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Updated about 1 year ago on . Most recent reply

Michelle Masters's profile image
Michelle Masters's profile image
Michelle Masters
Pro Member
  • Investor
  • from Mesa, AZ
  • Member since Aug 30, 2013
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25
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6
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Michelle Masters's profile image
Michelle Masters's profile image
Michelle Masters
Pro Member
  • Investor
  • from Mesa, AZ
  • Member since Aug 30, 2013
Connect
Michelle Masters
Pro Member
  • Investor
  • Mesa, AZ
6
Votes |
25
Posts
Rehabbing & House Flipping

Are you wholesalers asking too much?

Michelle Masters
Pro Member
  • Investor
  • Mesa, AZ
Posted

I'm seeing wholesalers here in AZ asking 80% ARV flat (no reduction for repairs). Even a light cleaning would take at least 1 month of holding + closing costs on both sides. Almost every "deal" that's hit my Inbox needed $45K to $60K in repairs. I've started asking myself, "Who's training these folks?!?!".

Anyone in the Phoenix area have similar experiences? What is everyone else seeing in your markets?

  • Michelle Masters
    • Phoenix, Arizona
    3 Votes
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