Why are cash buyers at auctions not receptive to wholesalers who approach them?

[Chris L.]

To start off, this is a claim that I haven't necessarily found to be true. I've made LOTS of contacts at auctions. But I have seen this claim, or similar claims that buyers at auctions are jaded and don't care to talk to wholesalers.

Could someone share additional insight on the mindset of the buyers at auctions and why they might not be receptive to wholesalers, in particular, sharing their contact info with us?

thanks!

Chris

[Steve Babiak]

That's because the wholesalers they have encountered in the past were just a waste of time - inflated ARV and underestimated repairs (plus overestimated rents where applicable) leads to bad deals.