Making Offers on MLS Gorilla

[Linda Tourville]

I'm new to wholesaling and MLSG. Any users out there? I have many questions but will start with this one: I realize I need to know ARV to make an intelligent offer, but with MLSG, how does this come into play? If we are uploading MLS data and making an offer based on the listing price, how do we reconcile this with ARV?

[Randall Fujinaka]

Sorry, I don't know your program but if it only uploads asking price, then there is no way of knowing. Best thing to do is write a letter of intent for a % of that asking price. The see how many people respond. With that type of program, you are only fishing for motivation any way. You are playing the numbers that someone will come off their price. So it depends on the area you are marketing too. Rental areas...50-60% or more for the hood...working class maybe 50-30% off sales and nice areas....maybe 25% but not luxury homes....upper income things. Play the number and us LOI...if you get too many responses...you offered too much..you only want a few responses..

Good luck..



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