Buying from another rehab company

[Carl Schmitt]

I see sometimes that companies that do rehabs will buy a property and rather than rehabbing, they will simply list it for sale as-is with a mark-up. My question is, if one company/investor doesn't want to get into fixing a particular property and just wants to wholesale it, could it possibly be a great deal for another investor to buy? In my mind, it seems like if it wasn't a good enough deal for the original investor, it certainly won't be a good deal at the new inflated price. What are your thoughts?

[Joel Owens]

People buy into bad deals all the time no matter who they are. I tall comes down to what that seller will let it go for and what loss they will take to move it.

It might not make sense at the price they want. You never pay for a sellers mistake. They have to eat that money or you move on to the next property.