Finding Quality Wholesale Deals for Flips

[Scott E.]

Hello!

I've made so much progress since my last thread, and my business is finally established and ready to buy. A big thanks to BP forum members and the podcasts for helping to build my confidence.

I've grown my network of wholesalers over the course of the past couple of months, which has been rewarding. While I've found a couple that I foresee having long term business relationships with, I've still had a challenging time getting deals to my inbox. I have a few questions that I'm hoping the experienced rehabbers can help with:

1) How do YOU find quality deals, especially when starting out when your network is smaller?
(My strategy thus far has been to grow a list of wholesalers and have them bring the deals to me for a fee. Should I be taking any additional approaches?)

2) Is the "Offer = 70% ARV - Repairs" a realistic expectation anymore?
(I've run cost analysis on hundreds of deals by now, and no more than a handful have met this criteria. I wish I was able to take action on those few that did make sense, but my business was not ready for operation at that time.)

Thanks again!