Buying from other investors

[Kevin Nichols]

We've just started REI and have one duplex. There are a number of investors in our community and many have "wanted to sell their properties," but it appears the prices never meet the 50% or 2% rules in place.

I've had one wholesaler who was selling at retail prices and two other landlords who's asking prices were at retail level or more. Zillow is a really poor barometer in our area for housing prices, but it seems all these investors price based off of that.

Thoughts about purchasing from investors? Is there a better way to approach this?