Buying from wholesale company

[Jared S.]

Is this a good idea?  Are there good deals to be had? I'm on a website of an RE investment group that wholesales houses.  Typical description / example... 3 bedroom 2 bath for 79k.  Needs 25k in rehab costs.  Will sell after repairs for 175k.  So basically a potential 70k profit?   Seems like a good deal so why aren't you (the wholesale co.) doing it and making the 70k profit instead of wholesaling it to me for 10k over what they paid for it?