@Jaime Penix No offense taken at all. I'm a new wholesaler who takes my part-time wholesaling business (and all my businesses) VERY serious. I do agree that there are a ton of wholesalers trying to hit home runs on every deal at the expense of the end buyer. However, there are those that really do try hard to find and feed the best deals possible. But you have to keep in mind that the latter have to go through a learning curve in properly calculating the ARV and rehab costs (and all other costs incurred the end buyer). With that said, have you thought about discussing the incorrect numbers to those wholesalers who seem to be legit (not an easy task itself, I would agree)?
The reason I ask is because on my very first contract I obtained, I truly thought I had great numbers, ones that buyers would jump on in minutes. However, after not getting any serious offers, I reached out to those who were initially interested to learn what was wrong with the deal (I put all pride aside and wanted to see it from their eyes). Every single one moved on without a beep. Why not carry a serious newbie under your wing...you'd in essence have a personal wholesaler feeding great tailored deals to your taste and getting them before anyone else. BTW, not directing these thoughts directly to you but to end-buyers in general.
In that particular deal, I later realized that although I was using prior sales within the last MONTH and within .5 miles of the subject property, one simple street (and not a real busy one) made all the difference in the world. That street was a block away from my property totally skewing my ARV. I had to learn that on my own after revisiting the property and my comps several times. Not complaining bc that was great learning experience but I think you get my point.
