More to learn? Seeing things differently? Or both?

[Shannon Oakley]

I have questions for any investors and wholesalers willing to participate....What is your buying criteria? How much do you actually expect to spend on a home wether off market or on market? How much do you expect to spend on a fix and flip? What is your buy and hold criteria?

I feel as if investors are missing out on great opportunities in the market by wanting the cheapest deals without realizing some of those come with major rehab. The market is flipping upside down and evolving. What the market was is currently not what it is anymore. ARV is harder to calculate in certain areas because homes are being purchased at asking price or 10,000 or more just to beat out the competition. Also, statistics are showing in most areas recent home purchases, and those homes haven't been put back on the market. Property values are going up, so fixer uppers are no longer only 70k or less. With developers flopping into cities that have been ignored for years expectations are different. We have known Houston, Dallas, LA, Miami, The five boroughs of NY, Washington D.C, Chicago, Atlanta, St.Louis, Detroit, and a few other cities to be the only major cities. That no longer holds true!!! Cities that have been ignored for so long are now evolving at fast rates and development is happening everywhere!

I find this very frustrating dealing with investors who seem to not understand that the bigger risks they take the higher the reward will be and that right now.....depending on rehab the BUYERS are determining the NEW MARKET VALUE!!! The market seems to be in favor of sellers right now with investors having to bend, but it seems as if old ways, outdated info, and old thinking habits from investors are making deals difficult for wholesalers. It seems as if they also don’t see and I mean really see what’s happening in today’s market. What we once could afford, we will have to pay more for. I just really want to hear from investors because it makes wholesaling extremely difficult at times. Some of us do extreme due diligence on our properties as if WE ARE PURCHASING THEM FOR OURSELVES !!! So that when assigning these contracts, the investor is running into little to no surprises, although inevitably there will be some during rehab! This is a career and not a hustle for a lot of us. I’d love to hear thoughts about this.