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Updated over 8 years ago on . Most recent reply

What's Going on Here??
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.
Most Popular Reply

When you deal with Unlicensed Brokers expect to get the value that might be reflected by their education and integrity