going to be the biggest livestream and launch I’ve ever done.

So my first ever contracts taught me a valuable lesson! I was able to get 5 properties under contract from the same motivated seller and look yall I ecstatic! I used my resources to source out different qualified buyers and someone contacted me! This person had 600K followers on instagram and is a known “guru” Joseph Nantomah aka Theblackmentor (instagram) understand that everything is not what it seems. This guy and his wife flew 8 hours to meet me personally walked and viewed all 5 properties we had drinks and good time and before 7pm I got a liquid signature on all 5 assignments totaling $125,000! My BIGGEST MISTAKE was not a making them pay an EMD of $5K or more. The EMD was only $1250. 1%. We talked a few days here and there and my title company finally cleared all 5 properties for closing. I remember it was June 6th 2022. I called him June 1st, 2nd, 3rd, and 4th. NO RESPONSE. June 5th he calls me and says he catching a flight in the morning and to meet him at the title company. I get there and after about 4 hours and no answered calls I realized he wasn’t showing! Luckily I had the contracts for an additional two weeks so decided to void them. He then goes to make a post as if he closed on the properties and I called him out and got blocked! Moral of the story everything isn’t what it seems if it sounds to good to be true more than likely it is. I’ve closed multiple properties since then and I didn’t let that stop me so what’s stopping you? I thought I was about to make $125K on my first multi-SFR deal ever! I laugh about it now but man what a lesson learned