Good evening,
I have been listening to the last 100 or so episodes and love what I hear on the podcasts. I am planning to become more active on the forums so kicking it off with this post. Just curious if others are in the same boat. Over the last year or so I've come into contact with numerous "wholesalers". The issue is, 9 out of 10 of these "wholesale" deals don't appear that way to me. Almost every single one of them go like this. ARV $100K, asking price $80K. Mind you these houses aren't rent ready. Most need 10-15K of work and that is keeping most repairs in house. I'm curious who is buying and how that works? It just doesn't seem feasible to me to try and rent houses out when I'm in them for 90% ARV. Does anyone else see this being the case as well, or am I just hooked up with the wrong wholesalers? My last 3 deals I bought from MLS between 50-60% ARV. How am I finding better deals on MLS than wholesalers are offering up? Appreciate any input.
