At what point can wholesalers destroy a market?

[Clayton Howard]

I felt this a good topic to bring to the group. Can wholesalers have themselves gazed out of a market but charging exuberant fees on properties whose value won’t equate after extensive rehabs on these same homes the wholesalers are selling? Take this property I saw today for 170k! In a horrible area of Newark NJ. I am a licensed NJ contractor and Based on the pics included without even going I know it needs about 80k minimum in work . Where’s the value if the home comps for the area clear have it selling in the low 300k based on the rooms and overall size of the home? Who can you wholesale this and expect longevity?

[Jim K.]

@Clayton Howard

Either way, more properties are being offered for higher prices. As long as you're not buying into the idiot deals and you own in an area they're doing business in, wholesalers are raising property values and are making you money. I really don't see how they can destroy a market.