Finding a Rehab in a B class neighborhood nearly impossible?

[Daniel Guerra]

I've been looking for a rehab property in B class neighborhoods and so far nothing has materialized. I'm using the typical general equation: ARV x .70 - repair costs = purchase price.

I understand the markets are super red hot now however.  Nothing is impossible but seems like the chances of finding a deal according to my equation is .1% or less in a B class neighborhood.

I see a few C class properties that meet my equation but I do also plan on holding the property as a rental.  I see a lot more issues holding on to a property as a rental in a C class neighborhood compared to a B class one.   

[Dave Passey]

@François DesCotes So I am a wholesaler, flipper, and rental investor in Dallas. We send out our own marketing to find deals that we either do ourselves or sell to others. We also do cold calling to reach more people. I would not just trust a wholesalers numbers. I trust my own numbers but you need to verify it on your own to see if you agree. Finding deals takes a lot of time and the reason a lot of people can’t find good 70% deals is because they rely on guys like me to find them deals. The issue with that is that we keep the ones that are 70% or less for ourselves and sell the ones that are above 70% but below 80% to y’all. It takes a lot of time to find deals consistently and most people don’t enough time so they settle for getting deals at 80%. One of the most productive ways that we have gotten deals is door knocking a list. It is very time intensive, but gets good leads.