Finding deals: Tampa, FL area.

[Account Closed]

My business partner and I are looking for distressed properties in the Tampa, FL area. We are currently working with a few wholesalers in the area, along with local investor friendly real estate agents. We also drive for deals, postcards, ect. However, we have yet to find a home over the last 30 days that meets that 70% rule? Typically the ARV is high from our wholesalers and the rehab is slightly low, which we expected. But even the deals we find from other sources aren't even close to the 70% rule.

Is this an issue in the area or are we just not finding actual "deals?" We don't want to fool with the numbers, but it's getting a little discouraging. Any advice from our seasoned investors?

[Chris Dufala]

This market (Tampa) is saturated with wholesalers and many of whom are amateurs. I am not beating them up, that's just the reality. Make sure to do your own due diligence. It is very difficult to find "deals" in this market now.