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Updated over 9 years ago,
Houston Wholesalers - where are the deals?
I've been on here a while but I never post so here it goes. I've done 6 flips in the houston area and luckily found some good deals but it was time consuming. Lately I've been trying to deal with some wholesalers for my next flip but they seem to be closer to retail than wholesale. I see a mls listing for 87k wth 50 days on market and a wholesaler is bringing me this great deal at 85k. Do they think we are stupid? Great, they called and got a contract for 80k then tacked on 5k and its a "smoking hot deal and and it will go fast". I can do that if I want to pay 75% ARV. The thing is this is not an isolated situation but more of a trend I'm seeing from several "wholesalers". I guess it's back to finding my own but I but I would rather spend more time flipping than finding. I don't mind paying some for the service but do the work an find real deals. Also, if you do find that 50% deal don't get greedy and mark it up to 65% and I'll be back 10 times a year. The deals are out there so it's not the market. What I'm seeing lately is not a service I am willing to pay for because with time be being money the time saved becomes too costly. Are there a any decent wholesalers left in Houston?