Purchasing deal from Wholesalers

[Philip Joseph]

I've had two dealings with wholesalers the past month since I've gotten back into investing and both times it didn't seem to be a good deal. In fact, I purchased a better deal two weeks ago straight from the MLS. The 1st could have been a fair deal, but it required a significant amount of work and if I was off on the estimate by $10-$15k, I would have overpaid. The second deal was ready to move in, but both of the agents I work with said the asking price was above current comps. And to make matters worse, the rent they said I could get was about $100 higher than equivalent comps. Have others had similar experiences lately? Is the market so tough that even wholesalers are having a hard time finding deals?

Cajun