Wholesaling in San diego..

[Tory Crowder]

I'm a newbie about to jump in and i just wanted to know:

Does any one use wholesalers to find deals in SD? If, yes what criteria are you looking for in a good deal? If no then why not and what could i do different or better to be more successful?

[Brian Daly]

@Jahvin Bowman No, we are usually buying at around 80% ARV minus repairs. Give or take here and there depending on the project size, projected holding time, etc. The 85% minus repairs buyers just have monster bankrolls and are trying to churn mass volumes of homes, 100+ a year. That actually paid off for them the last 12 months with the appreciation we saw, but I have a feeling they are going to be hurting over the next 9 months as prices level and even drop in some areas.