What's Going on Here??

[Christine Heartsill]

Here's a question for you seasoned wholesalers (and investors who purchase properties from wholesalers)....

I am in the Houston metro area and I am constantly seeing big name wholesalers in the area bring "crappy" deals to their investor buyers. Sorry if this is you but I don't understand how a wholesaler can bring a deal nearly $100k OVER the "optimal formula" for a fix and flip (ARV * 70%- repairs= offer) on a $500 ARV property. I know everyone must do their due diligence, but it's frustrating and I feel like I can't find a wholesaler who brings value.

Am I off base here?

Many of these so called deals don't even work for a buy and hold.  And who are you turning around and selling these homes to?  You must be or else you wouldn't be in business stil...are there just a lot of foolish investors out there that don't know how to do math?? Lol!    I am fairly new still but have a pretty good head on my shoulders when it comes to finding deals but perhaps until I start developing more relationships with wholesalers, I can't expect to get the good pickens! Please, any wisdom is appreciated! Thanks.