Myhousedeals.com?

[Beryl M.]

Has anyone heard of myhousedeals.com and if so what do you think of them?.

[Eric M.]

Originally posted by Doug Smith:

Hey Eric. Thanks for upgrading to Premium. You're right in that some of the ARVs are a joke. We are transparent about that on the site. With the volume of deals being posted, we simply don't have the manpower to pull comps do repair estimates on each deal. We suggest that you ignore ARVs and repair estimates that are posted by sellers and determine those numbers on your own. The typical investor who has success on our website determines the ARV/repairs on their own and then makes offers that are $5k to $10k below the sellers asking price. If these things are going to be a problem for you, please request a refund, and I'll gladly grant one. We only want happy members. Thanks again for your business! :-)

Yes, I realize you are upfront about this, but the fact is many people are attracted by those numbers that you admit can be a joke; and then when they see they are bogus, they get turned off to the legitimacy/honesty of the wholesalers posting.
IMO, it is in your best interests long term to figure out a way to police this. The best way is crowdsourcing. Let your premium members do the work for you.
Give them a system to vote or provide feedback or report abuse. A wholesaler posting fraudulent comps is just as abusive to your site and unethical as a buyer sidestepping a wholesaler to make a deal (something you address on your site).
Have a rating system for wholesalers so the good ones can be identified. THat gives them an incentive to be honest and legit.
Or simply give your wholesalers a more detailed form to fill out re the comps to show their work and then average the prices automatically.
Now, you can have props with notes indicating comps from 150-200K but they list the ARV as $250K. Or the opposite...one 150K property had 3 comps over $300K.
There are lots of things you can do without needing your own manpower to improve things.
Any site that allows bogus or misleading info on their site eventually loses credibility. It will be something you have to address to go to the next level IMO.