Wholesalers be honest with me...

[Jason Brown]

South Florida wholesalers I need a little honesty from you guys. 

I'm a serious buy and hold investor here in Miami and I'm looking to get a better understanding of what you guys are seeing in today's market.

I buy mostly SFH and small multifamily deals.

1. What kind of deals are you guys getting under contract?

2. What % of ARV are you locking them up for? Meaning on average are you guys passing these on to your buyers at 50% of ARV less costs, 60%, 80%?

Everyone is familiar with the 70% of ARV less costs benchmark when all is said and done but if those numbers are antiquated or just not the reality of today's market then what is?

Let me know.

[Nick C.]

Honesty from a South Florida wholesaler? Lol that’s a good one. 
From the email lists I’m on it looks like deals are being locked up around 80-90% of arv and fees are added on top of that. I haven’t seen 70% - repairs in about 5 or 6 years.