You should always be hesitant to put a property under contract. There is typically always more to the story with the seller....... And, as Pace Morby always says: Buyers are liars and sellers are worst! Here are a few quick ways for you to avoid making mistakes when locking up a deal: 1. Check Realtor.com to see if the property was on the market recently. If it was, you better lock it up significantly lower from there list price. There is something most likely wrong with the house. 2. Make sure that you see investor activity in the SPECIFIC location that your subject property is in. 3. Take into account curb appeal! If the property is on a 35mph+ street or is next to commercial, take 10% off of ARV and then start calculating your maximum allowable offee from there. 4. Check to see if the property is in a flood plain. This means that your end buyer may be required to pay flood insurance in addition to normal home owner insurance. See the link below: https://www.arcgis.com/apps/webappviewer/index.html?id=8b0adb51996444d4879338b5529aa9cd 5. Check the household median income per census tract. I only typically wholesale properties where the HHMI is greater than $40,000. See the link below: https://geomap.ffiec.gov/ffiecgeomap/ Ask any questions you have in the comments and stay tuned for Part 2!

Wholesaling real estate can be tough depending on what market you are focusing on. Factors like marketing budget, lack of buyer connections, and analysis paralysis can really hurt your progress in the beginning of your wholesaling journey. For me, wholesaling real estate was my first entrepreneurial experience. I quit my job in Antioch, CA on February 9, 2019 with still having to still support my pregnant wife and 3 kids at the time. It took me 3 months to close my first deal which was in Florida! I did the deal virtually with the help of another wholesaler in Orlando. It was a 45k spread split between 4 people. It was a whirlwind! My next deal came in August of 2019, and then became more consistent in September of that same year. The rest is history! What are some of the issues that you have come across thus far on your wholesaling journey? What is holding you back from completing your first deal? Or completing your next deal?