"Piggy" Wholesalers

[Brian M.]

I've seen WAY too many deals advertised as wholesale that simply are not. I'm in the Phoenix-Metro market, and as a longtime resident who's had a career in outside sales spanning 15+ years, I've seen every nook of the metro area and NoAZ and I'll put this forward: I'd advise taking a good look at any and all comps offered you by 'wholesalers' with more than a grain of salt. I'm seeing wholesalers offer "deals" at what conservatively would be 85 and upwards of 95% ARV with even he most aggressive estimates, and using comps from unlike properties to justify it. If you're newer to Phoenix/Scottsdale/Metro, understand that there are many, many pockets of brick near stucco, old near new, and different personalities of our wonderfully disjointed city sometimes right across the street. Just a heads up! Take a physical drive whenever possible. I've had folks ask for earnest many to simply VIEW a place in person.

[Matt McConkey]

@Bill Gulley This post is from nine months ago and nothing has been said in this post for nine months. Brian clearly has an understanding of what is and isn't a good deal in the Phoenix market, so I felt that asking him about what he felt was a good deal in the Phoenix area was relevant to the overall post. 

You are correct, I could have started my own thread, but instead I chose to ask someone else in this market, who seems could bring relevant information about what a good ARV would be for the area in which we both live.